Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.89% | +0.00 | 0.88% |
| Return on Equity (%) | ▼ | 11.82% | -0.36 | 12.18% |
| Net Interest Margin (%) | ▲ | 3.89% | +0.01 | 3.88% |
| Efficiency Ratio (%) | ▼ | 70.08% | +0.36 | 69.71% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.26 | $2 |
| Cost of Funds (%) | ▲ | 2.28% | -0.03 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $662 | +56.73 | $605 |
| Gross Loans ($M) | ▲ | $501 | +67.13 | $434 |
| Loan Growth YoY (%) | ▲ | 82.16% | +4.77 | 77.40% |
| Total Deposits ($M) | ▲ | $606 | +48.76 | $557 |
| Shareholders Equity ($M) | ▲ | $50 | +7.23 | $43 |
| Tang. Book Value ($M) | ▲ | $49 | +7.23 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +8.18 | $46 |
| Loan / Deposit Ratio (%) | ▲ | 82.16% | +4.77 | 77.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.03% | +0.37 | 0.66% |
| Allowance / Loans (%) | — | 0.79% | 0.00% | 0.79% |
| Net Charge-Off Ratio (%) | ▼ | 1.36% | +0.44 | 0.91% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.88% | +0.01 | 11.87% |
Noninterest income ($1.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆███▆█ | Net Interest Margin (%) | 3.66% | 3.70% | 3.82% | 3.88% | 3.91% | 3.90% | 3.83% | 3.89% |
| ▁▂▃▆▇█▃▆ | Return on Assets (%) | 0.64% | 0.68% | 0.75% | 0.88% | 0.90% | 0.97% | 0.76% | 0.89% |
| █▇▄▁▁▁▄▁ | Efficiency Ratio (%) | 77.5% | 75.8% | 73.3% | 69.7% | 70.0% | 69.8% | 73.2% | 70.1% |
| █▆▁▄▆▃▁▃ | Cost of Funds (%) | 2.48% | 2.38% | 2.24% | 2.32% | 2.41% | 2.28% | 2.21% | 2.28% |
| ▃▄▅▁▁▂▃█ | NPA / Assets (%) | 0.75% | 0.83% | 0.85% | 0.66% | 0.70% | 0.73% | 0.75% | 1.03% |
| ▁▃▅▁▁▂▃█ | Net Charge-Off Ratio (%) | 0.91% | 1.04% | 1.18% | 0.91% | 0.93% | 1.00% | 1.05% | 1.36% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $41 | $40 | $41 | $42 | $45 | $48 | $48 | $49 |
| ▁▁▁▃▄▆▆█ | Gross Loans ($M) | $402 | $408 | $412 | $434 | $447 | $475 | $471 | $501 |
| ▁▂▄▆▆███ | Total Deposits ($M) | $472 | $504 | $525 | $557 | $564 | $595 | $603 | $606 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 8% |
| Agricultural | 3% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 17% |