Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.29% | -0.02 | 2.31% |
| Return on Equity (%) | ▼ | 19.33% | -0.32 | 19.65% |
| Net Interest Margin (%) | ▼ | 4.75% | -0.22 | 4.97% |
| Efficiency Ratio (%) | ▲ | 54.01% | -0.62 | 54.63% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.34 | $3 |
| Cost of Funds (%) | ▲ | 1.42% | -0.14 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $520 | +47.53 | $472 |
| Gross Loans ($M) | ▲ | $386 | +19.95 | $366 |
| Loan Growth YoY (%) | ▼ | 83.46% | -3.41 | 86.88% |
| Total Deposits ($M) | ▲ | $455 | +40.32 | $415 |
| Shareholders Equity ($M) | ▲ | $62 | +6.96 | $55 |
| Tang. Book Value ($M) | ▲ | $62 | +7.02 | $55 |
| Loan / Deposit Ratio (%) | ▼ | 83.46% | -3.41 | 86.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.07 | 0.11% |
| Allowance / Loans (%) | — | 1.53% | 0.04% | 1.48% |
| Net Charge-Off Ratio (%) | ▼ | 0.24% | +0.10 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂████▅▅ | Net Interest Margin (%) | 4.47% | 4.58% | 4.96% | 4.97% | 4.96% | 5.00% | 4.74% | 4.75% |
| ▁▁▆███▄▇ | Return on Assets (%) | 2.04% | 2.00% | 2.25% | 2.31% | 2.32% | 2.35% | 2.17% | 2.29% |
| ▇█▃▂▂▂▄▁ | Efficiency Ratio (%) | 56.9% | 57.6% | 55.3% | 54.6% | 54.8% | 54.8% | 55.5% | 54.0% |
| ██▅▆▇▄▁▂ | Cost of Funds (%) | 1.62% | 1.65% | 1.53% | 1.55% | 1.59% | 1.50% | 1.37% | 1.42% |
| ▁▄▁▁█▅▄▃ | NPA / Assets (%) | 0.12% | 0.19% | 0.10% | 0.11% | 0.32% | 0.22% | 0.20% | 0.18% |
| ▁▃▁▁█▅▅▃ | Net Charge-Off Ratio (%) | 0.17% | 0.23% | 0.13% | 0.14% | 0.41% | 0.29% | 0.29% | 0.24% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $51 | $52 | $53 | $55 | $56 | $58 | $60 | $62 |
| ▁▂▄▅▆▆▅█ | Gross Loans ($M) | $342 | $353 | $360 | $366 | $372 | $372 | $368 | $386 |
| ▁▁▃▄▅▆██ | Total Deposits ($M) | $388 | $382 | $406 | $415 | $426 | $431 | $458 | $455 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 22% |
| Agricultural | 4% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 8% |