Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.22 | 0.91% |
| Return on Equity (%) | ▲ | 14.13% | +1.25 | 12.88% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.54 | 3.34% |
| Efficiency Ratio (%) | ▲ | 71.81% | -1.20 | 73.00% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.03 | $1 |
| Cost of Funds (%) | ▲ | 1.01% | -0.25 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $446 | +18.33 | $427 |
| Gross Loans ($M) | ▲ | $300 | +10.05 | $290 |
| Loan Growth YoY (%) | ▼ | 72.86% | -0.15 | 73.02% |
| Total Deposits ($M) | ▲ | $407 | +14.22 | $393 |
| Shareholders Equity ($M) | ▲ | $35 | +4.01 | $31 |
| Tang. Book Value ($M) | ▲ | $34 | +4.05 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +3.79 | $36 |
| Loan / Deposit Ratio (%) | ▼ | 72.86% | -0.15 | 73.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.14% | -0.14 | 1.28% |
| Allowance / Loans (%) | — | 1.32% | 0.06% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 1.55% | +0.01 | 1.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.36% | +0.23 | 13.13% |
Noninterest income ($1.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▅██ | Net Interest Margin (%) | 3.03% | 3.07% | 3.25% | 3.34% | 3.44% | 3.52% | 3.89% | 3.88% |
| ▁▂▄▄▄▄█▇ | Return on Assets (%) | 0.70% | 0.81% | 0.90% | 0.91% | 0.92% | 0.95% | 1.22% | 1.14% |
| █▆▆▅▄▃▁▃ | Efficiency Ratio (%) | 76.5% | 74.6% | 74.5% | 73.0% | 72.2% | 71.3% | 69.3% | 71.8% |
| █▇▅▅▄▃▂▁ | Cost of Funds (%) | 1.48% | 1.40% | 1.30% | 1.26% | 1.20% | 1.16% | 1.10% | 1.01% |
| ▆▆▇█▄▂▁▅ | NPA / Assets (%) | 1.20% | 1.20% | 1.22% | 1.28% | 1.11% | 1.03% | 0.96% | 1.14% |
| ▇▇▇█▃▁▅█ | Net Charge-Off Ratio (%) | 1.50% | 1.48% | 1.49% | 1.54% | 1.33% | 1.19% | 1.40% | 1.55% |
| ▁▁▁▂▅█▇█ | Tang. Book Value ($M) | $29 | $28 | $29 | $30 | $32 | $33 | $33 | $34 |
| ▂▃▁▃▄▃▄█ | Gross Loans ($M) | $289 | $291 | $287 | $290 | $292 | $291 | $292 | $300 |
| ██▄▂▅▃▁▇ | Total Deposits ($M) | $412 | $410 | $397 | $393 | $402 | $395 | $388 | $407 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 51% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Consumer | 39% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 3% |