Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.14 | 1.18% |
| Return on Equity (%) | ▲ | 12.17% | +0.03 | 12.14% |
| Net Interest Margin (%) | ▲ | 3.66% | +0.31 | 3.35% |
| Efficiency Ratio (%) | ▲ | 65.67% | -0.21 | 65.88% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.18 | $3 |
| Cost of Funds (%) | ▲ | 1.56% | -0.15 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $738 | +11.07 | $727 |
| Gross Loans ($M) | ▲ | $516 | +3.23 | $513 |
| Loan Growth YoY (%) | ▼ | 79.34% | -1.28 | 80.62% |
| Total Deposits ($M) | ▲ | $640 | +13.31 | $627 |
| Shareholders Equity ($M) | ▲ | $80 | +5.99 | $74 |
| Tang. Book Value ($M) | ▲ | $69 | +6.15 | $63 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +5.91 | $71 |
| Loan / Deposit Ratio (%) | ▼ | 79.34% | -1.28 | 80.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.66% | +0.25 | 0.41% |
| Allowance / Loans (%) | — | 1.52% | 0.13% | 1.40% |
| Net Charge-Off Ratio (%) | ▼ | 0.94% | +0.37 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.88% | +0.15 | 12.73% |
Noninterest income ($1.50M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▆██ | Net Interest Margin (%) | 2.95% | 2.97% | 3.18% | 3.35% | 3.40% | 3.45% | 3.62% | 3.66% |
| ▁▁▁▆▆▇▅█ | Return on Assets (%) | 0.93% | 0.92% | 0.94% | 1.18% | 1.19% | 1.23% | 1.15% | 1.31% |
| ▇▆█▁▂▁█▁ | Efficiency Ratio (%) | 69.7% | 69.0% | 70.6% | 65.9% | 66.2% | 65.4% | 70.0% | 65.7% |
| ██▆▄▃▁▁▁ | Cost of Funds (%) | 1.96% | 1.96% | 1.83% | 1.72% | 1.66% | 1.61% | 1.57% | 1.56% |
| ▁▃▂▁█▁▂▃ | NPA / Assets (%) | 0.46% | 0.59% | 0.53% | 0.41% | 1.17% | 0.38% | 0.51% | 0.66% |
| ▁▃▂▁█▁▂▃ | Net Charge-Off Ratio (%) | 0.65% | 0.83% | 0.75% | 0.58% | 1.69% | 0.53% | 0.72% | 0.94% |
| ▁▁▂▄▆█▇█ | Tang. Book Value ($M) | $59 | $58 | $60 | $63 | $66 | $69 | $67 | $69 |
| ██▆▃▁▆▃▄ | Gross Loans ($M) | $532 | $534 | $523 | $513 | $502 | $523 | $513 | $516 |
| ▄██▅▁█▆█ | Total Deposits ($M) | $621 | $637 | $637 | $627 | $609 | $638 | $630 | $640 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 18% |
| Agricultural | 10% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 11% |