Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.57% | +0.27 | 1.29% |
| Return on Equity (%) | ▲ | 11.96% | +1.78 | 10.18% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.27 | 3.76% |
| Efficiency Ratio (%) | ▲ | 51.46% | -2.95 | 54.41% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.75 | $4 |
| Cost of Funds (%) | ▲ | 2.02% | -0.25 | 2.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $804 | +52.76 | $751 |
| Gross Loans ($M) | ▲ | $690 | +50.49 | $639 |
| Loan Growth YoY (%) | ▲ | 104.99% | +4.83 | 100.16% |
| Total Deposits ($M) | ▲ | $651 | +19.00 | $632 |
| Shareholders Equity ($M) | ▲ | $107 | +9.55 | $98 |
| Tang. Book Value ($M) | ▲ | $107 | +9.55 | $98 |
| Loan / Deposit Ratio (%) | ▲ | 104.99% | +4.83 | 100.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.93% | +0.67 | 0.26% |
| Allowance / Loans (%) | — | 0.93% | -0.07% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 1.08% | +0.78 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▄▅▆▇█ | Net Interest Margin (%) | 3.53% | 3.60% | 3.73% | 3.76% | 3.81% | 3.86% | 3.96% | 4.03% |
| ▁▃▁▂▃▄██ | Return on Assets (%) | 1.20% | 1.32% | 1.23% | 1.29% | 1.34% | 1.39% | 1.60% | 1.57% |
| █▅▇▅▃▃▁▁ | Efficiency Ratio (%) | 57.3% | 54.8% | 56.1% | 54.4% | 53.5% | 53.2% | 51.7% | 51.5% |
| █▅▄▅▅▁▁▁ | Cost of Funds (%) | 2.47% | 2.27% | 2.22% | 2.28% | 2.24% | 2.04% | 2.02% | 2.02% |
| █▁▁▁▁▂▄▆ | NPA / Assets (%) | 1.23% | 0.29% | 0.27% | 0.26% | 0.37% | 0.48% | 0.70% | 0.93% |
| █▁▁▁▁▂▄▆ | Net Charge-Off Ratio (%) | 1.36% | 0.33% | 0.32% | 0.30% | 0.43% | 0.55% | 0.82% | 1.08% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $92 | $94 | $96 | $98 | $100 | $103 | $105 | $107 |
| ▁▃▁▁▄█▇▇ | Gross Loans ($M) | $634 | $653 | $640 | $639 | $662 | $699 | $689 | $690 |
| ▁▁▇▄█▆█▇ | Total Deposits ($M) | $609 | $606 | $649 | $632 | $659 | $642 | $660 | $651 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 15% |
| Agricultural | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 7% |