Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.88% | +0.22 | 0.67% |
| Return on Equity (%) | ▲ | 12.98% | +1.83 | 11.15% |
| Net Interest Margin (%) | ▲ | 3.21% | +0.14 | 3.07% |
| Efficiency Ratio (%) | ▲ | 71.36% | -5.75 | 77.11% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.35 | $1 |
| Cost of Funds (%) | ▲ | 2.01% | -0.17 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $353 | +30.53 | $322 |
| Gross Loans ($M) | ▲ | $224 | +11.35 | $212 |
| Loan Growth YoY (%) | ▼ | 77.63% | -8.12 | 85.75% |
| Total Deposits ($M) | ▲ | $284 | +39.97 | $244 |
| Shareholders Equity ($M) | ▲ | $25 | +6.57 | $19 |
| Tang. Book Value ($M) | ▲ | $25 | +6.57 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $29 | +6.81 | $22 |
| Loan / Deposit Ratio (%) | ▼ | 77.63% | -8.12 | 85.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.54 | 0.54% |
| Allowance / Loans (%) | — | 1.39% | -0.00% | 1.39% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.82 | 0.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.05% | +0.69 | 12.36% |
Noninterest income ($0.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▆▅▆▇█ | Net Interest Margin (%) | 2.79% | 2.83% | 3.06% | 3.07% | 3.04% | 3.06% | 3.13% | 3.21% |
| ▁▂▅▄▄▅▇█ | Return on Assets (%) | 0.48% | 0.55% | 0.71% | 0.67% | 0.67% | 0.69% | 0.81% | 0.88% |
| █▆▄▄▄▃▂▁ | Efficiency Ratio (%) | 83.5% | 80.3% | 76.9% | 77.1% | 76.2% | 74.5% | 73.0% | 71.4% |
| ██▄▄▅▃▁▁ | Cost of Funds (%) | 2.39% | 2.39% | 2.20% | 2.18% | 2.21% | 2.14% | 2.05% | 2.01% |
| ████▁▂▁▁ | NPA / Assets (%) | 0.55% | 0.58% | 0.56% | 0.54% | 0.00% | 0.11% | 0.00% | 0.00% |
| ████▁▂▁▁ | Net Charge-Off Ratio (%) | 0.86% | 0.86% | 0.85% | 0.82% | 0.00% | 0.17% | 0.00% | 0.00% |
| ▃▁▁▁▃▅▇█ | Tang. Book Value ($M) | $21 | $19 | $19 | $18 | $21 | $22 | $24 | $25 |
| ▁▁▁▃▄▇▇█ | Gross Loans ($M) | $207 | $209 | $207 | $212 | $214 | $221 | $220 | $224 |
| ▂▁▁▁▆███ | Total Deposits ($M) | $248 | $241 | $245 | $244 | $268 | $280 | $282 | $284 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 9% |