Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.75% | +0.41 | 1.35% |
| Return on Equity (%) | ▲ | 19.30% | +3.94 | 15.36% |
| Net Interest Margin (%) | ▲ | 3.71% | +0.31 | 3.40% |
| Efficiency Ratio (%) | ▲ | 57.88% | -5.21 | 63.09% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.40 | $1 |
| Cost of Funds (%) | ▲ | 1.56% | -0.15 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $351 | -3.30 | $355 |
| Gross Loans ($M) | ▲ | $225 | +8.28 | $217 |
| Loan Growth YoY (%) | ▲ | 71.13% | +3.82 | 67.32% |
| Total Deposits ($M) | ▼ | $313 | -5.50 | $318 |
| Shareholders Equity ($M) | ▲ | $34 | +2.12 | $32 |
| Tang. Book Value ($M) | ▲ | $34 | +2.12 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +1.78 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 71.13% | +3.82 | 67.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.23% | -0.02% | 1.25% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆▇█ | Net Interest Margin (%) | 2.98% | 3.04% | 3.33% | 3.40% | 3.48% | 3.52% | 3.58% | 3.71% |
| ▁▁▄▄▅▆▇█ | Return on Assets (%) | 1.03% | 1.04% | 1.30% | 1.35% | 1.41% | 1.49% | 1.63% | 1.75% |
| ██▄▄▃▃▁▁ | Efficiency Ratio (%) | 69.7% | 68.6% | 63.8% | 63.1% | 62.3% | 60.9% | 58.7% | 57.9% |
| █▅▃▄▃▁▃▁ | Cost of Funds (%) | 1.98% | 1.79% | 1.65% | 1.70% | 1.68% | 1.52% | 1.68% | 1.56% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▃▁▃▄▃▆▇█ | Tang. Book Value ($M) | $31 | $30 | $31 | $32 | $32 | $33 | $33 | $34 |
| ▁▃▅▆▇█▇█ | Gross Loans ($M) | $196 | $203 | $211 | $217 | $221 | $224 | $219 | $225 |
| ▁▃▄▄▃█▄▃ | Total Deposits ($M) | $297 | $314 | $323 | $318 | $315 | $352 | $324 | $313 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 21% |
| Agricultural | 5% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 12% |