Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.47 | 0.68% |
| Return on Equity (%) | ▲ | 19.41% | +2.71 | 16.70% |
| Net Interest Margin (%) | ▲ | 3.25% | +0.26 | 2.99% |
| Efficiency Ratio (%) | ▲ | 67.13% | -10.69 | 77.82% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.66 | $1 |
| Cost of Funds (%) | ▲ | 1.02% | -0.13 | 1.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $381 | +11.66 | $369 |
| Gross Loans ($M) | ▲ | $151 | +4.25 | $146 |
| Loan Growth YoY (%) | ▲ | 42.75% | +1.18 | 41.57% |
| Total Deposits ($M) | ▲ | $349 | +0.42 | $348 |
| Shareholders Equity ($M) | ▲ | $23 | +7.83 | $15 |
| Tang. Book Value ($M) | ▲ | $23 | +7.83 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +8.49 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 42.75% | +1.18 | 41.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.93% | +0.82 | 0.11% |
| Allowance / Loans (%) | — | 0.98% | -0.05% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 2.37% | +2.08 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.48M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▇██ | Net Interest Margin (%) | 2.67% | 2.72% | 2.83% | 2.99% | 3.08% | 3.15% | 3.22% | 3.25% |
| ▅▆▁▁▄▇▄█ | Return on Assets (%) | 0.96% | 0.98% | 0.66% | 0.68% | 0.89% | 1.05% | 0.85% | 1.15% |
| ▂▁█▇▄▂▆▁ | Efficiency Ratio (%) | 69.3% | 68.7% | 80.2% | 77.8% | 73.2% | 69.2% | 76.2% | 67.1% |
| ██▅▄▄▁▁▁ | Cost of Funds (%) | 1.38% | 1.39% | 1.23% | 1.15% | 1.15% | 1.00% | 0.98% | 1.02% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.10% | 0.06% | 0.04% | 0.11% | 0.09% | 0.00% | 0.00% | 0.93% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.28% | 0.15% | 0.11% | 0.28% | 0.24% | 0.00% | 0.00% | 2.37% |
| ▆▁▂▂▇███ | Tang. Book Value ($M) | $20 | $13 | $16 | $15 | $21 | $22 | $23 | $23 |
| ▁▁▂▆▆▅▆█ | Gross Loans ($M) | $136 | $137 | $139 | $146 | $145 | $144 | $147 | $151 |
| ▁▂▂▃▁██▄ | Total Deposits ($M) | $338 | $342 | $342 | $348 | $340 | $366 | $364 | $349 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 18% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 8% |