Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.26% | +0.65 | 1.61% |
| Return on Equity (%) | ▲ | 20.73% | +4.63 | 16.10% |
| Net Interest Margin (%) | ▲ | 4.44% | +0.62 | 3.82% |
| Efficiency Ratio (%) | ▲ | 52.20% | -5.54 | 57.74% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.48 | $2 |
| Cost of Funds (%) | ▲ | 1.45% | -0.41 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $597 | +33.88 | $564 |
| Gross Loans ($M) | ▲ | $468 | +45.37 | $423 |
| Loan Growth YoY (%) | ▲ | 92.52% | +2.22 | 90.30% |
| Total Deposits ($M) | ▲ | $501 | +37.46 | $463 |
| Shareholders Equity ($M) | ▲ | $66 | +7.79 | $58 |
| Tang. Book Value ($M) | ▲ | $63 | +7.79 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $67 | +7.58 | $59 |
| Loan / Deposit Ratio (%) | ▲ | 92.52% | +2.22 | 90.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.03 | 0.03% |
| Allowance / Loans (%) | — | 1.04% | -0.01% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.07% | +0.03 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.45M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄██ | Net Interest Margin (%) | 3.65% | 3.65% | 3.69% | 3.82% | 3.92% | 4.03% | 4.36% | 4.44% |
| ▁▃▂▂▃▂▆█ | Return on Assets (%) | 1.47% | 1.67% | 1.60% | 1.61% | 1.67% | 1.59% | 1.97% | 2.26% |
| ▇▅▆▆▆█▄▁ | Efficiency Ratio (%) | 59.0% | 56.5% | 57.5% | 57.7% | 57.5% | 60.2% | 55.5% | 52.2% |
| ███▇▆▄▁▁ | Cost of Funds (%) | 1.93% | 1.97% | 1.94% | 1.87% | 1.81% | 1.68% | 1.50% | 1.45% |
| ▇▆█▁▁▅▇▆ | NPA / Assets (%) | 0.06% | 0.05% | 0.07% | 0.03% | 0.03% | 0.05% | 0.06% | 0.06% |
| ▇▆█▂▁▄▆▆ | Net Charge-Off Ratio (%) | 0.08% | 0.07% | 0.09% | 0.04% | 0.03% | 0.06% | 0.08% | 0.07% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $51 | $52 | $54 | $55 | $58 | $59 | $61 | $63 |
| ▁▁▁▁▃▅██ | Gross Loans ($M) | $422 | $421 | $420 | $423 | $438 | $450 | $468 | $468 |
| ▁▃▃▄▃▇██ | Total Deposits ($M) | $431 | $453 | $456 | $463 | $455 | $491 | $499 | $501 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 10% |
| Agricultural | 12% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 8% |