Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.28% | +0.14 | 1.14% |
| Return on Equity (%) | ▼ | 12.73% | -0.62 | 13.35% |
| Net Interest Margin (%) | ▲ | 3.59% | +0.22 | 3.37% |
| Efficiency Ratio (%) | ▲ | 54.87% | -3.49 | 58.36% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.46 | $4 |
| Cost of Funds (%) | ▲ | 1.76% | -0.32 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $929 | -17.64 | $947 |
| Gross Loans ($M) | ▲ | $604 | +8.58 | $595 |
| Loan Growth YoY (%) | ▲ | 74.00% | +2.42 | 71.58% |
| Total Deposits ($M) | ▼ | $806 | -15.64 | $822 |
| Shareholders Equity ($M) | ▲ | $98 | +13.61 | $84 |
| Tang. Book Value ($M) | ▲ | $91 | +13.61 | $77 |
| TBV excl. AOCI ($M)** | ▲ | $102 | +13.51 | $88 |
| Loan / Deposit Ratio (%) | ▲ | 74.00% | +2.42 | 71.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.74% | -0.03 | 0.77% |
| Allowance / Loans (%) | — | 1.18% | 0.03% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 0.44% | -0.45 | 0.89% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.85M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▅██ | Net Interest Margin (%) | 3.01% | 3.04% | 3.27% | 3.37% | 3.39% | 3.37% | 3.53% | 3.59% |
| ▁▁▂▅▅▄██ | Return on Assets (%) | 0.98% | 0.95% | 1.02% | 1.14% | 1.13% | 1.11% | 1.28% | 1.28% |
| ██▆▄▃▄▁▁ | Efficiency Ratio (%) | 62.1% | 62.8% | 60.5% | 58.4% | 57.8% | 58.3% | 55.7% | 54.9% |
| █▅▆▆▅▂▁▁ | Cost of Funds (%) | 2.27% | 2.04% | 2.10% | 2.08% | 2.06% | 1.83% | 1.73% | 1.76% |
| ▁█████▇▇ | NPA / Assets (%) | 0.34% | 0.76% | 0.81% | 0.77% | 0.81% | 0.77% | 0.72% | 0.74% |
| ▃▇█▇█▁▁▁ | Net Charge-Off Ratio (%) | 0.57% | 0.91% | 0.95% | 0.89% | 1.00% | 0.45% | 0.40% | 0.44% |
| ▃▁▃▃▆▇██ | Tang. Book Value ($M) | $77 | $70 | $76 | $77 | $85 | $87 | $89 | $91 |
| ▁▇▅▇▅▄▅█ | Gross Loans ($M) | $558 | $593 | $586 | $595 | $586 | $579 | $587 | $604 |
| ▁▆▃▃▃█▂▂ | Total Deposits ($M) | $787 | $854 | $812 | $822 | $823 | $885 | $808 | $806 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Agricultural | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 16% |