Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.39% | +0.08 | 1.31% |
| Return on Equity (%) | ▲ | 12.98% | +1.11 | 11.87% |
| Net Interest Margin (%) | ▼ | 4.61% | -0.20 | 4.81% |
| Efficiency Ratio (%) | ▲ | 60.24% | -2.21 | 62.45% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.09 | $1 |
| Cost of Funds (%) | ▲ | 1.41% | -0.05 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $193 | +19.39 | $174 |
| Gross Loans ($M) | ▲ | $103 | +8.00 | $95 |
| Loan Growth YoY (%) | ▼ | 58.91% | -1.64 | 60.55% |
| Total Deposits ($M) | ▲ | $172 | +17.68 | $154 |
| Shareholders Equity ($M) | ▲ | $21 | +1.74 | $19 |
| Tang. Book Value ($M) | ▲ | $21 | +1.74 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +2.03 | $21 |
| Loan / Deposit Ratio (%) | ▼ | 58.91% | -1.64 | 60.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.69% | -0.16 | 0.85% |
| Allowance / Loans (%) | — | 1.51% | 0.00% | 1.51% |
| Net Charge-Off Ratio (%) | ▼ | 1.30% | +0.22 | 1.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆██▇▅▄ | Net Interest Margin (%) | 4.47% | 4.48% | 4.73% | 4.81% | 4.85% | 4.80% | 4.67% | 4.61% |
| ▁▁▅▆▆▆██ | Return on Assets (%) | 1.08% | 1.11% | 1.27% | 1.31% | 1.33% | 1.31% | 1.42% | 1.39% |
| █▇▄▄▃▃▁▁ | Efficiency Ratio (%) | 66.9% | 65.9% | 62.9% | 62.5% | 62.3% | 62.0% | 59.7% | 60.2% |
| █▅▄▃▄▁▂▂ | Cost of Funds (%) | 1.76% | 1.57% | 1.52% | 1.45% | 1.50% | 1.33% | 1.40% | 1.41% |
| ▆█▆▅▃▁▁▃ | NPA / Assets (%) | 0.92% | 1.17% | 0.90% | 0.85% | 0.68% | 0.52% | 0.44% | 0.69% |
| ▄█▄▄▁▁▂▅ | Net Charge-Off Ratio (%) | 1.17% | 1.72% | 1.18% | 1.07% | 0.73% | 0.65% | 0.83% | 1.30% |
| ▂▁▂▄▆▆▇█ | Tang. Book Value ($M) | $19 | $18 | $19 | $19 | $20 | $20 | $21 | $21 |
| ▁▁▂▄▅▆▆█ | Gross Loans ($M) | $88 | $89 | $90 | $95 | $97 | $97 | $98 | $103 |
| ▁▂▂▃▂███ | Total Deposits ($M) | $145 | $149 | $150 | $154 | $150 | $170 | $171 | $172 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 18% |
| Agricultural | 1% |
| Consumer | 9% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 8% |