Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.55% | -0.12 | 1.68% |
| Return on Equity (%) | ▼ | 17.11% | -2.31 | 19.42% |
| Net Interest Margin (%) | ▼ | 4.54% | -0.23 | 4.77% |
| Efficiency Ratio (%) | ▼ | 68.33% | +0.94 | 67.38% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.12 | $1 |
| Cost of Funds (%) | ▼ | 0.57% | +0.00 | 0.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $196 | +12.72 | $183 |
| Gross Loans ($M) | ▼ | $93 | -18.37 | $111 |
| Loan Growth YoY (%) | ▼ | 51.95% | -14.77 | 66.73% |
| Total Deposits ($M) | ▲ | $177 | +11.45 | $165 |
| Shareholders Equity ($M) | ▲ | $17 | +1.00 | $16 |
| Tang. Book Value ($M) | ▲ | $17 | +1.00 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +1.90 | $18 |
| Loan / Deposit Ratio (%) | ▼ | 51.95% | -14.77 | 66.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.00 | 0.02% |
| Allowance / Loans (%) | — | 1.22% | 0.29% | 0.93% |
| Net Charge-Off Ratio (%) | — | 0.04% | 0.00 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▇███▅▅ | Net Interest Margin (%) | 4.18% | 4.28% | 4.68% | 4.77% | 4.77% | 4.81% | 4.52% | 4.54% |
| ▁▂▇███▄▅ | Return on Assets (%) | 1.38% | 1.43% | 1.63% | 1.68% | 1.69% | 1.71% | 1.52% | 1.55% |
| ██▅▅▄▄▁▆ | Efficiency Ratio (%) | 70.0% | 69.7% | 67.8% | 67.4% | 67.2% | 67.1% | 64.7% | 68.3% |
| █▅▁▂▂▃▂▂ | Cost of Funds (%) | 0.89% | 0.72% | 0.48% | 0.57% | 0.58% | 0.61% | 0.56% | 0.57% |
| ▃█▁▁▁▁▁▁ | NPA / Assets (%) | 0.04% | 0.08% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| ▃█▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.07% | 0.14% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% |
| ▁▁▃▅▇███ | Tang. Book Value ($M) | $14 | $15 | $15 | $16 | $17 | $17 | $17 | $17 |
| ▆▇██▇▂▁▂ | Gross Loans ($M) | $105 | $107 | $109 | $111 | $106 | $95 | $89 | $93 |
| ▁▁▂▃▅▁██ | Total Deposits ($M) | $162 | $162 | $164 | $165 | $170 | $161 | $176 | $177 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 9% |
| Agricultural | 9% |
| Consumer | 6% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 49% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 6% |