Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.60% | +0.39 | 1.21% |
| Return on Equity (%) | ▲ | 13.00% | +2.17 | 10.83% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.50 | 3.63% |
| Efficiency Ratio (%) | ▲ | 61.62% | -4.35 | 65.97% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.64 | $3 |
| Cost of Funds (%) | ▲ | 1.56% | -0.18 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $846 | +25.00 | $821 |
| Gross Loans ($M) | ▲ | $695 | +10.94 | $685 |
| Loan Growth YoY (%) | ▼ | 96.47% | -4.04 | 100.51% |
| Total Deposits ($M) | ▲ | $713 | +39.11 | $674 |
| Shareholders Equity ($M) | ▲ | $106 | +10.22 | $95 |
| Tang. Book Value ($M) | ▲ | $102 | +10.32 | $91 |
| TBV excl. AOCI ($M)** | ▲ | $107 | +11.13 | $96 |
| Loan / Deposit Ratio (%) | ▼ | 96.47% | -4.04 | 100.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.82% | +0.66 | 0.16% |
| Allowance / Loans (%) | — | 1.14% | 0.04% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 1.00% | +0.82 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.50M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▆██ | Net Interest Margin (%) | 3.10% | 3.16% | 3.44% | 3.63% | 3.75% | 3.86% | 4.10% | 4.14% |
| ▁▁▃▄▅▆██ | Return on Assets (%) | 0.84% | 0.88% | 1.10% | 1.21% | 1.31% | 1.39% | 1.54% | 1.60% |
| ██▆▄▂▂▁▁ | Efficiency Ratio (%) | 72.5% | 71.4% | 68.8% | 66.0% | 64.0% | 63.1% | 62.9% | 61.6% |
| █▇▅▄▃▂▁▁ | Cost of Funds (%) | 2.04% | 1.95% | 1.78% | 1.74% | 1.70% | 1.62% | 1.50% | 1.56% |
| █▅▂▁▄▃▃▇ | NPA / Assets (%) | 1.00% | 0.60% | 0.33% | 0.16% | 0.52% | 0.38% | 0.37% | 0.82% |
| █▂▂▁▄▃▂▆ | Net Charge-Off Ratio (%) | 1.29% | 0.38% | 0.40% | 0.18% | 0.62% | 0.46% | 0.45% | 1.00% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $86 | $86 | $89 | $91 | $95 | $97 | $99 | $102 |
| ▁▁▅▇█▆▇█ | Gross Loans ($M) | $645 | $645 | $676 | $685 | $692 | $682 | $685 | $695 |
| ▂▁▇▄▅▆██ | Total Deposits ($M) | $653 | $642 | $697 | $674 | $678 | $689 | $705 | $713 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 16% |
| Agricultural | 16% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 22% |