Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.36% | -0.24 | 1.60% |
| Return on Equity (%) | ▼ | 17.37% | -3.87 | 21.24% |
| Net Interest Margin (%) | ▼ | 4.28% | -0.08 | 4.36% |
| Efficiency Ratio (%) | ▼ | 70.95% | +3.17 | 67.78% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.12 | $2 |
| Cost of Funds (%) | ▼ | 1.29% | +0.20 | 1.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $622 | +70.11 | $552 |
| Gross Loans ($M) | ▲ | $470 | +46.10 | $424 |
| Loan Growth YoY (%) | ▼ | 82.36% | -2.74 | 85.11% |
| Total Deposits ($M) | ▲ | $566 | +71.87 | $494 |
| Shareholders Equity ($M) | ▲ | $49 | +7.73 | $41 |
| Tang. Book Value ($M) | ▲ | $49 | +7.73 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $51 | +6.27 | $45 |
| Loan / Deposit Ratio (%) | ▼ | 82.36% | -2.74 | 85.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.88% | +0.78 | 0.10% |
| Allowance / Loans (%) | — | 0.95% | 0.00% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 1.16% | +1.03 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.03% | -0.16 | 13.19% |
Noninterest income ($1.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆██▇▅▆ | Net Interest Margin (%) | 4.02% | 4.08% | 4.29% | 4.36% | 4.40% | 4.35% | 4.24% | 4.28% |
| ▄▅▆██▆▁▁ | Return on Assets (%) | 1.47% | 1.51% | 1.52% | 1.60% | 1.60% | 1.53% | 1.39% | 1.36% |
| ▇▄▅▂▁▂██ | Efficiency Ratio (%) | 70.0% | 68.7% | 68.9% | 67.8% | 66.8% | 67.8% | 70.5% | 71.0% |
| ▁▂▂▄▅▆██ | Cost of Funds (%) | 0.94% | 1.00% | 1.00% | 1.08% | 1.16% | 1.20% | 1.25% | 1.29% |
| ▂▁▁▁▁▁▁█ | NPA / Assets (%) | 0.17% | 0.09% | 0.09% | 0.10% | 0.06% | 0.07% | 0.07% | 0.88% |
| ▂▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.22% | 0.12% | 0.11% | 0.13% | 0.08% | 0.09% | 0.08% | 1.16% |
| ▁▁▃▂▅▇██ | Tang. Book Value ($M) | $39 | $38 | $41 | $41 | $45 | $48 | $50 | $49 |
| ▁▂▃▄▅▆▆█ | Gross Loans ($M) | $388 | $402 | $411 | $424 | $436 | $450 | $449 | $470 |
| ▁▂▂▄▅███ | Total Deposits ($M) | $436 | $463 | $459 | $494 | $504 | $562 | $559 | $566 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 5% |