Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.33% | +0.03 | 2.30% |
| Return on Equity (%) | ▼ | 12.36% | -1.08 | 13.44% |
| Net Interest Margin (%) | ▲ | 5.12% | +0.05 | 5.07% |
| Efficiency Ratio (%) | ▲ | 47.00% | -0.10 | 47.09% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.10 | $2 |
| Cost of Funds (%) | ▲ | 1.06% | -0.04 | 1.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $229 | +6.87 | $222 |
| Gross Loans ($M) | ▲ | $153 | +11.51 | $142 |
| Loan Growth YoY (%) | ▲ | 82.65% | +5.45 | 77.20% |
| Total Deposits ($M) | ▲ | $183 | +1.92 | $181 |
| Shareholders Equity ($M) | ▲ | $44 | +4.96 | $39 |
| Tang. Book Value ($M) | ▲ | $44 | +4.96 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +4.98 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 82.65% | +5.45 | 77.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.01 | 0.15% |
| Allowance / Loans (%) | — | 1.32% | -0.06% | 1.38% |
| Net Charge-Off Ratio (%) | ▲ | 0.20% | -0.03 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 34.39% | +1.53 | 32.86% |
Noninterest income ($0.56M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▁▆█▇▁█ | Net Interest Margin (%) | 5.14% | 5.08% | 4.91% | 5.07% | 5.12% | 5.11% | 4.91% | 5.12% |
| █▅█▆▆▁██ | Return on Assets (%) | 2.34% | 2.29% | 2.35% | 2.30% | 2.30% | 2.21% | 2.34% | 2.33% |
| ▁▅▅▅▄█▅▅ | Efficiency Ratio (%) | 45.8% | 46.9% | 47.1% | 47.1% | 46.8% | 48.0% | 46.9% | 47.0% |
| ▆█▆█▆▅▁▄ | Cost of Funds (%) | 1.08% | 1.10% | 1.08% | 1.10% | 1.08% | 1.06% | 1.02% | 1.06% |
| █▁▂▃▁▄▂▃ | NPA / Assets (%) | 0.27% | 0.09% | 0.11% | 0.15% | 0.07% | 0.15% | 0.11% | 0.13% |
| █▁▂▄▁▄▂▃ | Net Charge-Off Ratio (%) | 0.40% | 0.15% | 0.18% | 0.23% | 0.11% | 0.23% | 0.17% | 0.20% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $36 | $37 | $38 | $39 | $41 | $42 | $43 | $44 |
| ▁▁▁▃▅▅▅█ | Gross Loans ($M) | $137 | $136 | $136 | $142 | $146 | $146 | $146 | $153 |
| ▁▇█▆▆█▇▇ | Total Deposits ($M) | $169 | $181 | $185 | $181 | $180 | $183 | $182 | $183 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 8% |
| Agricultural | 7% |
| Consumer | 16% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 7% |