Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.01% | +0.35 | 1.66% |
| Return on Equity (%) | ▲ | 16.09% | +1.17 | 14.92% |
| Net Interest Margin (%) | ▲ | 4.35% | +0.19 | 4.15% |
| Efficiency Ratio (%) | ▲ | 44.74% | -5.88 | 50.63% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.68 | $2 |
| Cost of Funds (%) | ▲ | 1.37% | -0.06 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $403 | +24.06 | $379 |
| Gross Loans ($M) | ▲ | $231 | +18.81 | $213 |
| Loan Growth YoY (%) | ▲ | 66.39% | +2.16 | 64.23% |
| Total Deposits ($M) | ▲ | $344 | +17.20 | $327 |
| Shareholders Equity ($M) | ▲ | $51 | +7.86 | $44 |
| Tang. Book Value ($M) | ▲ | $51 | +7.86 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $58 | +8.44 | $50 |
| Loan / Deposit Ratio (%) | ▲ | 66.39% | +2.16 | 64.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.22% | -0.39 | 1.61% |
| Allowance / Loans (%) | — | 1.31% | 0.04% | 1.27% |
| Net Charge-Off Ratio (%) | ▲ | 0.76% | -0.62 | 1.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▆▇█ | Net Interest Margin (%) | 3.86% | 3.87% | 4.01% | 4.15% | 4.18% | 4.20% | 4.27% | 4.35% |
| ▁▁▃▄▃▃▆█ | Return on Assets (%) | 1.33% | 1.36% | 1.55% | 1.66% | 1.58% | 1.56% | 1.83% | 2.01% |
| ██▄▄▅▆▁▁ | Efficiency Ratio (%) | 57.4% | 58.1% | 50.9% | 50.6% | 51.7% | 53.3% | 44.6% | 44.7% |
| ██▃▃▃▂▁▁ | Cost of Funds (%) | 1.61% | 1.60% | 1.44% | 1.43% | 1.43% | 1.39% | 1.34% | 1.37% |
| ▇▇█▅▆▄▄▁ | NPA / Assets (%) | 1.81% | 1.75% | 1.92% | 1.61% | 1.67% | 1.56% | 1.52% | 1.22% |
| ███▂▃▂▂▁ | Net Charge-Off Ratio (%) | 3.11% | 3.10% | 3.35% | 1.38% | 1.54% | 1.38% | 1.25% | 0.76% |
| ▂▁▂▃▆▇▇█ | Tang. Book Value ($M) | $42 | $40 | $42 | $44 | $47 | $49 | $50 | $51 |
| ▁▁▁▁▄▅██ | Gross Loans ($M) | $215 | $213 | $214 | $213 | $221 | $224 | $234 | $231 |
| ▁▃▃▄▆███ | Total Deposits ($M) | $313 | $325 | $324 | $327 | $336 | $342 | $344 | $344 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 14% |
| Agricultural | 3% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 14% |