Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.01% | +0.40 | 1.60% |
| Return on Equity (%) | ▲ | 17.91% | +2.45 | 15.46% |
| Net Interest Margin (%) | ▲ | 4.23% | +0.37 | 3.86% |
| Efficiency Ratio (%) | ▲ | 48.46% | -4.06 | 52.52% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.47 | $5 |
| Cost of Funds (%) | ▲ | 1.42% | -0.36 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $911 | -8.37 | $919 |
| Gross Loans ($M) | ▲ | $652 | +17.20 | $635 |
| Loan Growth YoY (%) | ▼ | 85.47% | -2.06 | 87.53% |
| Total Deposits ($M) | ▲ | $755 | +37.20 | $717 |
| Shareholders Equity ($M) | ▲ | $103 | +4.86 | $98 |
| Tang. Book Value ($M) | ▲ | $83 | +5.19 | $78 |
| TBV excl. AOCI ($M)** | ▲ | $92 | +4.20 | $88 |
| Loan / Deposit Ratio (%) | ▼ | 85.47% | -2.06 | 87.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.05 | 0.14% |
| Allowance / Loans (%) | — | 1.09% | -0.00% | 1.10% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.08 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▄▆█ | Net Interest Margin (%) | 3.65% | 3.64% | 3.81% | 3.86% | 3.89% | 3.90% | 4.08% | 4.23% |
| ▁▁▃▄▄▄▆█ | Return on Assets (%) | 1.35% | 1.38% | 1.58% | 1.60% | 1.65% | 1.64% | 1.84% | 2.01% |
| ██▅▄▃▅▂▁ | Efficiency Ratio (%) | 56.9% | 56.2% | 52.8% | 52.5% | 51.4% | 52.8% | 50.3% | 48.5% |
| █▇▆▆▇▆▂▁ | Cost of Funds (%) | 1.92% | 1.83% | 1.77% | 1.78% | 1.83% | 1.76% | 1.51% | 1.42% |
| ▁▁▃▄▂██▂ | NPA / Assets (%) | 0.04% | 0.03% | 0.12% | 0.14% | 0.10% | 0.29% | 0.31% | 0.09% |
| ▁▁▆▇▄██▃ | Net Charge-Off Ratio (%) | 0.06% | 0.05% | 0.18% | 0.20% | 0.14% | 0.23% | 0.26% | 0.13% |
| ▂▁▃▅█▇██ | Tang. Book Value ($M) | $73 | $71 | $75 | $78 | $84 | $81 | $84 | $83 |
| ▁▄▄▆██▆▇ | Gross Loans ($M) | $575 | $619 | $620 | $635 | $664 | $666 | $642 | $652 |
| ▁▁▃▅▃▄█▇ | Total Deposits ($M) | $659 | $667 | $690 | $717 | $697 | $713 | $769 | $755 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 7% |
| Agricultural | 29% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 10% |