Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.16 | 0.98% |
| Return on Equity (%) | ▲ | 13.10% | +0.40 | 12.70% |
| Net Interest Margin (%) | ▲ | 3.26% | +0.24 | 3.02% |
| Efficiency Ratio (%) | ▲ | 57.44% | -0.84 | 58.28% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.05 | $1 |
| Cost of Funds (%) | ▲ | 1.65% | -0.19 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $250 | +11.36 | $239 |
| Gross Loans ($M) | ▲ | $111 | +9.60 | $102 |
| Loan Growth YoY (%) | ▲ | 48.39% | +2.36 | 46.03% |
| Total Deposits ($M) | ▲ | $227 | +9.20 | $218 |
| Shareholders Equity ($M) | ▲ | $21 | +1.97 | $19 |
| Tang. Book Value ($M) | ▲ | $21 | +2.05 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +1.84 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 48.39% | +2.36 | 46.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.45% | +0.35 | 0.10% |
| Allowance / Loans (%) | — | 1.36% | -0.11% | 1.47% |
| Net Charge-Off Ratio (%) | ▼ | 1.01% | +0.77 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▆██ | Net Interest Margin (%) | 2.71% | 2.75% | 3.00% | 3.02% | 3.09% | 3.15% | 3.34% | 3.26% |
| ▁▁▂▃▄▅█▆ | Return on Assets (%) | 0.86% | 0.87% | 0.93% | 0.98% | 1.04% | 1.08% | 1.24% | 1.14% |
| ██▄▅▅▅▁▄ | Efficiency Ratio (%) | 61.2% | 61.4% | 57.4% | 58.3% | 57.9% | 57.8% | 53.8% | 57.4% |
| █▇▅▄▄▂▁▁ | Cost of Funds (%) | 2.04% | 1.96% | 1.88% | 1.84% | 1.81% | 1.73% | 1.64% | 1.65% |
| ▁▁▁▂▁▁▁█ | NPA / Assets (%) | 0.01% | 0.02% | 0.00% | 0.10% | 0.03% | 0.04% | 0.02% | 0.45% |
| ▁▁▁▂▁▁▁█ | Net Charge-Off Ratio (%) | 0.02% | 0.04% | 0.01% | 0.24% | 0.06% | 0.09% | 0.04% | 1.01% |
| ▄▁▃▅▇███ | Tang. Book Value ($M) | $18 | $16 | $18 | $19 | $20 | $21 | $20 | $21 |
| ▁▂▁▃▆▇██ | Gross Loans ($M) | $98 | $101 | $99 | $102 | $108 | $109 | $110 | $111 |
| ▁▂▄▄▁▁▇█ | Total Deposits ($M) | $209 | $213 | $217 | $218 | $211 | $211 | $224 | $227 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 8% |
| Agricultural | 13% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 8% |