Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.56% | +0.01 | 0.55% |
| Return on Equity (%) | ▼ | 5.55% | -0.65 | 6.20% |
| Net Interest Margin (%) | ▲ | 3.55% | +0.29 | 3.25% |
| Efficiency Ratio (%) | ▲ | 84.12% | -5.72 | 89.84% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.24 | $1 |
| Cost of Funds (%) | ▲ | 1.18% | -0.19 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $538 | -11.14 | $549 |
| Gross Loans ($M) | ▼ | $347 | -5.13 | $352 |
| Loan Growth YoY (%) | ▲ | 73.14% | +1.92 | 71.22% |
| Total Deposits ($M) | ▼ | $469 | -19.67 | $489 |
| Shareholders Equity ($M) | ▲ | $56 | +4.48 | $51 |
| Tang. Book Value ($M) | ▲ | $47 | +4.60 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +4.87 | $49 |
| Loan / Deposit Ratio (%) | ▲ | 73.14% | +1.92 | 71.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.11 | 0.07% |
| Allowance / Loans (%) | — | 1.24% | -0.02% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.16 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.85% | +1.22 | 13.63% |
Noninterest income ($0.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▅▆▇█ | Net Interest Margin (%) | 2.90% | 2.98% | 3.13% | 3.25% | 3.30% | 3.35% | 3.44% | 3.55% |
| ▃▄▁█▇█▆█ | Return on Assets (%) | 0.29% | 0.33% | 0.16% | 0.55% | 0.52% | 0.58% | 0.47% | 0.56% |
| █▇▇▄▃▂▃▁ | Efficiency Ratio (%) | 98.4% | 95.8% | 95.7% | 89.8% | 89.2% | 87.3% | 88.0% | 84.1% |
| █▇▃▅▄▂▁▂ | Cost of Funds (%) | 1.55% | 1.48% | 1.28% | 1.37% | 1.30% | 1.21% | 1.12% | 1.18% |
| ▁▂▆▁▃▄▄█ | NPA / Assets (%) | 0.08% | 0.09% | 0.14% | 0.07% | 0.10% | 0.12% | 0.12% | 0.18% |
| ▁▂▆▁▃▄▄█ | Net Charge-Off Ratio (%) | 0.13% | 0.13% | 0.21% | 0.11% | 0.16% | 0.18% | 0.18% | 0.27% |
| ▃▁▂▄▆███ | Tang. Book Value ($M) | $41 | $38 | $40 | $42 | $45 | $46 | $46 | $47 |
| ▁▅█▃▁▃▃▁ | Gross Loans ($M) | $349 | $358 | $368 | $352 | $348 | $353 | $353 | $347 |
| ▆▄█▄▂▃▂▁ | Total Deposits ($M) | $497 | $487 | $512 | $489 | $480 | $480 | $478 | $469 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 7% |
| Agricultural | 14% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 3% |