Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.65% | -0.18 | 1.83% |
| Return on Equity (%) | ▼ | 19.21% | -4.55 | 23.76% |
| Net Interest Margin (%) | ▼ | 3.89% | -0.06 | 3.95% |
| Efficiency Ratio (%) | ▼ | 64.08% | +4.64 | 59.44% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.34 | $2 |
| Cost of Funds (%) | ▲ | 0.73% | -0.07 | 0.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $510 | -4.34 | $514 |
| Gross Loans ($M) | ▲ | $201 | +14.76 | $186 |
| Loan Growth YoY (%) | ▲ | 42.72% | +3.69 | 39.03% |
| Total Deposits ($M) | ▼ | $464 | -6.54 | $471 |
| Shareholders Equity ($M) | ▲ | $43 | +3.10 | $40 |
| Tang. Book Value ($M) | ▲ | $41 | +3.23 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $51 | +4.26 | $46 |
| Loan / Deposit Ratio (%) | ▲ | 42.72% | +3.69 | 39.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.17% | +0.01 | 0.16% |
| Allowance / Loans (%) | — | 1.17% | 0.02% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 0.44% | -0.00 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 22.37% | -0.18 | 22.55% |
Noninterest income ($1.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▃▅▅▁▁ | Net Interest Margin (%) | 4.09% | 4.08% | 3.87% | 3.95% | 3.98% | 3.99% | 3.87% | 3.89% |
| ██▄▆▆▅▁▁ | Return on Assets (%) | 1.92% | 1.92% | 1.76% | 1.83% | 1.83% | 1.79% | 1.64% | 1.65% |
| ▁▁▃▂▃▄██ | Efficiency Ratio (%) | 58.0% | 58.1% | 60.0% | 59.4% | 59.9% | 60.3% | 63.5% | 64.1% |
| ██▃▅▆▅▂▁ | Cost of Funds (%) | 0.83% | 0.84% | 0.77% | 0.80% | 0.81% | 0.79% | 0.75% | 0.73% |
| █▆▄▁▁▄▁▂ | NPA / Assets (%) | 0.28% | 0.24% | 0.21% | 0.16% | 0.14% | 0.20% | 0.15% | 0.17% |
| ▇█▆▃▁▅▁▂ | Net Charge-Off Ratio (%) | 0.55% | 0.58% | 0.53% | 0.44% | 0.40% | 0.50% | 0.39% | 0.44% |
| ▂▁▃▄████ | Tang. Book Value ($M) | $36 | $35 | $37 | $38 | $41 | $42 | $42 | $41 |
| ▃▅▁▁▂█▇▇ | Gross Loans ($M) | $190 | $195 | $185 | $186 | $187 | $203 | $200 | $201 |
| ▁▁▇█▇▅▆▇ | Total Deposits ($M) | $440 | $437 | $466 | $471 | $465 | $456 | $459 | $464 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 3% |
| Agricultural | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 13% |