Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.00% | +0.30 | 1.71% |
| Return on Equity (%) | ▲ | 19.22% | +1.98 | 17.24% |
| Net Interest Margin (%) | ▲ | 4.48% | +0.28 | 4.20% |
| Efficiency Ratio (%) | ▲ | 57.64% | -1.81 | 59.45% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.52 | $3 |
| Cost of Funds (%) | ▲ | 1.41% | -0.13 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $570 | +18.77 | $551 |
| Gross Loans ($M) | ▲ | $438 | +15.07 | $423 |
| Loan Growth YoY (%) | ▲ | 85.04% | +0.88 | 84.16% |
| Total Deposits ($M) | ▲ | $506 | +12.45 | $494 |
| Shareholders Equity ($M) | ▲ | $60 | +5.41 | $54 |
| Tang. Book Value ($M) | ▲ | $50 | +5.48 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +5.74 | $49 |
| Loan / Deposit Ratio (%) | ▲ | 85.04% | +0.88 | 84.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.03 | 0.15% |
| Allowance / Loans (%) | — | 1.61% | -0.02% | 1.64% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.04 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▆██ | Net Interest Margin (%) | 3.98% | 4.01% | 4.09% | 4.20% | 4.30% | 4.34% | 4.42% | 4.48% |
| ▁▁▂▅▆▅▆█ | Return on Assets (%) | 1.44% | 1.38% | 1.52% | 1.71% | 1.81% | 1.74% | 1.81% | 2.00% |
| ▆█▄▃▂▅▅▁ | Efficiency Ratio (%) | 61.3% | 62.8% | 60.1% | 59.5% | 58.3% | 60.8% | 60.4% | 57.6% |
| █▇▆▄▇▅▃▁ | Cost of Funds (%) | 1.72% | 1.65% | 1.61% | 1.55% | 1.68% | 1.59% | 1.50% | 1.41% |
| ▂▃█▃▁▁▃▂ | NPA / Assets (%) | 0.09% | 0.16% | 0.39% | 0.15% | 0.05% | 0.08% | 0.15% | 0.12% |
| ▂▃█▃▁▁▃▂ | Net Charge-Off Ratio (%) | 0.13% | 0.21% | 0.52% | 0.20% | 0.06% | 0.10% | 0.19% | 0.16% |
| ▂▁▂▃▆▇▇█ | Tang. Book Value ($M) | $44 | $42 | $44 | $45 | $48 | $49 | $48 | $50 |
| ▁▂▂▆▇▇▆█ | Gross Loans ($M) | $392 | $398 | $399 | $423 | $430 | $431 | $423 | $438 |
| ▁▂▃▆▆▇▆█ | Total Deposits ($M) | $460 | $468 | $475 | $494 | $494 | $495 | $493 | $506 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 13% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 6% |