Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.02% | -0.21 | 0.19% |
| Return on Equity (%) | ▼ | -0.17% | -2.31 | 2.14% |
| Net Interest Margin (%) | ▲ | 3.78% | +0.34 | 3.44% |
| Efficiency Ratio (%) | ▼ | 106.18% | +11.47 | 94.71% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.31 | $-0 |
| Cost of Funds (%) | ▲ | 1.76% | -0.53 | 2.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $361 | -54.50 | $416 |
| Gross Loans ($M) | ▼ | $308 | -45.95 | $354 |
| Loan Growth YoY (%) | ▲ | 105.65% | +8.33 | 97.32% |
| Total Deposits ($M) | ▼ | $286 | -70.90 | $357 |
| Shareholders Equity ($M) | ▼ | $38 | -1.86 | $40 |
| Tang. Book Value ($M) | ▼ | $36 | -1.48 | $37 |
| TBV excl. AOCI ($M)** | ▼ | $37 | -1.66 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 105.65% | +8.33 | 97.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.28% | +1.51 | 1.77% |
| Allowance / Loans (%) | — | 1.86% | 0.01% | 1.85% |
| Net Charge-Off Ratio (%) | ▼ | 3.84% | +1.80 | 2.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.33% | +0.99 | 14.34% |
Noninterest income ($0.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 3.25% | 3.22% | 3.20% | 3.44% | 3.52% | 3.51% | 3.63% | 3.78% |
| ▆▄█▅▅▅▁▄ | Return on Assets (%) | 0.38% | 0.09% | 0.72% | 0.19% | 0.18% | 0.19% | -0.52% | -0.02% |
| ▁▁▁▄▄▄█▇ | Efficiency Ratio (%) | 82.6% | 85.6% | 85.7% | 94.7% | 94.9% | 95.0% | 113.3% | 106.2% |
| ██▆▅▄▄▂▁ | Cost of Funds (%) | 2.83% | 2.78% | 2.51% | 2.29% | 2.20% | 2.20% | 1.99% | 1.76% |
| ▁▁▂▁▁▆▇█ | NPA / Assets (%) | 1.89% | 1.75% | 2.05% | 1.77% | 1.85% | 2.76% | 2.96% | 3.28% |
| ▁▁▂▁▁▆▇█ | Net Charge-Off Ratio (%) | 2.26% | 2.07% | 2.43% | 2.05% | 2.15% | 3.36% | 3.47% | 3.84% |
| █▂██▁▄▁▁ | Tang. Book Value ($M) | $37 | $36 | $37 | $37 | $36 | $36 | $36 | $36 |
| ██▅▄▃▂▁▁ | Gross Loans ($M) | $419 | $407 | $363 | $354 | $338 | $322 | $306 | $308 |
| ██▆▅▄▄▂▁ | Total Deposits ($M) | $411 | $410 | $375 | $357 | $342 | $337 | $306 | $286 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 9% |
| Agricultural | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 8% |