Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.22% | +0.36 | -0.14% |
| Return on Equity (%) | ▲ | 3.56% | +6.33 | -2.77% |
| Net Interest Margin (%) | ▲ | 2.95% | +0.51 | 2.44% |
| Efficiency Ratio (%) | ▲ | 92.27% | -14.36 | 106.63% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.57 | $-0 |
| Cost of Funds (%) | ▲ | 1.95% | -0.09 | 2.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $456 | -23.18 | $479 |
| Gross Loans ($M) | ▲ | $294 | +11.56 | $282 |
| Loan Growth YoY (%) | ▲ | 71.57% | +6.00 | 65.57% |
| Total Deposits ($M) | ▼ | $406 | -19.72 | $426 |
| Shareholders Equity ($M) | ▲ | $28 | +3.52 | $25 |
| Tang. Book Value ($M) | ▲ | $27 | +3.68 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +3.21 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 71.57% | +6.00 | 65.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.38% | -0.08 | 0.46% |
| Allowance / Loans (%) | — | 1.07% | -0.01% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 0.59% | -0.19 | 0.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.93% | +0.16 | 12.78% |
Noninterest income ($1.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅██ | Net Interest Margin (%) | 2.13% | 2.16% | 2.33% | 2.44% | 2.57% | 2.64% | 2.88% | 2.95% |
| ▂▂▁▂▃▅▇█ | Return on Assets (%) | -0.11% | -0.15% | -0.22% | -0.14% | -0.06% | 0.02% | 0.15% | 0.22% |
| ███▆▅▄▂▁ | Efficiency Ratio (%) | 112.3% | 112.3% | 110.4% | 106.6% | 102.9% | 100.2% | 95.0% | 92.3% |
| █▆▆▃▄▃▁▁ | Cost of Funds (%) | 2.36% | 2.25% | 2.21% | 2.04% | 2.11% | 2.07% | 1.93% | 1.95% |
| ▁▁▁▆█▁▁▁ | NPA / Assets (%) | 0.38% | 0.38% | 0.38% | 0.46% | 0.49% | 0.39% | 0.37% | 0.38% |
| ▄▄▃██▁▁▁ | Net Charge-Off Ratio (%) | 0.67% | 0.66% | 0.66% | 0.78% | 0.79% | 0.60% | 0.58% | 0.59% |
| ▇▁▂▂▆█▇█ | Tang. Book Value ($M) | $26 | $22 | $23 | $24 | $26 | $27 | $26 | $27 |
| ▁▃▂▅▆███ | Gross Loans ($M) | $265 | $273 | $273 | $282 | $286 | $293 | $296 | $294 |
| ▃▅▆█▂▁▅▃ | Total Deposits ($M) | $404 | $414 | $418 | $426 | $400 | $396 | $413 | $406 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 9% |