Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.63% | +0.36 | 2.27% |
| Return on Equity (%) | ▼ | 29.26% | -0.71 | 29.97% |
| Net Interest Margin (%) | ▲ | 3.33% | +0.23 | 3.10% |
| Efficiency Ratio (%) | ▲ | 45.21% | -1.36 | 46.57% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.44 | $4 |
| Cost of Funds (%) | ▲ | 1.11% | -0.16 | 1.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $643 | +6.28 | $637 |
| Gross Loans ($M) | ▼ | $301 | -14.38 | $315 |
| Loan Growth YoY (%) | ▼ | 51.99% | -2.33 | 54.32% |
| Total Deposits ($M) | ▲ | $569 | +0.20 | $569 |
| Shareholders Equity ($M) | ▲ | $55 | +7.35 | $47 |
| Tang. Book Value ($M) | ▲ | $55 | +7.35 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $71 | +9.19 | $62 |
| Loan / Deposit Ratio (%) | ▼ | 51.99% | -2.33 | 54.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.97% | -0.41 | 1.38% |
| Allowance / Loans (%) | — | 1.67% | -0.31% | 1.98% |
| Net Charge-Off Ratio (%) | ▲ | 2.07% | -0.71 | 2.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.81% | +0.04 | 19.77% |
Noninterest income ($2.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 2.78% | 2.81% | 3.05% | 3.10% | 3.14% | 3.18% | 3.30% | 3.33% |
| ▁▁▁▃▄▆▆█ | Return on Assets (%) | 2.19% | 2.17% | 2.14% | 2.27% | 2.37% | 2.50% | 2.45% | 2.63% |
| ██▅▄▃▁▃▁ | Efficiency Ratio (%) | 49.2% | 48.9% | 47.3% | 46.6% | 45.8% | 44.7% | 46.2% | 45.2% |
| █▇▄▄▄▂▁▁ | Cost of Funds (%) | 1.52% | 1.45% | 1.26% | 1.27% | 1.27% | 1.18% | 1.09% | 1.11% |
| ▃▄▄█▃▁▂▄ | NPA / Assets (%) | 0.91% | 1.02% | 0.99% | 1.38% | 0.90% | 0.71% | 0.81% | 0.97% |
| ▃▅▅█▁▁▂▅ | Net Charge-Off Ratio (%) | 1.84% | 2.09% | 2.06% | 2.78% | 1.29% | 1.35% | 1.64% | 2.07% |
| ▃▁▃▁▅██▅ | Tang. Book Value ($M) | $51 | $47 | $50 | $47 | $55 | $60 | $60 | $55 |
| ▅▆▇█▃▂▁▄ | Gross Loans ($M) | $305 | $307 | $310 | $315 | $300 | $297 | $292 | $301 |
| ▁▄▆▅▃▅█▅ | Total Deposits ($M) | $546 | $564 | $575 | $569 | $557 | $568 | $584 | $569 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 52% |
| C&I / Commercial | 27% |
| Agricultural | 14% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 8% |