Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.42% | -0.07 | 2.50% |
| Return on Equity (%) | ▼ | 21.56% | -0.92 | 22.48% |
| Net Interest Margin (%) | ▼ | 4.55% | -0.12 | 4.68% |
| Efficiency Ratio (%) | ▲ | 47.79% | -3.12 | 50.91% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.40 | $3 |
| Cost of Funds (%) | ▼ | 1.64% | +0.08 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $459 | +52.62 | $406 |
| Gross Loans ($M) | ▲ | $357 | +26.43 | $330 |
| Loan Growth YoY (%) | ▼ | 90.06% | -7.97 | 98.03% |
| Total Deposits ($M) | ▲ | $392 | +58.75 | $333 |
| Shareholders Equity ($M) | ▲ | $49 | +3.83 | $45 |
| Tang. Book Value ($M) | ▲ | $46 | +3.37 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +4.04 | $44 |
| Loan / Deposit Ratio (%) | ▼ | 90.06% | -7.97 | 98.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.67% | -0.11 | 0.78% |
| Allowance / Loans (%) | — | 1.02% | -0.06% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 0.86% | -0.10 | 0.96% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.17% | -0.48 | 15.65% |
Noninterest income ($1.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▆▇██▃▃ | Net Interest Margin (%) | 4.49% | 4.55% | 4.65% | 4.68% | 4.73% | 4.73% | 4.56% | 4.55% |
| ▆█▅█▇▄▁▇ | Return on Assets (%) | 2.41% | 2.49% | 2.34% | 2.50% | 2.45% | 2.31% | 2.18% | 2.42% |
| ▄▂█▅▆█▁▂ | Efficiency Ratio (%) | 49.2% | 47.8% | 53.7% | 50.9% | 51.3% | 53.9% | 46.1% | 47.8% |
| ▃▁▂▅█▇██ | Cost of Funds (%) | 1.51% | 1.43% | 1.46% | 1.56% | 1.63% | 1.59% | 1.62% | 1.64% |
| ▁▄▃▆█▅▅▅ | NPA / Assets (%) | 0.37% | 0.60% | 0.56% | 0.78% | 0.94% | 0.67% | 0.66% | 0.67% |
| ▁▄▃▆█▅▅▅ | Net Charge-Off Ratio (%) | 0.46% | 0.74% | 0.68% | 0.96% | 1.14% | 0.81% | 0.84% | 0.86% |
| ▁▁▁▄▆██▇ | Tang. Book Value ($M) | $40 | $39 | $40 | $42 | $45 | $47 | $47 | $46 |
| ▁▂▄▅▆█▇█ | Gross Loans ($M) | $295 | $305 | $319 | $330 | $341 | $352 | $343 | $357 |
| ▂▁▂▃▄▄▆█ | Total Deposits ($M) | $320 | $308 | $327 | $333 | $343 | $341 | $365 | $392 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 11% |
| Agricultural | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 15% |