Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.55% | -0.30 | 1.85% |
| Return on Equity (%) | ▼ | 17.99% | -6.81 | 24.80% |
| Net Interest Margin (%) | ▼ | 4.66% | -0.10 | 4.76% |
| Efficiency Ratio (%) | ▼ | 58.31% | +3.78 | 54.53% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.31 | $2 |
| Cost of Funds (%) | ▼ | 1.62% | +0.05 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $334 | +5.74 | $328 |
| Gross Loans ($M) | ▲ | $246 | +1.86 | $244 |
| Loan Growth YoY (%) | ▲ | 80.42% | +0.78 | 79.64% |
| Total Deposits ($M) | ▲ | $304 | +1.24 | $303 |
| Shareholders Equity ($M) | ▲ | $29 | +4.31 | $25 |
| Tang. Book Value ($M) | ▲ | $29 | +4.31 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +4.25 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 80.42% | +0.78 | 79.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.24% | -1.28 | 1.51% |
| Allowance / Loans (%) | — | 0.83% | -0.62% | 1.44% |
| Net Charge-Off Ratio (%) | ▲ | 0.32% | -1.71 | 2.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.08% | +1.12 | 11.96% |
Noninterest income ($0.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅███▆▇ | Net Interest Margin (%) | 4.16% | 4.15% | 4.52% | 4.76% | 4.79% | 4.79% | 4.61% | 4.66% |
| ▁▁█▄▄▂▁▁ | Return on Assets (%) | 1.58% | 1.50% | 2.20% | 1.85% | 1.80% | 1.62% | 1.53% | 1.55% |
| ██▂▁▂▂▅▄ | Efficiency Ratio (%) | 63.1% | 62.8% | 56.2% | 54.5% | 55.8% | 55.9% | 58.9% | 58.3% |
| █▃▁▂▄▁▄▃ | Cost of Funds (%) | 1.78% | 1.62% | 1.53% | 1.57% | 1.65% | 1.56% | 1.64% | 1.62% |
| ▂▂▁██▅▁▁ | NPA / Assets (%) | 0.35% | 0.46% | 0.35% | 1.51% | 1.41% | 0.88% | 0.18% | 0.24% |
| ▂▂▂██▅▁▁ | Net Charge-Off Ratio (%) | 0.53% | 0.67% | 0.50% | 2.03% | 1.86% | 1.15% | 0.24% | 0.32% |
| ▁▁▂▂▅▇▇█ | Tang. Book Value ($M) | $24 | $24 | $25 | $25 | $27 | $29 | $28 | $29 |
| ▁▄▄▇▇██▇ | Gross Loans ($M) | $203 | $224 | $228 | $244 | $247 | $254 | $252 | $246 |
| ▁███▅▆▇█ | Total Deposits ($M) | $278 | $306 | $303 | $303 | $295 | $298 | $301 | $304 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 19% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 9% |