Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.20 | 1.04% |
| Return on Equity (%) | ▲ | 15.74% | +1.74 | 14.00% |
| Net Interest Margin (%) | ▲ | 3.52% | +0.14 | 3.38% |
| Efficiency Ratio (%) | ▲ | 56.70% | -4.04 | 60.73% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.50 | $2 |
| Cost of Funds (%) | ▲ | 1.88% | -0.05 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $770 | +48.46 | $722 |
| Gross Loans ($M) | ▲ | $517 | +27.04 | $490 |
| Loan Growth YoY (%) | ▼ | 71.97% | -0.81 | 72.78% |
| Total Deposits ($M) | ▲ | $706 | +44.15 | $662 |
| Shareholders Equity ($M) | ▲ | $60 | +5.00 | $55 |
| Tang. Book Value ($M) | ▲ | $58 | +5.97 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $67 | +6.95 | $60 |
| Loan / Deposit Ratio (%) | ▼ | 71.97% | -0.81 | 72.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.51% | +0.31 | 0.20% |
| Allowance / Loans (%) | — | 1.72% | 0.03% | 1.69% |
| Net Charge-Off Ratio (%) | ▼ | 0.68% | +0.49 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.17% | +0.31 | 11.86% |
Noninterest income ($1.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▇▇▇█ | Net Interest Margin (%) | 3.17% | 3.21% | 3.31% | 3.38% | 3.44% | 3.47% | 3.46% | 3.52% |
| ▁▁▄▄▃▃█▇ | Return on Assets (%) | 0.84% | 0.83% | 1.05% | 1.04% | 1.01% | 0.97% | 1.31% | 1.23% |
| ██▄▄▅▅▁▂ | Efficiency Ratio (%) | 66.6% | 66.6% | 60.6% | 60.7% | 61.2% | 62.0% | 55.2% | 56.7% |
| █▆▃▃▆▃▁▂ | Cost of Funds (%) | 2.12% | 2.04% | 1.91% | 1.93% | 2.02% | 1.93% | 1.82% | 1.88% |
| ▂▁▁▁▁▁██ | NPA / Assets (%) | 0.24% | 0.17% | 0.18% | 0.20% | 0.17% | 0.16% | 0.50% | 0.51% |
| ▂▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.24% | 0.13% | 0.16% | 0.18% | 0.16% | 0.16% | 0.67% | 0.68% |
| ▂▁▃▅▇███ | Tang. Book Value ($M) | $48 | $46 | $50 | $52 | $56 | $58 | $58 | $58 |
| ▁▂▁▃▅▇▆█ | Gross Loans ($M) | $478 | $483 | $480 | $490 | $500 | $512 | $505 | $517 |
| ▁▃▄▅▅▇██ | Total Deposits ($M) | $603 | $637 | $651 | $662 | $666 | $687 | $702 | $706 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 12% |
| Agricultural | 3% |
| Consumer | 9% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 6% |