Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.14 | 1.18% |
| Return on Equity (%) | ▲ | 8.49% | +0.56 | 7.93% |
| Net Interest Margin (%) | ▲ | 4.73% | +0.17 | 4.56% |
| Efficiency Ratio (%) | ▲ | 67.30% | -3.44 | 70.74% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.05 | $2 |
| Cost of Funds (%) | ▼ | 1.65% | +0.09 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $574 | +47.87 | $526 |
| Gross Loans ($M) | ▲ | $428 | +56.36 | $371 |
| Loan Growth YoY (%) | ▲ | 92.48% | +9.13 | 83.35% |
| Total Deposits ($M) | ▲ | $459 | +17.50 | $441 |
| Shareholders Equity ($M) | ▲ | $93 | +10.53 | $83 |
| Tang. Book Value ($M) | ▲ | $93 | +10.53 | $83 |
| TBV excl. AOCI ($M)** | ▲ | $97 | +10.24 | $86 |
| Loan / Deposit Ratio (%) | ▲ | 92.48% | +9.13 | 83.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.20% | -0.77 | 2.97% |
| Allowance / Loans (%) | — | 0.74% | -0.15% | 0.89% |
| Net Charge-Off Ratio (%) | ▲ | 0.61% | -0.68 | 1.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.96M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▇▆██ | Net Interest Margin (%) | 4.23% | 4.24% | 4.44% | 4.56% | 4.66% | 4.64% | 4.79% | 4.73% |
| ▁▁▁▂▃▁█▄ | Return on Assets (%) | 1.15% | 1.11% | 1.15% | 1.18% | 1.25% | 1.10% | 1.59% | 1.32% |
| ▆█▇▇▆█▁▄ | Efficiency Ratio (%) | 70.2% | 73.5% | 70.7% | 70.7% | 69.6% | 73.8% | 61.2% | 67.3% |
| █▃▃▂▃▁▁▄ | Cost of Funds (%) | 1.85% | 1.61% | 1.60% | 1.56% | 1.60% | 1.51% | 1.52% | 1.65% |
| █▆▆▇▆▅▃▁ | NPA / Assets (%) | 3.17% | 2.85% | 2.92% | 2.97% | 2.86% | 2.70% | 2.46% | 2.20% |
| █▄▄▃▂▃▁▁ | Net Charge-Off Ratio (%) | 3.08% | 1.65% | 1.61% | 1.29% | 1.13% | 1.33% | 0.92% | 0.61% |
| ▁▁▃▄▅▆██ | Tang. Book Value ($M) | $75 | $74 | $81 | $83 | $85 | $87 | $91 | $93 |
| ▁▁▁▃▃▆▇█ | Gross Loans ($M) | $351 | $357 | $357 | $371 | $375 | $407 | $411 | $428 |
| ▁▇▃▂▂█▆▅ | Total Deposits ($M) | $431 | $471 | $444 | $441 | $440 | $478 | $461 | $459 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 3% |