Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.92% | +0.20 | 0.72% |
| Return on Equity (%) | ▲ | 10.09% | +1.10 | 8.99% |
| Net Interest Margin (%) | ▲ | 3.47% | +0.29 | 3.17% |
| Efficiency Ratio (%) | ▲ | 66.36% | -5.40 | 71.76% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.67 | $1 |
| Cost of Funds (%) | ▲ | 1.85% | -0.34 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $533 | +14.20 | $519 |
| Gross Loans ($M) | ▼ | $394 | -15.20 | $409 |
| Loan Growth YoY (%) | ▼ | 85.46% | -5.95 | 91.41% |
| Total Deposits ($M) | ▲ | $455 | +13.28 | $442 |
| Shareholders Equity ($M) | ▲ | $50 | +6.38 | $43 |
| Tang. Book Value ($M) | ▲ | $46 | +6.38 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +6.59 | $43 |
| Loan / Deposit Ratio (%) | ▼ | 85.46% | -5.95 | 91.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.05 | 0.15% |
| Allowance / Loans (%) | — | 1.28% | -0.02% | 1.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.05 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.17% | +1.50 | 11.67% |
Noninterest income ($0.86M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▅▆▆▇█ | Net Interest Margin (%) | 2.73% | 2.77% | 3.26% | 3.17% | 3.20% | 3.24% | 3.37% | 3.47% |
| ▁▁▆▆▆▇▇█ | Return on Assets (%) | 0.17% | 0.13% | 0.72% | 0.72% | 0.70% | 0.76% | 0.74% | 0.92% |
| ██▂▂▂▂▁▁ | Efficiency Ratio (%) | 90.4% | 92.1% | 70.9% | 71.8% | 72.4% | 72.5% | 69.3% | 66.4% |
| █▇▆▅▅▃▁▁ | Cost of Funds (%) | 2.43% | 2.32% | 2.22% | 2.19% | 2.21% | 2.04% | 1.86% | 1.85% |
| █▃▃▂▄▂▂▁ | NPA / Assets (%) | 0.31% | 0.16% | 0.17% | 0.15% | 0.19% | 0.14% | 0.14% | 0.10% |
| ▁▆▆▄█▄▄▁ | Net Charge-Off Ratio (%) | 0.14% | 0.21% | 0.22% | 0.19% | 0.24% | 0.18% | 0.19% | 0.13% |
| ▃▁▂▃▅▆▇█ | Tang. Book Value ($M) | $39 | $37 | $38 | $39 | $42 | $44 | $44 | $46 |
| ▆█▄▇▄▂▁▂ | Gross Loans ($M) | $408 | $413 | $401 | $409 | $401 | $396 | $391 | $394 |
| ▃█▂▂▁▃▄▇ | Total Deposits ($M) | $445 | $461 | $443 | $442 | $437 | $446 | $448 | $455 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 6% |
| Agricultural | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 8% |