Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.94% | +0.23 | 1.71% |
| Return on Equity (%) | ▲ | 20.60% | +3.00 | 17.60% |
| Net Interest Margin (%) | ▼ | 4.80% | -0.22 | 5.02% |
| Efficiency Ratio (%) | ▲ | 55.38% | -3.46 | 58.83% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.32 | $2 |
| Cost of Funds (%) | ▼ | 1.47% | +0.25 | 1.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $410 | +52.80 | $357 |
| Gross Loans ($M) | ▲ | $305 | +44.21 | $261 |
| Loan Growth YoY (%) | ▲ | 83.29% | +1.99 | 81.31% |
| Total Deposits ($M) | ▲ | $362 | +45.19 | $316 |
| Shareholders Equity ($M) | ▲ | $39 | +2.41 | $36 |
| Tang. Book Value ($M) | ▲ | $39 | +2.41 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +2.30 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 83.29% | +1.99 | 81.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.09 | 0.12% |
| Allowance / Loans (%) | — | 1.28% | -0.11% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.01 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.43% | -1.86 | 16.30% |
Noninterest income ($1.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▅▄▆▆█▁▁ | Net Interest Margin (%) | 4.88% | 5.00% | 4.94% | 5.02% | 5.05% | 5.15% | 4.83% | 4.80% |
| ▁▁▁▂▄▄█▇ | Return on Assets (%) | 1.64% | 1.64% | 1.62% | 1.71% | 1.79% | 1.77% | 2.02% | 1.94% |
| ▇█▇▆▄▆▁▂ | Efficiency Ratio (%) | 60.0% | 61.3% | 60.0% | 58.8% | 57.4% | 58.8% | 54.0% | 55.4% |
| ▂▃▁▂▆▃▄█ | Cost of Funds (%) | 1.21% | 1.26% | 1.17% | 1.22% | 1.36% | 1.27% | 1.31% | 1.47% |
| ▂▁▂█▆▆▁▁ | NPA / Assets (%) | 0.04% | 0.03% | 0.05% | 0.12% | 0.09% | 0.10% | 0.03% | 0.03% |
| ▃▁▄▁█▃▁▁ | Net Charge-Off Ratio (%) | 0.06% | 0.04% | 0.07% | 0.03% | 0.12% | 0.06% | 0.04% | 0.04% |
| ▃▁▃▅▄▆▆█ | Tang. Book Value ($M) | $35 | $33 | $34 | $36 | $35 | $37 | $37 | $39 |
| ▁▁▂▃▅▇██ | Gross Loans ($M) | $237 | $238 | $248 | $261 | $275 | $289 | $301 | $305 |
| ▄▁▃▂▄▃██ | Total Deposits ($M) | $329 | $308 | $322 | $316 | $335 | $328 | $363 | $362 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 7% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 20% |