Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.06% | +0.22 | 0.83% |
| Return on Equity (%) | ▲ | 17.00% | +1.90 | 15.10% |
| Net Interest Margin (%) | ▲ | 3.13% | +0.27 | 2.86% |
| Efficiency Ratio (%) | ▲ | 69.06% | -3.98 | 73.03% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.30 | $1 |
| Cost of Funds (%) | ▲ | 1.69% | -0.23 | 1.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $416 | +3.15 | $413 |
| Gross Loans ($M) | ▲ | $191 | +1.53 | $190 |
| Loan Growth YoY (%) | ▼ | 56.48% | -0.16 | 56.64% |
| Total Deposits ($M) | ▲ | $336 | +3.75 | $333 |
| Shareholders Equity ($M) | ▲ | $26 | +3.60 | $23 |
| Tang. Book Value ($M) | ▲ | $26 | +3.60 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +3.76 | $33 |
| Loan / Deposit Ratio (%) | ▼ | 56.48% | -0.16 | 56.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.24% | +0.18 | 0.05% |
| Allowance / Loans (%) | — | 0.80% | -0.02% | 0.83% |
| Net Charge-Off Ratio (%) | ▼ | 0.41% | +0.30 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.58% | +0.15 | 16.44% |
Noninterest income ($0.56M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 2.55% | 2.58% | 2.82% | 2.86% | 2.94% | 2.97% | 3.08% | 3.13% |
| ▁▁▂▃▅▅▇█ | Return on Assets (%) | 0.74% | 0.75% | 0.82% | 0.83% | 0.90% | 0.91% | 1.01% | 1.06% |
| ████▅▅▂▁ | Efficiency Ratio (%) | 73.6% | 73.4% | 73.1% | 73.0% | 71.7% | 71.8% | 69.7% | 69.1% |
| █▇▄▅▄▂▁▁ | Cost of Funds (%) | 2.12% | 2.01% | 1.88% | 1.91% | 1.88% | 1.76% | 1.66% | 1.69% |
| ██▅▁▇▅▆█ | NPA / Assets (%) | 0.25% | 0.26% | 0.16% | 0.05% | 0.22% | 0.16% | 0.20% | 0.24% |
| ██▅▁▇▅▆▆ | Net Charge-Off Ratio (%) | 0.53% | 0.53% | 0.35% | 0.11% | 0.47% | 0.35% | 0.41% | 0.41% |
| ▁▁▄▃▆███ | Tang. Book Value ($M) | $22 | $21 | $23 | $23 | $25 | $26 | $26 | $26 |
| ▁▄▂▆▇███ | Gross Loans ($M) | $184 | $187 | $186 | $190 | $191 | $192 | $191 | $191 |
| ▁▁▆▆▅▇██ | Total Deposits ($M) | $319 | $319 | $333 | $333 | $329 | $336 | $338 | $336 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 11% |