Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.15% | -0.27 | 1.42% |
| Return on Equity (%) | ▼ | 12.86% | -2.76 | 15.62% |
| Net Interest Margin (%) | ▲ | 4.39% | +0.26 | 4.13% |
| Efficiency Ratio (%) | ▼ | 65.91% | +2.28 | 63.63% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.42 | $1 |
| Cost of Funds (%) | ▲ | 1.78% | -0.15 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $282 | +25.08 | $257 |
| Gross Loans ($M) | ▲ | $224 | +37.24 | $186 |
| Loan Growth YoY (%) | ▲ | 86.99% | +7.13 | 79.86% |
| Total Deposits ($M) | ▲ | $254 | +22.87 | $231 |
| Shareholders Equity ($M) | ▲ | $26 | +2.18 | $24 |
| Tang. Book Value ($M) | ▲ | $26 | +2.18 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +2.26 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 86.99% | +7.13 | 79.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.57% | -0.27 | 0.84% |
| Allowance / Loans (%) | — | 1.29% | 0.22% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 0.63% | -0.53 | 1.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.00M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▆▁▄▅▆▇█ | Net Interest Margin (%) | 4.25% | 4.24% | 3.88% | 4.13% | 4.15% | 4.20% | 4.30% | 4.39% |
| ▇█▅█▇▅▁▃ | Return on Assets (%) | 1.37% | 1.46% | 1.25% | 1.42% | 1.40% | 1.26% | 1.00% | 1.15% |
| ▅▃▂▁▁▃█▃ | Efficiency Ratio (%) | 68.4% | 66.4% | 65.7% | 63.6% | 63.3% | 66.8% | 73.1% | 65.9% |
| ▆█▆▆▃▅▂▁ | Cost of Funds (%) | 1.94% | 2.00% | 1.93% | 1.93% | 1.83% | 1.91% | 1.83% | 1.78% |
| ▁▁▅██▇▇▆ | NPA / Assets (%) | 0.01% | 0.06% | 0.47% | 0.84% | 0.76% | 0.71% | 0.69% | 0.57% |
| ▁▁▅█▄▄▃▅ | Net Charge-Off Ratio (%) | 0.01% | 0.08% | 0.68% | 1.16% | 0.47% | 0.46% | 0.43% | 0.63% |
| ▂▁▂▄▆█▇█ | Tang. Book Value ($M) | $22 | $22 | $23 | $24 | $25 | $25 | $25 | $26 |
| ▁▁▁▃▅▆██ | Gross Loans ($M) | $169 | $169 | $172 | $186 | $198 | $206 | $222 | $224 |
| ▁▂▃▄████ | Total Deposits ($M) | $209 | $215 | $224 | $231 | $256 | $257 | $253 | $254 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 12% |
| Agricultural | 11% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 19% |