Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.18% | -0.03 | 2.20% |
| Return on Equity (%) | ▼ | 12.82% | -3.20 | 16.02% |
| Net Interest Margin (%) | ▼ | 8.18% | -0.67 | 8.85% |
| Efficiency Ratio (%) | ▼ | 45.73% | +4.13 | 41.60% |
| Pre-Provision Profit ($M) | ▼ | $7 | -0.63 | $7 |
| Cost of Funds (%) | ▲ | 1.35% | -0.27 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $478 | +28.37 | $449 |
| Gross Loans ($M) | ▲ | $367 | +11.22 | $356 |
| Loan Growth YoY (%) | ▲ | 90.58% | +2.37 | 88.21% |
| Total Deposits ($M) | ▲ | $380 | +5.35 | $375 |
| Shareholders Equity ($M) | ▲ | $87 | +21.40 | $65 |
| Tang. Book Value ($M) | ▲ | $86 | +21.40 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $90 | +22.33 | $68 |
| Loan / Deposit Ratio (%) | ▲ | 90.58% | +2.37 | 88.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.71% | -0.25 | 1.96% |
| Allowance / Loans (%) | — | 6.27% | -0.90% | 7.17% |
| Net Charge-Off Ratio (%) | ▲ | 2.01% | -0.35 | 2.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.81% | +4.38 | 18.42% |
Noninterest income ($3.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▅▅▄▁▁ | Net Interest Margin (%) | 9.42% | 9.37% | 8.95% | 8.85% | 8.77% | 8.71% | 8.09% | 8.18% |
| ▁▂███▇██ | Return on Assets (%) | 0.85% | 1.20% | 2.18% | 2.20% | 2.14% | 2.08% | 2.26% | 2.18% |
| ▂▂▁▂▂▃▇█ | Efficiency Ratio (%) | 41.8% | 41.4% | 40.8% | 41.6% | 41.9% | 42.4% | 44.7% | 45.7% |
| █▇▄▅▃▂▁▁ | Cost of Funds (%) | 1.86% | 1.74% | 1.60% | 1.62% | 1.53% | 1.45% | 1.34% | 1.35% |
| ▁▁▁▇█▆▆▅ | NPA / Assets (%) | 1.05% | 1.04% | 1.11% | 1.96% | 2.15% | 1.86% | 1.74% | 1.71% |
| ▁▁▁▇█▆▆▅ | Net Charge-Off Ratio (%) | 1.16% | 1.15% | 1.29% | 2.36% | 2.54% | 2.18% | 2.12% | 2.01% |
| ▁▁▂▂▃▄██ | Tang. Book Value ($M) | $58 | $58 | $62 | $64 | $68 | $70 | $84 | $86 |
| ▂▅▄▃▁▄▆█ | Gross Loans ($M) | $354 | $361 | $359 | $356 | $351 | $358 | $362 | $367 |
| ▁▆█▃▂▅█▅ | Total Deposits ($M) | $369 | $382 | $386 | $375 | $373 | $381 | $388 | $380 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 7% |
| Agricultural | 12% |
| Consumer | 17% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 8% |