Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.43% | +0.30 | 1.12% |
| Return on Equity (%) | ▲ | 12.71% | +1.74 | 10.97% |
| Net Interest Margin (%) | ▲ | 4.73% | +0.21 | 4.52% |
| Efficiency Ratio (%) | ▲ | 72.92% | -5.59 | 78.51% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.08 | $1 |
| Cost of Funds (%) | ▼ | 1.37% | +0.01 | 1.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $173 | +11.34 | $162 |
| Gross Loans ($M) | ▲ | $96 | +6.24 | $89 |
| Loan Growth YoY (%) | ▲ | 62.12% | +0.47 | 61.65% |
| Total Deposits ($M) | ▲ | $152 | +8.76 | $144 |
| Shareholders Equity ($M) | ▲ | $19 | +2.38 | $17 |
| Tang. Book Value ($M) | ▲ | $19 | +2.41 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +2.53 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 62.12% | +0.47 | 61.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.15% | -0.34 | 1.49% |
| Allowance / Loans (%) | — | 1.08% | 0.06% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 1.19% | -0.27 | 1.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.79M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▇█▇█ | Net Interest Margin (%) | 4.19% | 4.23% | 4.36% | 4.52% | 4.62% | 4.67% | 4.65% | 4.73% |
| ▁▃▄▄▄▆█▆ | Return on Assets (%) | 0.74% | 0.99% | 1.17% | 1.12% | 1.15% | 1.34% | 1.67% | 1.43% |
| █▆▅▅▅▃▁▂ | Efficiency Ratio (%) | 84.9% | 81.2% | 78.7% | 78.5% | 77.7% | 74.9% | 70.2% | 72.9% |
| ▇█▃▂▁▁▂▂ | Cost of Funds (%) | 1.52% | 1.55% | 1.39% | 1.36% | 1.31% | 1.34% | 1.35% | 1.37% |
| ▁█▆█▂▃▄▃ | NPA / Assets (%) | 1.00% | 1.47% | 1.32% | 1.49% | 1.10% | 1.18% | 1.22% | 1.15% |
| ▁█▆█▁▂▄▅ | Net Charge-Off Ratio (%) | 0.74% | 1.46% | 1.22% | 1.47% | 0.83% | 0.91% | 1.09% | 1.19% |
| ▃▁▃▄▆▇██ | Tang. Book Value ($M) | $16 | $15 | $16 | $16 | $18 | $18 | $19 | $19 |
| ▁▂▂▃▅▆█▇ | Gross Loans ($M) | $87 | $88 | $88 | $89 | $92 | $94 | $97 | $96 |
| ▁▁▃▃▄▆██ | Total Deposits ($M) | $139 | $140 | $143 | $144 | $146 | $149 | $153 | $152 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 8% |
| Agricultural | 6% |
| Consumer | 10% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |