Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.63% | +0.26 | 1.37% |
| Return on Equity (%) | ▲ | 22.23% | +1.10 | 21.13% |
| Net Interest Margin (%) | ▲ | 3.93% | +0.37 | 3.56% |
| Efficiency Ratio (%) | ▲ | 58.31% | -5.13 | 63.44% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.26 | $1 |
| Cost of Funds (%) | ▲ | 1.72% | -0.17 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $248 | +25.26 | $223 |
| Gross Loans ($M) | ▲ | $188 | +21.31 | $167 |
| Loan Growth YoY (%) | ▲ | 86.48% | +5.29 | 81.19% |
| Total Deposits ($M) | ▲ | $215 | +11.83 | $203 |
| Shareholders Equity ($M) | ▲ | $19 | +3.95 | $15 |
| Tang. Book Value ($M) | ▲ | $19 | +3.95 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +4.07 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 86.48% | +5.29 | 81.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.07 | 0.10% |
| Allowance / Loans (%) | — | 1.26% | 0.03% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.09 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.25% | 3.33% | 3.37% | 3.56% | 3.64% | 3.72% | 3.84% | 3.93% |
| ▁▂▃▅▆▆▇█ | Return on Assets (%) | 1.02% | 1.10% | 1.20% | 1.37% | 1.43% | 1.45% | 1.48% | 1.63% |
| ██▅▄▃▃▂▁ | Efficiency Ratio (%) | 71.7% | 70.1% | 66.3% | 63.4% | 62.5% | 62.4% | 60.8% | 58.3% |
| █▅▅▅▅▂▂▁ | Cost of Funds (%) | 2.00% | 1.88% | 1.87% | 1.89% | 1.88% | 1.78% | 1.76% | 1.72% |
| ▁▄▄█▇▃▁▂ | NPA / Assets (%) | 0.01% | 0.05% | 0.05% | 0.10% | 0.08% | 0.04% | 0.02% | 0.03% |
| ▁▄▄█▇▃▁▂ | Net Charge-Off Ratio (%) | 0.02% | 0.07% | 0.07% | 0.13% | 0.11% | 0.05% | 0.02% | 0.04% |
| ▃▁▂▂▅▆▆█ | Tang. Book Value ($M) | $15 | $14 | $15 | $15 | $17 | $17 | $18 | $19 |
| ▁▃▄▅▆█▇█ | Gross Loans ($M) | $144 | $159 | $163 | $167 | $176 | $183 | $181 | $188 |
| ▁▃▆▅▅▇█▇ | Total Deposits ($M) | $184 | $194 | $209 | $203 | $204 | $214 | $220 | $215 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 5% |
| Agricultural | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 11% |