Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.38% | -0.34 | 1.73% |
| Return on Equity (%) | ▼ | 9.63% | -3.16 | 12.79% |
| Net Interest Margin (%) | ▲ | 3.98% | +0.31 | 3.67% |
| Efficiency Ratio (%) | ▼ | 68.24% | +7.41 | 60.83% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.51 | $2 |
| Cost of Funds (%) | ▲ | 1.57% | -0.38 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $341 | -2.96 | $344 |
| Gross Loans ($M) | ▼ | $244 | -8.54 | $252 |
| Loan Growth YoY (%) | ▲ | 92.07% | +7.37 | 84.70% |
| Total Deposits ($M) | ▼ | $259 | -32.87 | $292 |
| Shareholders Equity ($M) | ▲ | $51 | +3.86 | $47 |
| Tang. Book Value ($M) | ▲ | $51 | +3.86 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +3.61 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 92.07% | +7.37 | 84.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.94% | 0.14% | 1.80% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.43% | +1.92 | 14.51% |
Noninterest income ($1.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▆██ | Net Interest Margin (%) | 3.34% | 3.41% | 3.60% | 3.67% | 3.76% | 3.79% | 4.01% | 3.98% |
| ▁▂▆▇██▅▃ | Return on Assets (%) | 1.20% | 1.30% | 1.62% | 1.73% | 1.78% | 1.81% | 1.51% | 1.38% |
| █▇▃▁▁▁▆▇ | Efficiency Ratio (%) | 70.1% | 68.6% | 62.8% | 60.8% | 60.4% | 59.8% | 66.5% | 68.2% |
| █▆▄▅▆▂▁▁ | Cost of Funds (%) | 2.20% | 2.00% | 1.87% | 1.95% | 1.98% | 1.67% | 1.55% | 1.57% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▂▁▂▄▆▆▇█ | Tang. Book Value ($M) | $45 | $44 | $45 | $47 | $49 | $49 | $50 | $51 |
| ▁▃▇▇███▆ | Gross Loans ($M) | $219 | $229 | $250 | $252 | $256 | $258 | $258 | $244 |
| ▁▂▄█▆▆▆▅ | Total Deposits ($M) | $214 | $227 | $245 | $292 | $269 | $267 | $272 | $259 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 45% |
| C&I / Commercial | 2% |
| Agricultural | 1% |
| Other | 52% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 43% |
| Interest-Bearing (core) | 44% |
| Brokered / Other | 13% |