Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.94% | +0.12 | 1.82% |
| Return on Equity (%) | ▲ | 22.82% | +0.57 | 22.25% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.17 | 3.86% |
| Efficiency Ratio (%) | ▲ | 53.75% | -2.46 | 56.21% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.52 | $3 |
| Cost of Funds (%) | ▲ | 1.55% | -0.15 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $649 | +42.38 | $607 |
| Gross Loans ($M) | ▲ | $495 | +22.97 | $472 |
| Loan Growth YoY (%) | ▼ | 83.51% | -1.65 | 85.16% |
| Total Deposits ($M) | ▲ | $585 | +37.54 | $547 |
| Shareholders Equity ($M) | ▲ | $56 | +4.75 | $51 |
| Tang. Book Value ($M) | ▲ | $53 | +4.92 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $57 | +5.19 | $52 |
| Loan / Deposit Ratio (%) | ▼ | 83.51% | -1.65 | 85.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.09 | 0.10% |
| Allowance / Loans (%) | — | 1.31% | 0.07% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.12 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.28% | +0.32 | 10.96% |
Noninterest income ($1.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆▇▇▇█ | Net Interest Margin (%) | 3.41% | 3.45% | 3.70% | 3.86% | 3.88% | 3.90% | 3.90% | 4.03% |
| ▁▁▅▇▇▆▇█ | Return on Assets (%) | 1.43% | 1.42% | 1.72% | 1.82% | 1.82% | 1.79% | 1.81% | 1.94% |
| ██▄▃▃▃▂▁ | Efficiency Ratio (%) | 62.0% | 62.3% | 57.2% | 56.2% | 56.1% | 56.4% | 55.0% | 53.7% |
| ██▃▄▅▄▁▁ | Cost of Funds (%) | 1.90% | 1.87% | 1.64% | 1.70% | 1.76% | 1.70% | 1.57% | 1.55% |
| ▁▇█▆▇█▅▁ | NPA / Assets (%) | 0.02% | 0.12% | 0.13% | 0.10% | 0.12% | 0.14% | 0.08% | 0.00% |
| ▁██▆▄▅▁▁ | Net Charge-Off Ratio (%) | 0.02% | 0.16% | 0.17% | 0.13% | 0.07% | 0.10% | 0.02% | 0.00% |
| ▁▁▃▄▅▆██ | Tang. Book Value ($M) | $45 | $44 | $47 | $48 | $49 | $50 | $52 | $53 |
| ▁▂▄▅▇▇██ | Gross Loans ($M) | $443 | $449 | $462 | $472 | $486 | $483 | $490 | $495 |
| ▁▄▅▄▇▇██ | Total Deposits ($M) | $516 | $544 | $557 | $547 | $575 | $574 | $583 | $585 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 10% |
| Agricultural | 3% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 13% |