Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.50% | +0.16 | 1.33% |
| Return on Equity (%) | ▼ | 14.76% | -0.12 | 14.88% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.31 | 3.55% |
| Efficiency Ratio (%) | ▲ | 50.14% | -2.33 | 52.48% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.57 | $5 |
| Cost of Funds (%) | ▲ | 1.19% | -0.28 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,009 | +50.76 | $959 |
| Gross Loans ($M) | ▲ | $549 | +19.67 | $529 |
| Loan Growth YoY (%) | ▼ | 60.52% | -0.36 | 60.88% |
| Total Deposits ($M) | ▲ | $896 | +36.81 | $860 |
| Shareholders Equity ($M) | ▲ | $105 | +14.03 | $91 |
| Tang. Book Value ($M) | ▲ | $105 | +14.03 | $91 |
| TBV excl. AOCI ($M)** | ▲ | $122 | +12.91 | $109 |
| Loan / Deposit Ratio (%) | ▼ | 60.52% | -0.36 | 60.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.08% | +0.07 | 0.00% |
| Allowance / Loans (%) | — | 1.15% | 0.06% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.13 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.59% | +0.70 | 17.89% |
Noninterest income ($1.56M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▆▇▇██ | Net Interest Margin (%) | 2.64% | 2.81% | 3.47% | 3.55% | 3.65% | 3.70% | 3.88% | 3.86% |
| ▁▁▃▅▆▅█▇ | Return on Assets (%) | 1.05% | 1.04% | 1.19% | 1.33% | 1.46% | 1.38% | 1.62% | 1.50% |
| ▇█▆▃▁▆▂▁ | Efficiency Ratio (%) | 57.0% | 59.0% | 55.8% | 52.5% | 50.9% | 55.8% | 51.3% | 50.1% |
| █▆▃▄▃▁▁▁ | Cost of Funds (%) | 1.86% | 1.64% | 1.43% | 1.47% | 1.42% | 1.25% | 1.22% | 1.19% |
| ▃▁▁▁█▂▁█ | NPA / Assets (%) | 0.03% | 0.00% | 0.00% | 0.00% | 0.08% | 0.02% | 0.01% | 0.08% |
| ▃▁▁▁█▂▁█ | Net Charge-Off Ratio (%) | 0.05% | 0.00% | 0.00% | 0.01% | 0.14% | 0.03% | 0.01% | 0.14% |
| ▂▁▂▄▆▆▇█ | Tang. Book Value ($M) | $85 | $80 | $86 | $91 | $98 | $98 | $102 | $105 |
| ▁▁▅▅▇▆██ | Gross Loans ($M) | $502 | $504 | $527 | $529 | $542 | $537 | $551 | $549 |
| ▁▅▂▄▃█▆█ | Total Deposits ($M) | $817 | $864 | $829 | $860 | $849 | $906 | $874 | $896 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 20% |
| Agricultural | 10% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 8% |