Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.71% | +0.04 | 1.67% |
| Return on Equity (%) | ▼ | 12.58% | -0.10 | 12.68% |
| Net Interest Margin (%) | ▼ | 4.22% | -0.02 | 4.24% |
| Efficiency Ratio (%) | ▼ | 53.32% | +1.03 | 52.29% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.18 | $5 |
| Cost of Funds (%) | ▼ | 1.08% | +0.04 | 1.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $930 | +41.40 | $889 |
| Gross Loans ($M) | ▼ | $588 | -9.19 | $597 |
| Loan Growth YoY (%) | ▼ | 72.58% | -5.39 | 77.97% |
| Total Deposits ($M) | ▲ | $799 | +43.65 | $755 |
| Shareholders Equity ($M) | ▲ | $126 | +8.81 | $117 |
| Tang. Book Value ($M) | ▲ | $126 | +8.92 | $117 |
| TBV excl. AOCI ($M)** | ▲ | $135 | +10.20 | $125 |
| Loan / Deposit Ratio (%) | ▼ | 72.58% | -5.39 | 77.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.77% | -0.08 | 0.85% |
| Allowance / Loans (%) | — | 1.44% | -0.01% | 1.45% |
| Net Charge-Off Ratio (%) | ▲ | 0.35% | -0.91 | 1.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▃▅▇█▅▄ | Net Interest Margin (%) | 4.14% | 4.20% | 4.19% | 4.24% | 4.29% | 4.34% | 4.24% | 4.22% |
| ▇█▄▆▁█▅▇ | Return on Assets (%) | 1.74% | 1.81% | 1.55% | 1.67% | 1.40% | 1.77% | 1.64% | 1.71% |
| ▁▁▇▅▇▆█▇ | Efficiency Ratio (%) | 49.1% | 48.3% | 54.1% | 52.3% | 53.9% | 52.8% | 54.9% | 53.3% |
| █▄▂▁▃▂▁▁ | Cost of Funds (%) | 1.42% | 1.19% | 1.10% | 1.03% | 1.15% | 1.10% | 1.05% | 1.08% |
| ▁▇▇▇███▆ | NPA / Assets (%) | 0.11% | 0.85% | 0.85% | 0.85% | 1.02% | 1.04% | 1.01% | 0.77% |
| ▁███▃▄▄▂ | Net Charge-Off Ratio (%) | 0.18% | 1.24% | 1.28% | 1.26% | 0.55% | 0.59% | 0.59% | 0.35% |
| ▁▃▄▅▄▆██ | Tang. Book Value ($M) | $106 | $111 | $114 | $117 | $116 | $121 | $123 | $126 |
| ▁▄▁▆██▇▄ | Gross Loans ($M) | $566 | $587 | $571 | $597 | $615 | $614 | $603 | $588 |
| ▁▄▃▅▄▅▆█ | Total Deposits ($M) | $704 | $746 | $736 | $755 | $749 | $752 | $769 | $799 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 8% |