Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.51% | -3.26 | 3.77% |
| Return on Equity (%) | ▼ | 4.07% | -31.84 | 35.91% |
| Net Interest Margin (%) | ▼ | 6.81% | -0.22 | 7.03% |
| Efficiency Ratio (%) | ▼ | 92.87% | +34.35 | 58.52% |
| Pre-Provision Profit ($M) | ▼ | $1 | -4.47 | $5 |
| Cost of Funds (%) | ▲ | 2.12% | -0.18 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $292 | +29.50 | $263 |
| Gross Loans ($M) | ▲ | $217 | +14.14 | $203 |
| Loan Growth YoY (%) | ▼ | 87.91% | -2.62 | 90.54% |
| Total Deposits ($M) | ▲ | $242 | +22.10 | $220 |
| Shareholders Equity ($M) | ▼ | $34 | -2.21 | $36 |
| Tang. Book Value ($M) | ▼ | $29 | -1.68 | $31 |
| TBV excl. AOCI ($M)** | ▼ | $31 | -0.69 | $31 |
| Loan / Deposit Ratio (%) | ▼ | 87.91% | -2.62 | 90.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.52% | -0.10 | 2.62% |
| Allowance / Loans (%) | — | 2.17% | 0.08% | 2.09% |
| Net Charge-Off Ratio (%) | — | 3.39% | 0.00 | 3.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.12% | -1.68 | 14.81% |
Noninterest income ($1.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▆▇██▄▆ | Net Interest Margin (%) | 5.85% | 6.23% | 6.93% | 7.03% | 7.22% | 7.31% | 6.56% | 6.81% |
| ▁▂▃█▇▄▁▁ | Return on Assets (%) | 0.49% | 0.90% | 1.39% | 3.77% | 2.92% | 1.79% | 0.31% | 0.51% |
| ▆▅▄▁▂▃██ | Efficiency Ratio (%) | 85.3% | 78.7% | 73.9% | 58.5% | 64.9% | 69.0% | 95.8% | 92.9% |
| ▁█▆▄▁▂▁▁ | Cost of Funds (%) | 2.08% | 2.61% | 2.44% | 2.31% | 2.07% | 2.20% | 2.09% | 2.12% |
| ▁▁▂▄▇▆█▄ | NPA / Assets (%) | 1.36% | 1.57% | 1.73% | 2.62% | 3.86% | 3.35% | 4.24% | 2.52% |
| ▁▁▁▄█▆█▄ | Net Charge-Off Ratio (%) | 1.65% | 1.98% | 2.02% | 3.39% | 5.17% | 4.24% | 5.24% | 3.39% |
| ▁▁▃▇█▇▇▆ | Tang. Book Value ($M) | $23 | $24 | $26 | $31 | $32 | $31 | $30 | $29 |
| ▇█▇▁▁▂▃▂ | Gross Loans ($M) | $254 | $263 | $251 | $203 | $209 | $216 | $220 | $217 |
| ▆██▁▂▁▁▃ | Total Deposits ($M) | $273 | $293 | $289 | $220 | $232 | $223 | $224 | $242 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 41% |
| C&I / Commercial | 53% |
| Agricultural | 1% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 31% |