Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.54% | +0.21 | 1.33% |
| Return on Equity (%) | ▲ | 14.66% | +2.19 | 12.47% |
| Net Interest Margin (%) | ▲ | 3.85% | +0.23 | 3.62% |
| Efficiency Ratio (%) | ▲ | 52.99% | -3.81 | 56.81% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.60 | $2 |
| Cost of Funds (%) | ▲ | 0.95% | -0.08 | 1.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $438 | +17.05 | $421 |
| Gross Loans ($M) | ▲ | $224 | +21.31 | $203 |
| Loan Growth YoY (%) | ▲ | 57.27% | +3.27 | 54.00% |
| Total Deposits ($M) | ▲ | $387 | +15.31 | $372 |
| Shareholders Equity ($M) | ▲ | $48 | +1.47 | $46 |
| Tang. Book Value ($M) | ▲ | $48 | +1.47 | $46 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +1.66 | $53 |
| Loan / Deposit Ratio (%) | ▲ | 57.27% | +3.27 | 54.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.00% | +0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.00% | 0.08% | 0.92% |
| Net Charge-Off Ratio (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 3.43% | 3.45% | 3.51% | 3.62% | 3.67% | 3.70% | 3.71% | 3.85% |
| ▂▁▅▅▅▄▆█ | Return on Assets (%) | 1.18% | 1.09% | 1.33% | 1.33% | 1.34% | 1.30% | 1.40% | 1.54% |
| ▇█▃▃▃▄▂▁ | Efficiency Ratio (%) | 62.3% | 64.8% | 56.0% | 56.8% | 56.9% | 58.8% | 54.8% | 53.0% |
| █▇█▆▄▁▁▁ | Cost of Funds (%) | 1.07% | 1.05% | 1.09% | 1.03% | 1.00% | 0.95% | 0.93% | 0.95% |
| ▁▁█▁▁▁▂▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.05% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% |
| ▁▁█▁▁▁▂▁ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.11% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% |
| ▄▁▄▅█▄▆▇ | Tang. Book Value ($M) | $45 | $43 | $45 | $46 | $49 | $46 | $47 | $48 |
| ▁▁▂▃▄▆██ | Gross Loans ($M) | $194 | $196 | $198 | $203 | $206 | $214 | $222 | $224 |
| ▁▃▄▄▄▇█▆ | Total Deposits ($M) | $351 | $367 | $373 | $372 | $372 | $393 | $405 | $387 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 11% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 8% |