Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.20% | -0.22 | 1.43% |
| Return on Equity (%) | ▼ | 10.81% | -3.78 | 14.59% |
| Net Interest Margin (%) | ▼ | 4.77% | -0.01 | 4.78% |
| Efficiency Ratio (%) | ▼ | 74.49% | +2.91 | 71.58% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.09 | $3 |
| Cost of Funds (%) | ▲ | 1.24% | -0.14 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $663 | -6.63 | $669 |
| Gross Loans ($M) | ▼ | $456 | -12.89 | $469 |
| Loan Growth YoY (%) | ▼ | 76.93% | -0.22 | 77.15% |
| Total Deposits ($M) | ▼ | $582 | -15.49 | $598 |
| Shareholders Equity ($M) | ▲ | $76 | +8.37 | $67 |
| Tang. Book Value ($M) | ▲ | $76 | +8.37 | $67 |
| TBV excl. AOCI ($M)** | ▲ | $84 | +9.06 | $75 |
| Loan / Deposit Ratio (%) | ▼ | 76.93% | -0.22 | 77.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.48% | +0.08 | 0.40% |
| Allowance / Loans (%) | — | 1.78% | 0.13% | 1.65% |
| Net Charge-Off Ratio (%) | ▼ | 0.67% | +0.12 | 0.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.63% | +1.26 | 16.37% |
Noninterest income ($1.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▇█████ | Net Interest Margin (%) | 4.15% | 4.30% | 4.67% | 4.78% | 4.80% | 4.81% | 4.76% | 4.77% |
| ▂▄▇██▆▁▅ | Return on Assets (%) | 1.00% | 1.10% | 1.33% | 1.43% | 1.40% | 1.28% | 0.86% | 1.20% |
| █▆▃▁▁▄█▄ | Efficiency Ratio (%) | 77.5% | 76.3% | 73.6% | 71.6% | 71.9% | 74.2% | 78.0% | 74.5% |
| █▅▃▃▃▃▁▁ | Cost of Funds (%) | 1.64% | 1.44% | 1.37% | 1.38% | 1.38% | 1.38% | 1.29% | 1.24% |
| ▁▁▇▅▅▇██ | NPA / Assets (%) | 0.28% | 0.30% | 0.45% | 0.40% | 0.39% | 0.44% | 0.49% | 0.48% |
| ▁▁█▅▆▄▅█ | Net Charge-Off Ratio (%) | 0.37% | 0.38% | 0.63% | 0.55% | 0.56% | 0.48% | 0.55% | 0.67% |
| ▂▁▂▃▅▇▆█ | Tang. Book Value ($M) | $65 | $63 | $65 | $67 | $71 | $73 | $72 | $76 |
| ▁▅█▅▃▁▃▁ | Gross Loans ($M) | $456 | $470 | $480 | $469 | $462 | $456 | $464 | $456 |
| █▄▆▅▅▁▁▁ | Total Deposits ($M) | $610 | $594 | $601 | $598 | $597 | $584 | $586 | $582 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 42% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 13% |