Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.70 | 0.54% |
| Return on Equity (%) | ▲ | 14.30% | +7.48 | 6.82% |
| Net Interest Margin (%) | ▼ | 3.21% | -0.05 | 3.26% |
| Efficiency Ratio (%) | ▲ | 63.43% | -6.66 | 70.09% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.25 | $2 |
| Cost of Funds (%) | ▲ | 1.47% | -0.04 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $622 | +47.95 | $574 |
| Gross Loans ($M) | ▲ | $258 | +0.97 | $257 |
| Loan Growth YoY (%) | ▼ | 49.37% | -4.13 | 53.50% |
| Total Deposits ($M) | ▲ | $515 | +41.53 | $473 |
| Shareholders Equity ($M) | ▲ | $54 | +7.50 | $47 |
| Tang. Book Value ($M) | ▲ | $54 | +7.50 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +8.84 | $59 |
| Loan / Deposit Ratio (%) | ▼ | 49.37% | -4.13 | 53.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.81% | +0.01 | 1.80% |
| Allowance / Loans (%) | — | 1.36% | 0.01% | 1.35% |
| Net Charge-Off Ratio (%) | ▲ | 3.55% | -0.49 | 4.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▄▅█▇▁▄ | Net Interest Margin (%) | 3.34% | 3.31% | 3.21% | 3.26% | 3.33% | 3.30% | 3.13% | 3.21% |
| ▆▅▁▃▃▄▆█ | Return on Assets (%) | 0.89% | 0.82% | 0.16% | 0.54% | 0.56% | 0.63% | 0.85% | 1.23% |
| ▇██████▁ | Efficiency Ratio (%) | 69.5% | 70.2% | 70.2% | 70.1% | 70.2% | 70.6% | 70.4% | 63.4% |
| █▅▇▄█▁▃▁ | Cost of Funds (%) | 1.56% | 1.52% | 1.54% | 1.51% | 1.55% | 1.48% | 1.50% | 1.47% |
| ▁▆▇█▄███ | NPA / Assets (%) | 0.31% | 1.44% | 1.68% | 1.80% | 1.03% | 1.94% | 1.95% | 1.81% |
| ▁▆▇█▄██▇ | Net Charge-Off Ratio (%) | 0.65% | 3.13% | 3.67% | 4.03% | 2.30% | 4.30% | 4.28% | 3.55% |
| ▄▁▂▄▆▇▇█ | Tang. Book Value ($M) | $47 | $42 | $45 | $47 | $51 | $52 | $52 | $54 |
| ▆█▆▆▇▁▁▇ | Gross Loans ($M) | $257 | $259 | $257 | $257 | $258 | $252 | $253 | $258 |
| ▁▃▂▄▃▇▇█ | Total Deposits ($M) | $446 | $465 | $462 | $473 | $469 | $505 | $502 | $515 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 23% |
| Agricultural | 15% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 7% |