Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +0.16 | 1.30% |
| Return on Equity (%) | ▲ | 15.27% | +1.64 | 13.63% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.13 | 3.57% |
| Efficiency Ratio (%) | ▲ | 62.28% | -2.57 | 64.85% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.46 | $2 |
| Cost of Funds (%) | ▲ | 1.52% | -0.12 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $497 | +27.99 | $470 |
| Gross Loans ($M) | ▲ | $334 | +17.64 | $317 |
| Loan Growth YoY (%) | ▲ | 75.19% | +0.13 | 75.06% |
| Total Deposits ($M) | ▲ | $439 | +22.64 | $417 |
| Shareholders Equity ($M) | ▲ | $48 | +3.01 | $45 |
| Tang. Book Value ($M) | ▲ | $46 | +3.15 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +3.82 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 75.19% | +0.13 | 75.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.00 | 0.03% |
| Allowance / Loans (%) | — | 1.17% | -0.04% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.00 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.73% | +0.26 | 13.47% |
Noninterest income ($0.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▆▇█ | Net Interest Margin (%) | 3.39% | 3.40% | 3.55% | 3.57% | 3.60% | 3.61% | 3.65% | 3.70% |
| ▁▁▅▅▅▄▅█ | Return on Assets (%) | 1.11% | 1.12% | 1.33% | 1.30% | 1.31% | 1.26% | 1.32% | 1.46% |
| ██▄▄▄▆▄▁ | Efficiency Ratio (%) | 67.7% | 67.6% | 64.7% | 64.8% | 64.6% | 65.7% | 64.8% | 62.3% |
| █▇▅██▃▁▂ | Cost of Funds (%) | 1.65% | 1.61% | 1.58% | 1.64% | 1.64% | 1.54% | 1.48% | 1.52% |
| █▆▇▇▁▁▂▇ | NPA / Assets (%) | 0.04% | 0.03% | 0.03% | 0.03% | 0.00% | 0.00% | 0.01% | 0.03% |
| █▇▇▇▁▁▂▇ | Net Charge-Off Ratio (%) | 0.06% | 0.05% | 0.05% | 0.05% | 0.00% | 0.00% | 0.01% | 0.05% |
| ▁▁▃▄▅▆▇█ | Tang. Book Value ($M) | $41 | $41 | $42 | $43 | $44 | $44 | $46 | $46 |
| ▁▁▃▅▃▆▇█ | Gross Loans ($M) | $298 | $298 | $310 | $317 | $310 | $321 | $329 | $334 |
| ▁▂▅▅▄▇██ | Total Deposits ($M) | $391 | $403 | $418 | $417 | $412 | $431 | $442 | $439 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 11% |
| Agricultural | 17% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 12% |