Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +1.19 | 0.27% |
| Return on Equity (%) | ▲ | 10.90% | +8.38 | 2.52% |
| Net Interest Margin (%) | ▼ | 4.42% | -0.12 | 4.54% |
| Efficiency Ratio (%) | ▼ | 53.42% | +3.27 | 50.15% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.02 | $1 |
| Cost of Funds (%) | ▲ | 1.46% | -0.09 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $124 | +16.28 | $108 |
| Gross Loans ($M) | ▲ | $70 | +11.26 | $59 |
| Loan Growth YoY (%) | ▲ | 67.41% | +4.70 | 62.71% |
| Total Deposits ($M) | ▲ | $103 | +10.26 | $92 |
| Shareholders Equity ($M) | ▲ | $16 | +1.21 | $15 |
| Tang. Book Value ($M) | ▲ | $11 | +1.49 | $10 |
| TBV excl. AOCI ($M)** | ▲ | $13 | +1.68 | $11 |
| Loan / Deposit Ratio (%) | ▲ | 67.41% | +4.70 | 62.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.70% | +1.48 | 2.23% |
| Allowance / Loans (%) | — | 1.70% | -0.31% | 2.01% |
| Net Charge-Off Ratio (%) | ▼ | 6.42% | +2.50 | 3.92% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁███▇▇▇ | Net Interest Margin (%) | 2.73% | 2.78% | 4.46% | 4.54% | 4.68% | 4.42% | 4.37% | 4.42% |
| ▃▃▁▅▆███ | Return on Assets (%) | -0.11% | -0.21% | -1.06% | 0.27% | 0.75% | 1.53% | 1.43% | 1.46% |
| ██▁▁▁▁▁▁ | Efficiency Ratio (%) | 101.3% | 104.8% | 49.6% | 50.1% | 51.2% | 54.6% | 53.7% | 53.4% |
| █▆▄▃▁▁▁▂ | Cost of Funds (%) | 2.00% | 1.79% | 1.65% | 1.55% | 1.32% | 1.34% | 1.37% | 1.46% |
| ▁▁▁▅▅▄▄█ | NPA / Assets (%) | 0.44% | 0.44% | 0.38% | 2.23% | 2.08% | 2.01% | 2.03% | 3.70% |
| ▁▁▁▅▅▅▅█ | Net Charge-Off Ratio (%) | 0.68% | 0.66% | 0.58% | 3.92% | 3.78% | 3.68% | 3.51% | 6.42% |
| ▂▁▆▆████ | Tang. Book Value ($M) | $7 | $6 | $9 | $10 | $11 | $11 | $11 | $11 |
| ▂▂▁▂▃▅▆█ | Gross Loans ($M) | $59 | $60 | $57 | $59 | $61 | $63 | $67 | $70 |
| █▇▃▁▁▅▄▇ | Total Deposits ($M) | $106 | $103 | $97 | $92 | $93 | $99 | $98 | $103 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 24% |
| Agricultural | 3% |
| Consumer | 10% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 10% |