Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.57% | +0.05 | 1.52% |
| Return on Equity (%) | ▼ | 17.68% | -0.57 | 18.25% |
| Net Interest Margin (%) | ▲ | 4.19% | +0.15 | 4.05% |
| Efficiency Ratio (%) | ▲ | 57.49% | -3.33 | 60.82% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.29 | $1 |
| Cost of Funds (%) | ▲ | 1.97% | -0.00 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $356 | +31.51 | $324 |
| Gross Loans ($M) | ▲ | $280 | +23.93 | $256 |
| Loan Growth YoY (%) | ▼ | 85.82% | -0.01 | 85.83% |
| Total Deposits ($M) | ▲ | $321 | +27.19 | $294 |
| Shareholders Equity ($M) | ▲ | $31 | +4.19 | $27 |
| Tang. Book Value ($M) | ▲ | $31 | +4.19 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +4.02 | $29 |
| Loan / Deposit Ratio (%) | ▼ | 85.82% | -0.01 | 85.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.87% | -0.35 | 1.22% |
| Allowance / Loans (%) | — | 1.77% | 0.08% | 1.69% |
| Net Charge-Off Ratio (%) | ▲ | 1.11% | -0.38 | 1.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▆▇▇██ | Net Interest Margin (%) | 3.59% | 3.71% | 4.06% | 4.05% | 4.10% | 4.14% | 4.23% | 4.19% |
| ▁▂█▇█▇██ | Return on Assets (%) | 1.10% | 1.17% | 1.59% | 1.52% | 1.57% | 1.51% | 1.60% | 1.57% |
| █▇▃▃▃▂▁▁ | Efficiency Ratio (%) | 67.4% | 65.0% | 60.4% | 60.8% | 60.0% | 59.4% | 57.4% | 57.5% |
| █▅▁▁▄▁▁▁ | Cost of Funds (%) | 2.30% | 2.13% | 1.98% | 1.97% | 2.08% | 1.96% | 1.94% | 1.97% |
| ▁▂▃██▆▆▆ | NPA / Assets (%) | 0.18% | 0.32% | 0.57% | 1.22% | 1.29% | 0.91% | 0.96% | 0.87% |
| ▁▂▃██▆▆▆ | Net Charge-Off Ratio (%) | 0.23% | 0.41% | 0.72% | 1.49% | 1.59% | 1.16% | 1.19% | 1.11% |
| ▂▁▂▂▅▇██ | Tang. Book Value ($M) | $27 | $26 | $27 | $27 | $29 | $30 | $30 | $31 |
| ▁▁▁▃▄▆▅█ | Gross Loans ($M) | $247 | $244 | $248 | $256 | $262 | $269 | $266 | $280 |
| ▁▂▁▃▅▆▄█ | Total Deposits ($M) | $279 | $287 | $284 | $294 | $300 | $309 | $295 | $321 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 20% |
| Agricultural | 2% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 20% |