Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -2.24% | -2.42 | 0.18% |
| Return on Equity (%) | ▼ | -28.90% | -31.57 | 2.67% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.47 | 3.34% |
| Efficiency Ratio (%) | ▼ | 82.92% | +0.32 | 82.59% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.25 | $0 |
| Cost of Funds (%) | ▲ | 1.49% | -0.19 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $482 | -39.38 | $521 |
| Gross Loans ($M) | ▼ | $338 | -23.62 | $362 |
| Loan Growth YoY (%) | ▼ | 81.29% | -5.79 | 87.08% |
| Total Deposits ($M) | ▼ | $403 | -4.45 | $408 |
| Shareholders Equity ($M) | ▼ | $35 | -2.22 | $37 |
| Tang. Book Value ($M) | ▼ | $30 | -2.19 | $32 |
| TBV excl. AOCI ($M)** | ▼ | $35 | -2.74 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 81.29% | -5.79 | 87.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.54% | +0.47 | 4.07% |
| Allowance / Loans (%) | — | 2.99% | 1.19% | 1.80% |
| Net Charge-Off Ratio (%) | ▼ | 6.26% | +0.47 | 5.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.61% | -0.78 | 11.39% |
Noninterest income ($0.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▂▃▅▇█ | Net Interest Margin (%) | 3.22% | 3.25% | 3.39% | 3.34% | 3.43% | 3.56% | 3.73% | 3.81% |
| ██████▇▁ | Return on Assets (%) | -0.00% | -0.11% | 0.09% | 0.18% | 0.14% | 0.19% | -0.18% | -2.24% |
| ██▁▅▆▄▃▅ | Efficiency Ratio (%) | 88.5% | 87.1% | 76.0% | 82.6% | 84.4% | 81.7% | 80.3% | 82.9% |
| ██▄▄▄▃▂▁ | Cost of Funds (%) | 1.95% | 1.93% | 1.69% | 1.68% | 1.68% | 1.63% | 1.57% | 1.49% |
| ▁▅▆▇▇▇▆█ | NPA / Assets (%) | 1.49% | 3.30% | 3.46% | 4.07% | 4.05% | 3.86% | 3.77% | 4.54% |
| ▁▆▆█▇▇▇█ | Net Charge-Off Ratio (%) | 2.14% | 4.73% | 5.00% | 5.79% | 5.72% | 5.46% | 5.31% | 6.26% |
| ▃▁▃▄▆██▂ | Tang. Book Value ($M) | $32 | $29 | $31 | $32 | $34 | $36 | $36 | $30 |
| █▆▆▅▅▄▃▁ | Gross Loans ($M) | $378 | $368 | $365 | $362 | $360 | $358 | $351 | $338 |
| ▆▄█▄▁▂▆▂ | Total Deposits ($M) | $413 | $407 | $419 | $408 | $400 | $405 | $412 | $403 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 4% |
| Agricultural | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 8% |