Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.81% | +0.28 | 1.53% |
| Return on Equity (%) | ▲ | 15.82% | +1.92 | 13.90% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.12 | 3.31% |
| Efficiency Ratio (%) | ▲ | 51.34% | -5.33 | 56.67% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.78 | $3 |
| Cost of Funds (%) | ▲ | 1.16% | -0.17 | 1.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $568 | +67.52 | $500 |
| Gross Loans ($M) | ▲ | $143 | +6.21 | $137 |
| Loan Growth YoY (%) | ▼ | 30.72% | -0.60 | 31.33% |
| Total Deposits ($M) | ▲ | $457 | +28.71 | $428 |
| Shareholders Equity ($M) | ▲ | $63 | +5.00 | $58 |
| Tang. Book Value ($M) | ▲ | $58 | +5.00 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +9.31 | $68 |
| Loan / Deposit Ratio (%) | ▼ | 30.72% | -0.60 | 31.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.07 | 0.11% |
| Allowance / Loans (%) | — | 1.66% | -0.09% | 1.75% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.04 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 32.79% | -0.92 | 33.71% |
Noninterest income ($2.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▆▆▇█ | Net Interest Margin (%) | 3.25% | 3.25% | 3.25% | 3.31% | 3.37% | 3.38% | 3.39% | 3.44% |
| ▃▄▂▁▃▄██ | Return on Assets (%) | 1.63% | 1.65% | 1.58% | 1.53% | 1.61% | 1.66% | 1.79% | 1.81% |
| ▇▆██▆▅▃▁ | Efficiency Ratio (%) | 55.8% | 55.4% | 57.3% | 56.7% | 55.6% | 54.7% | 53.1% | 51.3% |
| ▇█▆▄▅▄▁▁ | Cost of Funds (%) | 1.50% | 1.55% | 1.45% | 1.33% | 1.36% | 1.34% | 1.21% | 1.16% |
| ▅▅▄▄█▇▂▁ | NPA / Assets (%) | 0.14% | 0.14% | 0.13% | 0.11% | 0.23% | 0.21% | 0.08% | 0.04% |
| ▂▂▂▁██▂▁ | Net Charge-Off Ratio (%) | 0.18% | 0.19% | 0.16% | 0.11% | 0.64% | 0.58% | 0.17% | 0.07% |
| ▁▁▃▆▅▇██ | Tang. Book Value ($M) | $46 | $44 | $49 | $53 | $52 | $55 | $57 | $58 |
| ▁▁▂▁██▆█ | Gross Loans ($M) | $136 | $136 | $138 | $137 | $143 | $143 | $141 | $143 |
| ▂▁▃▄▅▆██ | Total Deposits ($M) | $414 | $405 | $424 | $428 | $432 | $438 | $451 | $457 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 20% |
| Agricultural | 2% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 16% |