Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.27% | +0.34 | 0.93% |
| Return on Equity (%) | ▲ | 18.05% | +3.08 | 14.97% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.30 | 3.83% |
| Efficiency Ratio (%) | ▲ | 69.51% | -6.14 | 75.65% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.37 | $1 |
| Cost of Funds (%) | ▲ | 1.62% | -0.21 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $356 | +25.71 | $331 |
| Gross Loans ($M) | ▲ | $265 | +26.20 | $238 |
| Loan Growth YoY (%) | ▲ | 79.88% | +2.89 | 76.99% |
| Total Deposits ($M) | ▲ | $327 | +21.32 | $306 |
| Shareholders Equity ($M) | ▲ | $25 | +4.13 | $21 |
| Tang. Book Value ($M) | ▲ | $25 | +4.08 | $21 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +3.47 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 79.88% | +2.89 | 76.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.47% | +0.24 | 0.24% |
| Allowance / Loans (%) | — | 1.23% | 0.01% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.63% | +0.31 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.35% | -0.27 | 10.62% |
Noninterest income ($0.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 3.44% | 3.52% | 3.76% | 3.83% | 3.90% | 3.93% | 4.13% | 4.14% |
| ▁▁▂▄▅▄▇█ | Return on Assets (%) | 0.69% | 0.69% | 0.78% | 0.93% | 1.00% | 0.96% | 1.13% | 1.27% |
| ███▅▄▄▂▁ | Efficiency Ratio (%) | 79.1% | 79.7% | 78.7% | 75.7% | 73.6% | 74.6% | 71.6% | 69.5% |
| █▅▃▄▃▂▁▁ | Cost of Funds (%) | 2.13% | 1.92% | 1.79% | 1.84% | 1.77% | 1.74% | 1.68% | 1.62% |
| ▂▁▃▂▅▆▃█ | NPA / Assets (%) | 0.22% | 0.16% | 0.28% | 0.24% | 0.34% | 0.38% | 0.27% | 0.47% |
| ▂▁▄▂▅▆▃█ | Net Charge-Off Ratio (%) | 0.32% | 0.23% | 0.39% | 0.33% | 0.46% | 0.51% | 0.36% | 0.63% |
| ▃▁▂▃▆▇██ | Tang. Book Value ($M) | $21 | $19 | $20 | $21 | $23 | $24 | $24 | $25 |
| ▁▂▂▃▆███ | Gross Loans ($M) | $227 | $233 | $234 | $238 | $252 | $266 | $263 | $265 |
| ▁▂▁▁▃▂▅█ | Total Deposits ($M) | $304 | $309 | $305 | $306 | $312 | $310 | $318 | $327 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 5% |
| Agricultural | 9% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 2% |