Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.73% | +0.23 | 1.50% |
| Return on Equity (%) | ▲ | 18.92% | +1.75 | 17.17% |
| Net Interest Margin (%) | ▲ | 3.39% | +0.21 | 3.19% |
| Efficiency Ratio (%) | ▲ | 52.48% | -2.36 | 54.84% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.44 | $3 |
| Cost of Funds (%) | ▲ | 2.26% | -0.14 | 2.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $759 | +46.74 | $712 |
| Gross Loans ($M) | ▲ | $637 | +26.53 | $611 |
| Loan Growth YoY (%) | ▼ | 92.88% | -2.06 | 94.94% |
| Total Deposits ($M) | ▲ | $677 | +42.15 | $634 |
| Shareholders Equity ($M) | ▲ | $71 | +5.97 | $65 |
| Tang. Book Value ($M) | ▲ | $68 | +5.97 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $70 | +5.97 | $64 |
| Loan / Deposit Ratio (%) | ▼ | 92.88% | -2.06 | 94.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.02 | 0.01% |
| Allowance / Loans (%) | — | 1.40% | 0.02% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.02 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.13% | +0.24 | 9.89% |
Noninterest income ($1.10M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▆▇█ | Net Interest Margin (%) | 2.89% | 2.92% | 3.05% | 3.19% | 3.21% | 3.23% | 3.30% | 3.39% |
| ▁▁▄▆▇▅██ | Return on Assets (%) | 1.17% | 1.09% | 1.39% | 1.50% | 1.57% | 1.41% | 1.70% | 1.73% |
| ▆█▃▂▁▅▁▁ | Efficiency Ratio (%) | 60.9% | 64.4% | 56.0% | 54.8% | 53.7% | 59.1% | 52.6% | 52.5% |
| █▅▃▅▄▄▁▂ | Cost of Funds (%) | 2.59% | 2.44% | 2.34% | 2.41% | 2.36% | 2.36% | 2.21% | 2.26% |
| ▅▇▇▁▂██▁ | NPA / Assets (%) | 0.09% | 0.14% | 0.13% | 0.01% | 0.03% | 0.15% | 0.16% | 0.03% |
| ▅▇▆▁▂██▁ | Net Charge-Off Ratio (%) | 0.11% | 0.16% | 0.15% | 0.02% | 0.04% | 0.18% | 0.20% | 0.04% |
| ▁▁▂▄▅▆▇█ | Tang. Book Value ($M) | $58 | $58 | $59 | $62 | $64 | $65 | $66 | $68 |
| ▁▄▆▅▃███ | Gross Loans ($M) | $578 | $607 | $615 | $611 | $598 | $632 | $637 | $637 |
| ▁▃▅▄▅▆█▇ | Total Deposits ($M) | $599 | $626 | $650 | $634 | $655 | $659 | $691 | $677 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 11% |
| Agricultural | 22% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 16% |