Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.09 | 1.06% |
| Return on Equity (%) | ▲ | 10.22% | +0.45 | 9.77% |
| Net Interest Margin (%) | ▲ | 4.67% | +0.23 | 4.45% |
| Efficiency Ratio (%) | ▲ | 76.41% | -1.12 | 77.53% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.31 | $1 |
| Cost of Funds (%) | ▼ | 1.11% | +0.01 | 1.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $561 | +15.10 | $546 |
| Gross Loans ($M) | ▲ | $414 | +29.52 | $384 |
| Loan Growth YoY (%) | ▲ | 85.70% | +6.13 | 79.57% |
| Total Deposits ($M) | ▼ | $479 | -0.25 | $479 |
| Shareholders Equity ($M) | ▲ | $64 | +5.26 | $59 |
| Tang. Book Value ($M) | ▲ | $58 | +5.86 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $63 | +5.28 | $57 |
| Loan / Deposit Ratio (%) | ▲ | 85.70% | +6.13 | 79.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.14% | 0.00 | 0.14% |
| Allowance / Loans (%) | — | 0.84% | 0.03% | 0.81% |
| Net Charge-Off Ratio (%) | ▲ | 0.19% | -0.00 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▇▇██ | Net Interest Margin (%) | 3.83% | 3.91% | 4.34% | 4.45% | 4.48% | 4.55% | 4.64% | 4.67% |
| ▁▂▇▆▇▅██ | Return on Assets (%) | 0.87% | 0.91% | 1.11% | 1.06% | 1.09% | 1.04% | 1.14% | 1.15% |
| █▇▁▃▂▃▂▁ | Efficiency Ratio (%) | 80.7% | 80.1% | 76.2% | 77.5% | 77.1% | 77.7% | 76.8% | 76.4% |
| ██▄▁▁▃▁▂ | Cost of Funds (%) | 1.40% | 1.36% | 1.22% | 1.10% | 1.08% | 1.18% | 1.06% | 1.11% |
| █▆▁▃▅▅█▃ | NPA / Assets (%) | 0.23% | 0.20% | 0.11% | 0.14% | 0.19% | 0.18% | 0.25% | 0.14% |
| █▆▁▂▄▅█▂ | Net Charge-Off Ratio (%) | 0.32% | 0.27% | 0.15% | 0.19% | 0.23% | 0.24% | 0.33% | 0.19% |
| ▅▅▁▂▄▅▇█ | Tang. Book Value ($M) | $55 | $54 | $51 | $52 | $54 | $55 | $56 | $58 |
| ▁▂▄▆████ | Gross Loans ($M) | $326 | $344 | $362 | $384 | $413 | $407 | $415 | $414 |
| ▁▁██████ | Total Deposits ($M) | $387 | $390 | $482 | $479 | $492 | $480 | $485 | $479 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 6% |