Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.27% | +0.01 | 1.26% |
| Return on Equity (%) | ▼ | 11.18% | -1.06 | 12.24% |
| Net Interest Margin (%) | ▲ | 4.30% | +0.34 | 3.97% |
| Efficiency Ratio (%) | ▼ | 69.04% | +1.40 | 67.65% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.32 | $2 |
| Cost of Funds (%) | ▲ | 1.31% | -0.32 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $719 | +41.10 | $678 |
| Gross Loans ($M) | ▲ | $438 | +5.47 | $433 |
| Loan Growth YoY (%) | ▼ | 68.38% | -5.01 | 73.39% |
| Total Deposits ($M) | ▲ | $633 | +50.37 | $583 |
| Shareholders Equity ($M) | ▲ | $77 | +5.71 | $71 |
| Tang. Book Value ($M) | ▲ | $60 | +5.99 | $54 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +7.13 | $61 |
| Loan / Deposit Ratio (%) | ▼ | 68.38% | -5.01 | 73.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.09 | 0.03% |
| Allowance / Loans (%) | — | 1.15% | 0.04% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.14 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.00% | +0.70 | 13.30% |
Noninterest income ($1.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▇██ | Net Interest Margin (%) | 3.35% | 3.46% | 3.89% | 3.97% | 4.05% | 4.15% | 4.36% | 4.30% |
| ▁▂████▇█ | Return on Assets (%) | 0.76% | 0.85% | 1.30% | 1.26% | 1.28% | 1.32% | 1.19% | 1.27% |
| █▇▁▂▂▂▄▃ | Efficiency Ratio (%) | 75.2% | 73.8% | 66.3% | 67.6% | 67.7% | 67.4% | 70.6% | 69.0% |
| ██▅▅▄▃▁▁ | Cost of Funds (%) | 1.90% | 1.85% | 1.64% | 1.63% | 1.60% | 1.52% | 1.36% | 1.31% |
| ▃▁▂▂▆▇█▅ | NPA / Assets (%) | 0.07% | 0.01% | 0.04% | 0.03% | 0.12% | 0.15% | 0.18% | 0.12% |
| ▃▁▂▂▆▇█▆ | Net Charge-Off Ratio (%) | 0.11% | 0.01% | 0.06% | 0.05% | 0.18% | 0.24% | 0.28% | 0.19% |
| ▂▁▃▄▆███ | Tang. Book Value ($M) | $51 | $48 | $52 | $54 | $57 | $60 | $59 | $60 |
| ▁▁▄▆▇▂▃█ | Gross Loans ($M) | $424 | $423 | $429 | $433 | $436 | $425 | $427 | $438 |
| ▁▁▃▃▃▁▃█ | Total Deposits ($M) | $553 | $553 | $583 | $583 | $577 | $561 | $576 | $633 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 12% |
| Agricultural | 5% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 10% |