Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.99% | +0.68 | 0.31% |
| Return on Equity (%) | ▲ | 12.99% | +8.04 | 4.95% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.31 | 3.19% |
| Efficiency Ratio (%) | ▲ | 69.04% | -7.01 | 76.05% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.32 | $2 |
| Cost of Funds (%) | ▲ | 1.44% | -0.19 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $669 | +37.48 | $632 |
| Gross Loans ($M) | ▲ | $335 | +3.52 | $332 |
| Loan Growth YoY (%) | ▼ | 53.97% | -1.79 | 55.76% |
| Total Deposits ($M) | ▲ | $613 | +26.58 | $586 |
| Shareholders Equity ($M) | ▲ | $51 | +9.23 | $42 |
| Tang. Book Value ($M) | ▲ | $51 | +9.30 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +9.44 | $52 |
| Loan / Deposit Ratio (%) | ▼ | 53.97% | -1.79 | 55.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.49% | -0.09 | 0.58% |
| Allowance / Loans (%) | — | 1.32% | -0.10% | 1.42% |
| Net Charge-Off Ratio (%) | ▲ | 0.98% | -0.12 | 1.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -15.30 | 15.30% |
Noninterest income ($1.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▇▇██ | Net Interest Margin (%) | 2.53% | 2.65% | 3.07% | 3.19% | 3.28% | 3.36% | 3.46% | 3.49% |
| ▄▅▁▃▅▆██ | Return on Assets (%) | 0.45% | 0.56% | 0.08% | 0.31% | 0.61% | 0.66% | 0.95% | 0.99% |
| █▆█▄▃▄▁▁ | Efficiency Ratio (%) | 83.0% | 80.3% | 84.0% | 76.0% | 73.4% | 75.3% | 69.8% | 69.0% |
| █▇▄▃▂▁▁▁ | Cost of Funds (%) | 2.14% | 2.04% | 1.76% | 1.63% | 1.57% | 1.49% | 1.42% | 1.44% |
| ▁▄▇▇██▇▆ | NPA / Assets (%) | 0.18% | 0.42% | 0.60% | 0.58% | 0.67% | 0.63% | 0.61% | 0.49% |
| ▁▄▇████▇ | Net Charge-Off Ratio (%) | 0.08% | 0.53% | 0.96% | 1.10% | 1.23% | 1.15% | 1.09% | 0.98% |
| ▄▁▄▄▇███ | Tang. Book Value ($M) | $39 | $32 | $41 | $41 | $47 | $50 | $50 | $51 |
| ▁▁▂▅██▇▆ | Gross Loans ($M) | $311 | $314 | $319 | $332 | $346 | $344 | $338 | $335 |
| ▁▂▄▅▅▆██ | Total Deposits ($M) | $548 | $561 | $574 | $586 | $585 | $596 | $606 | $613 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 12% |
| Agricultural | 7% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 8% |