Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.63% | +0.26 | 1.37% |
| Return on Equity (%) | ▲ | 12.42% | +1.34 | 11.08% |
| Net Interest Margin (%) | ▲ | 5.35% | +0.06 | 5.29% |
| Efficiency Ratio (%) | ▲ | 61.25% | -5.64 | 66.90% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.76 | $3 |
| Cost of Funds (%) | ▼ | 0.65% | +0.10 | 0.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $570 | +13.28 | $557 |
| Gross Loans ($M) | ▲ | $399 | +46.65 | $352 |
| Loan Growth YoY (%) | ▲ | 80.90% | +8.73 | 72.17% |
| Total Deposits ($M) | ▲ | $488 | +6.19 | $481 |
| Shareholders Equity ($M) | ▲ | $79 | +6.88 | $73 |
| Tang. Book Value ($M) | ▲ | $69 | +6.88 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $74 | +6.20 | $67 |
| Loan / Deposit Ratio (%) | ▲ | 80.90% | +8.73 | 72.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.45% | +0.27 | 0.18% |
| Allowance / Loans (%) | — | 1.12% | -0.26% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 0.55% | +0.43 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.89% | +0.05 | 17.84% |
Noninterest income ($1.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▇▇▄▃█ | Net Interest Margin (%) | 5.08% | 5.09% | 5.23% | 5.29% | 5.29% | 5.21% | 5.16% | 5.35% |
| █▇▄▄▄▁▇█ | Return on Assets (%) | 1.58% | 1.50% | 1.36% | 1.37% | 1.36% | 1.13% | 1.53% | 1.63% |
| ▂▄▇███▂▁ | Efficiency Ratio (%) | 62.1% | 63.7% | 66.7% | 66.9% | 67.0% | 67.7% | 62.4% | 61.3% |
| ▂▁▁▃▄▅▆█ | Cost of Funds (%) | 0.55% | 0.51% | 0.51% | 0.55% | 0.58% | 0.59% | 0.61% | 0.65% |
| ▅▂▂▃▁▅██ | NPA / Assets (%) | 0.30% | 0.16% | 0.14% | 0.18% | 0.08% | 0.33% | 0.48% | 0.45% |
| ▅▁▁▁▁▆█▆ | Net Charge-Off Ratio (%) | 0.49% | 0.11% | 0.06% | 0.12% | 0.12% | 0.54% | 0.74% | 0.55% |
| ▄▁▃▄▆▆▇█ | Tang. Book Value ($M) | $62 | $57 | $60 | $62 | $65 | $65 | $66 | $69 |
| ▂▁▃▃▄▅▇█ | Gross Loans ($M) | $338 | $329 | $348 | $352 | $357 | $370 | $383 | $399 |
| ▁▅▅▂▁█▆▃ | Total Deposits ($M) | $469 | $505 | $503 | $481 | $474 | $529 | $510 | $488 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 6% |
| Agricultural | 4% |
| Consumer | 4% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 4% |