Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.57% | +0.47 | 1.10% |
| Return on Equity (%) | ▲ | 13.42% | +3.23 | 10.19% |
| Net Interest Margin (%) | ▲ | 3.36% | +0.18 | 3.18% |
| Efficiency Ratio (%) | ▲ | 57.19% | -1.81 | 59.00% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.02 | $1 |
| Cost of Funds (%) | ▲ | 2.53% | -0.15 | 2.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $338 | -6.07 | $344 |
| Gross Loans ($M) | ▲ | $242 | +3.55 | $238 |
| Loan Growth YoY (%) | ▼ | 96.97% | -0.10 | 97.07% |
| Total Deposits ($M) | ▲ | $246 | +3.84 | $242 |
| Shareholders Equity ($M) | ▲ | $41 | +3.23 | $38 |
| Tang. Book Value ($M) | ▲ | $41 | +3.26 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +2.63 | $42 |
| Loan / Deposit Ratio (%) | ▼ | 96.97% | -0.10 | 97.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.75% | +1.98 | 0.78% |
| Allowance / Loans (%) | — | 1.47% | 0.00% | 1.46% |
| Net Charge-Off Ratio (%) | ▼ | 3.85% | +2.73 | 1.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁▅▇█▇█ | Net Interest Margin (%) | 2.94% | 2.99% | 2.99% | 3.18% | 3.30% | 3.33% | 3.27% | 3.36% |
| ▁▁▁▂▄▄██ | Return on Assets (%) | 0.97% | 1.03% | 1.03% | 1.10% | 1.22% | 1.22% | 1.54% | 1.57% |
| ██▅▄▁▂▁▁ | Efficiency Ratio (%) | 62.5% | 61.9% | 59.8% | 59.0% | 57.0% | 57.5% | 56.5% | 57.2% |
| █▇▄▃▅▃▁▁ | Cost of Funds (%) | 3.00% | 2.91% | 2.76% | 2.68% | 2.79% | 2.67% | 2.57% | 2.53% |
| ▁▁▂▃▃▁▁█ | NPA / Assets (%) | 0.26% | 0.27% | 0.54% | 0.78% | 0.76% | 0.11% | 0.05% | 2.75% |
| ▁▁▂▃▃▁▁█ | Net Charge-Off Ratio (%) | 0.40% | 0.44% | 0.86% | 1.12% | 1.09% | 0.15% | 0.07% | 3.85% |
| ▁▁▂▄▆▆▇█ | Tang. Book Value ($M) | $35 | $35 | $36 | $38 | $39 | $39 | $40 | $41 |
| ▁▁▂▇████ | Gross Loans ($M) | $208 | $205 | $211 | $238 | $243 | $241 | $240 | $242 |
| ▁▄▄▇▆█▆█ | Total Deposits ($M) | $223 | $234 | $233 | $242 | $240 | $243 | $239 | $246 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 8% |
| Agricultural | 38% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 21% |