Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.33% | -0.99 | 1.32% |
| Return on Equity (%) | ▼ | 2.36% | -6.60 | 8.96% |
| Net Interest Margin (%) | ▼ | 4.85% | -0.60 | 5.44% |
| Efficiency Ratio (%) | ▼ | 78.18% | +22.35 | 55.83% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.47 | $1 |
| Cost of Funds (%) | ▼ | 1.21% | +0.71 | 0.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $265 | +81.05 | $184 |
| Gross Loans ($M) | ▲ | $149 | +61.54 | $87 |
| Loan Growth YoY (%) | ▲ | 65.69% | +9.44 | 56.24% |
| Total Deposits ($M) | ▲ | $224 | +70.29 | $153 |
| Shareholders Equity ($M) | ▲ | $36 | +10.08 | $26 |
| Tang. Book Value ($M) | ▲ | $28 | +10.76 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +10.55 | $20 |
| Loan / Deposit Ratio (%) | ▲ | 65.69% | +9.44 | 56.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.56% | +0.56 | 0.00% |
| Allowance / Loans (%) | — | 1.31% | 0.09% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 1.00% | +1.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃████▆▆ | Net Interest Margin (%) | 3.60% | 4.30% | 5.49% | 5.44% | 5.49% | 5.39% | 4.85% | 4.85% |
| ▄▅█▇▆▅▁▁ | Return on Assets (%) | 0.83% | 0.98% | 1.59% | 1.32% | 1.26% | 1.01% | 0.30% | 0.33% |
| ▁▁▁▁▂▃██ | Efficiency Ratio (%) | 52.9% | 54.4% | 55.9% | 55.8% | 59.1% | 62.2% | 76.1% | 78.2% |
| ▁▁▁▂▅▅██ | Cost of Funds (%) | 0.35% | 0.39% | 0.41% | 0.49% | 0.83% | 0.88% | 1.14% | 1.21% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.56% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 1.00% |
| ▁▁▁▂▇▇▇█ | Tang. Book Value ($M) | $14 | $14 | $15 | $17 | $25 | $26 | $26 | $28 |
| ▁▂▂▄▄▆▇█ | Gross Loans ($M) | $39 | $55 | $59 | $87 | $93 | $117 | $134 | $149 |
| ▁▂▂▃▅▆██ | Total Deposits ($M) | $117 | $136 | $133 | $153 | $179 | $195 | $222 | $224 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 21% |
| Agricultural | 5% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 11% |