Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +0.32 | 0.70% |
| Return on Equity (%) | ▲ | 12.16% | +2.16 | 10.00% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.45 | 3.34% |
| Efficiency Ratio (%) | ▲ | 68.53% | -9.00 | 77.53% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.27 | $1 |
| Cost of Funds (%) | ▲ | 1.53% | -0.41 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $225 | +1.49 | $223 |
| Gross Loans ($M) | ▲ | $144 | +11.09 | $133 |
| Loan Growth YoY (%) | ▲ | 73.12% | +1.60 | 71.51% |
| Total Deposits ($M) | ▲ | $194 | +11.18 | $183 |
| Shareholders Equity ($M) | ▲ | $20 | +2.99 | $17 |
| Tang. Book Value ($M) | ▲ | $20 | +2.99 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +2.48 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 73.12% | +1.60 | 71.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.29% | +0.29 | 0.01% |
| Allowance / Loans (%) | — | 1.12% | -0.10% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.46% | +0.45 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.37M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 3.02% | 3.02% | 3.20% | 3.34% | 3.46% | 3.45% | 3.56% | 3.80% |
| ▁▁▃▄▅▅██ | Return on Assets (%) | 0.49% | 0.50% | 0.66% | 0.70% | 0.77% | 0.78% | 1.00% | 1.02% |
| ██▇▆▅▅▁▁ | Efficiency Ratio (%) | 82.1% | 81.5% | 79.4% | 77.5% | 75.7% | 75.3% | 68.5% | 68.5% |
| █▇█▅▄▃▄▁ | Cost of Funds (%) | 2.18% | 2.13% | 2.23% | 1.93% | 1.85% | 1.78% | 1.80% | 1.53% |
| ▁▁▁▁▁█▇▇ | NPA / Assets (%) | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.38% | 0.32% | 0.29% |
| ▁▁▁▁▁█▇▆ | Net Charge-Off Ratio (%) | 0.02% | 0.02% | 0.02% | 0.01% | 0.00% | 0.68% | 0.53% | 0.46% |
| ▃▁▁▃▆█▆█ | Tang. Book Value ($M) | $17 | $16 | $16 | $17 | $18 | $20 | $19 | $20 |
| ▁▁▁▂▃▂▄█ | Gross Loans ($M) | $131 | $132 | $131 | $133 | $134 | $134 | $137 | $144 |
| ▃█▃▂▁▇▂▅ | Total Deposits ($M) | $186 | $204 | $187 | $183 | $180 | $200 | $186 | $194 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 4% |
| Agricultural | 2% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 8% |