Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.68% | +0.12 | 0.55% |
| Return on Equity (%) | ▼ | 13.67% | -2.55 | 16.22% |
| Net Interest Margin (%) | ▲ | 3.78% | +0.27 | 3.51% |
| Efficiency Ratio (%) | ▲ | 81.68% | -5.24 | 86.92% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.34 | $0 |
| Cost of Funds (%) | ▲ | 1.68% | -0.08 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $220 | +14.02 | $206 |
| Gross Loans ($M) | ▲ | $142 | +19.67 | $122 |
| Loan Growth YoY (%) | ▲ | 71.61% | +5.69 | 65.92% |
| Total Deposits ($M) | ▲ | $196 | +12.64 | $183 |
| Shareholders Equity ($M) | ▲ | $11 | +3.38 | $8 |
| Tang. Book Value ($M) | ▲ | $11 | +3.51 | $7 |
| TBV excl. AOCI ($M)** | ▲ | $13 | +3.50 | $10 |
| Loan / Deposit Ratio (%) | ▲ | 71.61% | +5.69 | 65.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.05 | 0.07% |
| Allowance / Loans (%) | — | 1.00% | -0.00% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.12 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.11% | +0.30 | 9.80% |
Noninterest income ($0.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.28% | 3.32% | 3.39% | 3.51% | 3.57% | 3.61% | 3.69% | 3.78% |
| ▁▁▇▇▅▅▇█ | Return on Assets (%) | 0.18% | 0.19% | 0.61% | 0.55% | 0.47% | 0.46% | 0.57% | 0.68% |
| ██▃▃▄▄▃▁ | Efficiency Ratio (%) | 97.2% | 96.6% | 85.6% | 86.9% | 88.4% | 88.4% | 85.7% | 81.7% |
| ▇█▄▃▄▅▃▁ | Cost of Funds (%) | 1.87% | 1.91% | 1.79% | 1.77% | 1.77% | 1.81% | 1.75% | 1.68% |
| █▁▁▁▁▁▁▁ | NPA / Assets (%) | 0.73% | 0.00% | 0.00% | 0.07% | 0.02% | 0.03% | 0.02% | 0.02% |
| █▁▁▂▁▁▁▁ | Net Charge-Off Ratio (%) | 0.68% | 0.00% | 0.00% | 0.12% | 0.03% | 0.02% | 0.00% | 0.00% |
| ▃▁▃▃▇███ | Tang. Book Value ($M) | $7 | $5 | $7 | $7 | $10 | $10 | $10 | $11 |
| ▁▁▃▃▄▅▇█ | Gross Loans ($M) | $112 | $115 | $120 | $122 | $125 | $130 | $135 | $142 |
| ▁▁▄▅▆▆██ | Total Deposits ($M) | $165 | $165 | $180 | $183 | $186 | $185 | $192 | $196 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 14% |
| Agricultural | 3% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 15% |