Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.26% | +0.16 | 1.10% |
| Return on Equity (%) | ▲ | 16.63% | +0.25 | 16.38% |
| Net Interest Margin (%) | ▲ | 3.55% | +0.28 | 3.27% |
| Efficiency Ratio (%) | ▲ | 67.40% | -2.26 | 69.67% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.23 | $2 |
| Cost of Funds (%) | ▲ | 1.58% | -0.16 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $586 | +7.63 | $578 |
| Gross Loans ($M) | ▲ | $362 | +4.62 | $357 |
| Loan Growth YoY (%) | ▲ | 70.18% | +0.85 | 69.33% |
| Total Deposits ($M) | ▲ | $508 | +0.22 | $508 |
| Shareholders Equity ($M) | ▲ | $45 | +4.43 | $41 |
| Tang. Book Value ($M) | ▲ | $44 | +4.43 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +4.73 | $49 |
| Loan / Deposit Ratio (%) | ▲ | 70.18% | +0.85 | 69.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.03 | 0.13% |
| Allowance / Loans (%) | — | 1.35% | 0.02% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 0.25% | +0.04 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.78% | +0.70 | 13.09% |
Noninterest income ($1.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆▇█ | Net Interest Margin (%) | 2.88% | 2.91% | 3.17% | 3.27% | 3.32% | 3.37% | 3.46% | 3.55% |
| ▁▂▃▅▆▆██ | Return on Assets (%) | 0.83% | 0.89% | 0.98% | 1.10% | 1.12% | 1.11% | 1.23% | 1.26% |
| █▇▄▃▂▃▁▁ | Efficiency Ratio (%) | 75.5% | 74.2% | 71.1% | 69.7% | 69.0% | 70.0% | 67.7% | 67.4% |
| █▇▄▃▃▃▁▁ | Cost of Funds (%) | 2.08% | 1.99% | 1.79% | 1.74% | 1.75% | 1.74% | 1.58% | 1.58% |
| ▁▅█▆█▅▇█ | NPA / Assets (%) | 0.05% | 0.11% | 0.15% | 0.13% | 0.15% | 0.12% | 0.14% | 0.16% |
| ▁▅█▆█▆▇█ | Net Charge-Off Ratio (%) | 0.09% | 0.18% | 0.26% | 0.21% | 0.25% | 0.19% | 0.23% | 0.25% |
| ▄▁▃▄▆███ | Tang. Book Value ($M) | $39 | $36 | $39 | $40 | $42 | $44 | $44 | $44 |
| ▁▁▂▅█▆▅█ | Gross Loans ($M) | $352 | $351 | $353 | $357 | $362 | $358 | $357 | $362 |
| ▁▄█▄▄▃█▄ | Total Deposits ($M) | $501 | $509 | $519 | $508 | $510 | $508 | $519 | $508 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Consumer | 10% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 14% |