Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.69% | +0.32 | 1.37% |
| Return on Equity (%) | ▲ | 20.83% | +3.38 | 17.45% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.45 | 3.31% |
| Efficiency Ratio (%) | ▲ | 59.38% | -6.06 | 65.45% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.48 | $1 |
| Cost of Funds (%) | ▲ | 1.76% | -0.02 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $381 | +20.11 | $361 |
| Gross Loans ($M) | ▲ | $272 | +34.69 | $237 |
| Loan Growth YoY (%) | ▲ | 80.16% | +5.28 | 74.87% |
| Total Deposits ($M) | ▲ | $336 | +22.37 | $314 |
| Shareholders Equity ($M) | ▲ | $32 | +2.73 | $29 |
| Tang. Book Value ($M) | ▲ | $32 | +2.76 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +2.36 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 80.16% | +5.28 | 74.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.13% | +0.38 | 0.75% |
| Allowance / Loans (%) | — | 0.97% | -0.06% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 1.58% | +0.44 | 1.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.44% | -0.78 | 13.22% |
Noninterest income ($0.83M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▇▇▇█ | Net Interest Margin (%) | 2.94% | 3.03% | 3.28% | 3.31% | 3.63% | 3.63% | 3.64% | 3.76% |
| ▁▁▄▆▆▄██ | Return on Assets (%) | 0.82% | 0.79% | 1.24% | 1.37% | 1.36% | 1.14% | 1.58% | 1.69% |
| ██▄▃▄▆▁▁ | Efficiency Ratio (%) | 75.9% | 77.2% | 68.2% | 65.4% | 67.3% | 72.2% | 61.5% | 59.4% |
| █▄▂▄▅▁▁▃ | Cost of Funds (%) | 1.94% | 1.80% | 1.73% | 1.78% | 1.81% | 1.70% | 1.67% | 1.76% |
| ▄▆▅▅▁█▇█ | NPA / Assets (%) | 0.65% | 0.91% | 0.78% | 0.75% | 0.27% | 1.15% | 1.01% | 1.13% |
| ▄▆▅▅▁█▇█ | Net Charge-Off Ratio (%) | 1.01% | 1.39% | 1.23% | 1.14% | 0.41% | 1.72% | 1.50% | 1.58% |
| ▂▁▂▅▇▇▇█ | Tang. Book Value ($M) | $27 | $26 | $27 | $29 | $31 | $31 | $31 | $32 |
| ▁▂▁▃▅▆██ | Gross Loans ($M) | $219 | $227 | $223 | $237 | $247 | $255 | $266 | $272 |
| ▁▂▂▄▅▇█▇ | Total Deposits ($M) | $293 | $302 | $305 | $314 | $322 | $331 | $343 | $336 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 16% |
| Agricultural | 7% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 7% |