Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.72% | +0.37 | 1.36% |
| Return on Equity (%) | ▲ | 13.34% | +2.06 | 11.28% |
| Net Interest Margin (%) | ▲ | 3.78% | +0.40 | 3.38% |
| Efficiency Ratio (%) | ▲ | 43.40% | -7.84 | 51.24% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.54 | $1 |
| Cost of Funds (%) | ▲ | 1.47% | -0.46 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $324 | +25.66 | $299 |
| Gross Loans ($M) | ▲ | $210 | +0.44 | $210 |
| Loan Growth YoY (%) | ▼ | 77.52% | -2.72 | 80.24% |
| Total Deposits ($M) | ▲ | $268 | +9.64 | $259 |
| Shareholders Equity ($M) | ▲ | $42 | +6.16 | $36 |
| Tang. Book Value ($M) | ▲ | $37 | +6.16 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +6.83 | $34 |
| Loan / Deposit Ratio (%) | ▼ | 77.52% | -2.72 | 80.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.42% | -0.10 | 1.52% |
| Allowance / Loans (%) | — | 1.03% | 0.00% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.75% | -1.42 | 2.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.22% | +1.24 | 16.98% |
Noninterest income ($0.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▁▁▃▅▆▆█ | Net Interest Margin (%) | 3.44% | 3.22% | 3.23% | 3.38% | 3.53% | 3.60% | 3.60% | 3.78% |
| ▅▁▃▄▆▆▇█ | Return on Assets (%) | 1.43% | 1.08% | 1.27% | 1.36% | 1.50% | 1.51% | 1.63% | 1.72% |
| ▄▇█▇▄▄▂▁ | Efficiency Ratio (%) | 47.5% | 50.6% | 52.7% | 51.2% | 48.0% | 47.9% | 45.0% | 43.4% |
| ▃█▃▃▂▂▁▁ | Cost of Funds (%) | 1.97% | 2.86% | 1.93% | 1.93% | 1.70% | 1.75% | 1.57% | 1.47% |
| ▆▁██▇█▇█ | NPA / Assets (%) | 1.06% | 0.15% | 1.57% | 1.52% | 1.36% | 1.42% | 1.34% | 1.42% |
| ▆▁████▇▃ | Net Charge-Off Ratio (%) | 1.50% | 0.21% | 2.23% | 2.17% | 2.04% | 2.05% | 1.98% | 0.75% |
| ▃▁▂▂▅▅▆█ | Tang. Book Value ($M) | $32 | $30 | $31 | $31 | $34 | $34 | $35 | $37 |
| █▁▂▄▆██▅ | Gross Loans ($M) | $212 | $207 | $208 | $210 | $211 | $211 | $212 | $210 |
| ▃▁▅▄█▆▇▇ | Total Deposits ($M) | $254 | $246 | $259 | $259 | $272 | $263 | $269 | $268 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Agricultural | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 29% |