Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.18% | +0.14 | 2.04% |
| Return on Equity (%) | ▼ | 22.08% | -0.58 | 22.66% |
| Net Interest Margin (%) | ▲ | 4.17% | +0.07 | 4.10% |
| Efficiency Ratio (%) | ▲ | 49.33% | -1.90 | 51.23% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.15 | $2 |
| Cost of Funds (%) | ▲ | 1.81% | -0.04 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $361 | +30.65 | $330 |
| Gross Loans ($M) | ▲ | $249 | +12.43 | $237 |
| Loan Growth YoY (%) | ▼ | 87.05% | -3.10 | 90.16% |
| Total Deposits ($M) | ▲ | $283 | +23.34 | $259 |
| Shareholders Equity ($M) | ▲ | $36 | +5.31 | $31 |
| Tang. Book Value ($M) | ▲ | $36 | +5.31 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +5.84 | $34 |
| Loan / Deposit Ratio (%) | ▼ | 87.05% | -3.10 | 90.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.04 | 0.07% |
| Allowance / Loans (%) | — | 1.17% | 0.01% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.06 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▇▇▆█ | Net Interest Margin (%) | 3.91% | 3.91% | 3.91% | 4.10% | 4.12% | 4.12% | 4.10% | 4.17% |
| ▁▁▁▅▅▆▇█ | Return on Assets (%) | 1.84% | 1.82% | 1.82% | 2.04% | 2.03% | 2.05% | 2.13% | 2.18% |
| ███▃▅▄▁▁ | Efficiency Ratio (%) | 53.9% | 54.5% | 54.3% | 51.2% | 52.0% | 51.5% | 49.7% | 49.3% |
| ▂█▂▂▄▂▁▁ | Cost of Funds (%) | 1.85% | 2.06% | 1.84% | 1.86% | 1.90% | 1.85% | 1.79% | 1.81% |
| ▄▄▄▃▅█▁▁ | NPA / Assets (%) | 0.08% | 0.07% | 0.09% | 0.07% | 0.09% | 0.15% | 0.04% | 0.03% |
| ▅▅▆▄▃█▁▁ | Net Charge-Off Ratio (%) | 0.11% | 0.10% | 0.12% | 0.10% | 0.08% | 0.18% | 0.02% | 0.04% |
| ▂▁▁▃▅▇▇█ | Tang. Book Value ($M) | $29 | $28 | $29 | $30 | $33 | $34 | $34 | $36 |
| ▁▁▁▃▃▅▅█ | Gross Loans ($M) | $232 | $232 | $233 | $237 | $237 | $242 | $242 | $249 |
| ▁▃▅▄▅▇▇█ | Total Deposits ($M) | $238 | $252 | $262 | $259 | $261 | $272 | $275 | $283 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 13% |
| Agricultural | 18% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 12% |