Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.54% | +0.20 | 1.34% |
| Return on Equity (%) | ▲ | 17.14% | +1.78 | 15.36% |
| Net Interest Margin (%) | ▲ | 4.16% | +0.04 | 4.12% |
| Efficiency Ratio (%) | ▲ | 77.59% | -0.96 | 78.55% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.20 | $2 |
| Cost of Funds (%) | ▲ | 2.30% | -0.13 | 2.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $548 | +38.64 | $509 |
| Gross Loans ($M) | ▲ | $430 | +23.25 | $407 |
| Loan Growth YoY (%) | ▼ | 87.33% | -4.16 | 91.49% |
| Total Deposits ($M) | ▲ | $486 | +46.90 | $439 |
| Shareholders Equity ($M) | ▲ | $49 | +5.09 | $44 |
| Tang. Book Value ($M) | ▲ | $49 | +5.09 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +5.15 | $45 |
| Loan / Deposit Ratio (%) | ▼ | 87.33% | -4.16 | 91.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.21% | -0.02 | 0.23% |
| Allowance / Loans (%) | — | 1.24% | 0.07% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 0.26% | -0.03 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($5.62M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▆█▄▇ | Net Interest Margin (%) | 3.92% | 3.99% | 3.97% | 4.12% | 4.15% | 4.23% | 4.05% | 4.16% |
| ▆▆▁▆▇▇▅█ | Return on Assets (%) | 1.28% | 1.28% | 0.83% | 1.34% | 1.38% | 1.37% | 1.25% | 1.54% |
| ▂▂█▂▁▂▄▁ | Efficiency Ratio (%) | 78.7% | 78.8% | 85.0% | 78.5% | 78.2% | 78.6% | 80.5% | 77.6% |
| █▆▄▅▅▆▁▂ | Cost of Funds (%) | 2.59% | 2.47% | 2.37% | 2.43% | 2.45% | 2.47% | 2.24% | 2.30% |
| ▅▅▁▃█▁▅▁ | NPA / Assets (%) | 0.27% | 0.29% | 0.20% | 0.23% | 0.35% | 0.19% | 0.29% | 0.21% |
| ▅▆▂▃█▁▅▂ | Net Charge-Off Ratio (%) | 0.35% | 0.36% | 0.26% | 0.29% | 0.44% | 0.23% | 0.36% | 0.26% |
| ▁▁▁▃▅▆▆█ | Tang. Book Value ($M) | $41 | $41 | $41 | $44 | $46 | $46 | $46 | $49 |
| ▁▂▂▆▇▇▇█ | Gross Loans ($M) | $361 | $370 | $376 | $407 | $413 | $414 | $419 | $430 |
| ▁▁▃▄▄▅▇█ | Total Deposits ($M) | $406 | $414 | $431 | $439 | $443 | $450 | $473 | $486 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 10% |
| Agricultural | 15% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 13% |