Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.94% | -0.04 | 0.99% |
| Return on Equity (%) | ▼ | 11.36% | -3.58 | 14.94% |
| Net Interest Margin (%) | ▲ | 3.11% | +0.25 | 2.86% |
| Efficiency Ratio (%) | ▲ | 69.29% | -3.08 | 72.37% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.03 | $1 |
| Cost of Funds (%) | ▲ | 1.25% | -0.19 | 1.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $190 | +2.07 | $188 |
| Gross Loans ($M) | ▲ | $109 | +9.08 | $100 |
| Loan Growth YoY (%) | ▲ | 64.59% | +5.97 | 58.62% |
| Total Deposits ($M) | ▼ | $167 | -1.39 | $168 |
| Shareholders Equity ($M) | ▲ | $16 | +2.96 | $13 |
| Tang. Book Value ($M) | ▲ | $14 | +2.97 | $11 |
| TBV excl. AOCI ($M)** | ▲ | $17 | +2.92 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 64.59% | +5.97 | 58.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.51% | +0.41 | 1.11% |
| Allowance / Loans (%) | — | 1.17% | -0.19% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 2.64% | +0.55 | 2.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.80% | +0.04 | 13.75% |
Noninterest income ($0.55M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▄█▆ | Net Interest Margin (%) | 2.63% | 2.62% | 2.77% | 2.86% | 2.91% | 2.95% | 3.29% | 3.11% |
| ▁▁▁▃▄▅█▃ | Return on Assets (%) | 0.84% | 0.80% | 0.85% | 0.99% | 1.03% | 1.06% | 1.31% | 0.94% |
| ▇▇█▆▅▅▁▃ | Efficiency Ratio (%) | 73.5% | 73.6% | 74.9% | 72.4% | 71.6% | 70.9% | 66.7% | 69.3% |
| ▇█▅▄▃▃▁▁ | Cost of Funds (%) | 1.66% | 1.74% | 1.51% | 1.44% | 1.40% | 1.38% | 1.29% | 1.25% |
| ▂▁▁▃▁▁█▅ | NPA / Assets (%) | 0.84% | 0.69% | 0.68% | 1.11% | 0.68% | 0.66% | 2.04% | 1.51% |
| ▂▁▁▄▁▁█▆ | Net Charge-Off Ratio (%) | 1.55% | 1.24% | 1.32% | 2.09% | 1.23% | 1.18% | 3.51% | 2.64% |
| ▄▁▃▃▇███ | Tang. Book Value ($M) | $11 | $9 | $11 | $11 | $13 | $13 | $14 | $14 |
| ▅▅▁▁▄▇█▇ | Gross Loans ($M) | $106 | $107 | $100 | $100 | $105 | $110 | $112 | $109 |
| ██▇▂▃█▃▁ | Total Deposits ($M) | $174 | $173 | $172 | $168 | $169 | $173 | $169 | $167 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 14% |
| Agricultural | 8% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 10% |