Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.84% | -0.18 | 1.02% |
| Return on Equity (%) | ▼ | 11.67% | -4.29 | 15.96% |
| Net Interest Margin (%) | ▲ | 4.54% | +0.18 | 4.36% |
| Efficiency Ratio (%) | ▼ | 77.76% | +1.36 | 76.40% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.06 | $1 |
| Cost of Funds (%) | ▲ | 1.82% | -0.27 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $393 | +34.76 | $358 |
| Gross Loans ($M) | ▲ | $292 | +27.41 | $264 |
| Loan Growth YoY (%) | ▲ | 79.31% | +1.24 | 78.08% |
| Total Deposits ($M) | ▲ | $363 | +29.35 | $334 |
| Shareholders Equity ($M) | ▲ | $28 | +5.47 | $23 |
| Tang. Book Value ($M) | ▲ | $28 | +5.47 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +5.98 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 79.31% | +1.24 | 78.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.12 | 0.15% |
| Allowance / Loans (%) | — | 1.22% | -0.13% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 0.26% | +0.06 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -12.80 | 12.80% |
Noninterest income ($0.83M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▇█▅█ | Net Interest Margin (%) | 4.09% | 4.11% | 4.11% | 4.36% | 4.46% | 4.52% | 4.32% | 4.54% |
| ▂▁▅█▁▅▁▁ | Return on Assets (%) | 0.86% | 0.82% | 0.93% | 1.02% | 0.83% | 0.94% | 0.82% | 0.84% |
| ▇█▄▃▁▁▃▅ | Efficiency Ratio (%) | 78.6% | 79.9% | 77.3% | 76.4% | 74.8% | 74.7% | 76.3% | 77.8% |
| ██▅▅▃▁▁▁ | Cost of Funds (%) | 2.32% | 2.26% | 2.09% | 2.09% | 2.00% | 1.86% | 1.84% | 1.82% |
| ██▁▁▁▁▁▁ | NPA / Assets (%) | 1.82% | 1.97% | 0.17% | 0.15% | 0.16% | 0.33% | 0.28% | 0.27% |
| ██▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 2.41% | 2.59% | 0.16% | 0.20% | 0.22% | 0.45% | 0.35% | 0.26% |
| ▂▁▁▁▅▇██ | Tang. Book Value ($M) | $24 | $22 | $23 | $22 | $25 | $27 | $27 | $28 |
| ▁▁▁▂▄▅▇█ | Gross Loans ($M) | $257 | $257 | $260 | $264 | $270 | $278 | $283 | $292 |
| ▁▂▇▄▄▇██ | Total Deposits ($M) | $316 | $324 | $353 | $334 | $339 | $352 | $361 | $363 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 10% |
| Agricultural | 8% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 14% |