Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.82% | -0.01 | 0.83% |
| Return on Equity (%) | ▼ | 10.76% | -0.87 | 11.63% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.31 | 3.36% |
| Efficiency Ratio (%) | ▼ | 71.07% | +3.17 | 67.90% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.04 | $1 |
| Cost of Funds (%) | ▲ | 2.29% | -0.05 | 2.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $440 | +24.80 | $415 |
| Gross Loans ($M) | ▲ | $354 | +30.44 | $324 |
| Loan Growth YoY (%) | ▲ | 91.26% | +0.94 | 90.32% |
| Total Deposits ($M) | ▲ | $386 | +29.33 | $356 |
| Shareholders Equity ($M) | ▲ | $34 | +4.13 | $30 |
| Tang. Book Value ($M) | ▲ | $34 | +4.13 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +3.64 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 91.26% | +0.94 | 90.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -0.03 | 0.25% |
| Allowance / Loans (%) | — | 0.70% | 0.04% | 0.66% |
| Net Charge-Off Ratio (%) | ▲ | 0.24% | -0.09 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.44% | +0.00 | 11.44% |
Noninterest income ($0.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▅██ | Net Interest Margin (%) | 3.18% | 3.19% | 3.29% | 3.36% | 3.45% | 3.47% | 3.62% | 3.67% |
| ▁▁▆███▆█ | Return on Assets (%) | 0.64% | 0.62% | 0.79% | 0.83% | 0.84% | 0.83% | 0.78% | 0.82% |
| ▇█▃▁▁▃▇▅ | Efficiency Ratio (%) | 72.6% | 73.5% | 69.4% | 67.9% | 68.5% | 69.8% | 72.1% | 71.1% |
| ▅▆▇▃██▁▂ | Cost of Funds (%) | 2.42% | 2.46% | 2.48% | 2.34% | 2.51% | 2.53% | 2.25% | 2.29% |
| █▆▆▃▂▂▁▁ | NPA / Assets (%) | 0.35% | 0.31% | 0.31% | 0.25% | 0.25% | 0.25% | 0.22% | 0.23% |
| █▇▇▄▄▄▁▁ | Net Charge-Off Ratio (%) | 0.45% | 0.41% | 0.40% | 0.32% | 0.31% | 0.32% | 0.22% | 0.24% |
| ▁▁▂▄▅▇▇█ | Tang. Book Value ($M) | $28 | $27 | $28 | $30 | $31 | $32 | $33 | $34 |
| ▁▂▃▅▆▆▇█ | Gross Loans ($M) | $279 | $292 | $301 | $324 | $329 | $334 | $343 | $354 |
| ▁▂▄▅▆▇██ | Total Deposits ($M) | $309 | $323 | $344 | $356 | $365 | $370 | $382 | $386 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 10% |