Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.39 | 0.92% |
| Return on Equity (%) | ▲ | 16.69% | +4.21 | 12.48% |
| Net Interest Margin (%) | ▲ | 3.77% | +0.50 | 3.27% |
| Efficiency Ratio (%) | ▲ | 56.83% | -6.84 | 63.67% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.79 | $2 |
| Cost of Funds (%) | ▲ | 1.29% | -0.10 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $512 | +42.00 | $470 |
| Gross Loans ($M) | ▲ | $336 | +59.72 | $277 |
| Loan Growth YoY (%) | ▲ | 81.39% | +10.08 | 71.31% |
| Total Deposits ($M) | ▲ | $409 | +24.89 | $384 |
| Shareholders Equity ($M) | ▲ | $41 | +4.39 | $36 |
| Tang. Book Value ($M) | ▲ | $39 | +4.38 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $47 | +4.25 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 81.39% | +10.08 | 71.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.91% | +0.64 | 0.26% |
| Allowance / Loans (%) | — | 1.16% | 0.03% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 1.37% | +0.92 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.93% | -1.20 | 14.13% |
Noninterest income ($0.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 2.67% | 2.75% | 3.09% | 3.27% | 3.39% | 3.42% | 3.70% | 3.77% |
| ▁▁▂▃▄▄██ | Return on Assets (%) | 0.76% | 0.77% | 0.83% | 0.92% | 1.00% | 1.00% | 1.26% | 1.31% |
| ██▇▄▃▂▄▁ | Efficiency Ratio (%) | 70.7% | 70.1% | 67.5% | 63.7% | 60.6% | 59.0% | 62.2% | 56.8% |
| █▇▅▂▁▃▁▁ | Cost of Funds (%) | 1.71% | 1.65% | 1.52% | 1.38% | 1.30% | 1.41% | 1.30% | 1.29% |
| ▁▁▁▁▁▃██ | NPA / Assets (%) | 0.27% | 0.24% | 0.26% | 0.26% | 0.24% | 0.48% | 0.92% | 0.91% |
| ▂▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.55% | 0.44% | 0.47% | 0.45% | 0.41% | 0.53% | 1.48% | 1.37% |
| ▁▁▂▄▅▇▇█ | Tang. Book Value ($M) | $32 | $32 | $33 | $35 | $36 | $38 | $38 | $39 |
| ▁▂▂▃▅▆▇█ | Gross Loans ($M) | $243 | $255 | $260 | $277 | $292 | $310 | $317 | $336 |
| ▄▂▃▁▆▇█▆ | Total Deposits ($M) | $399 | $391 | $397 | $384 | $410 | $414 | $420 | $409 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 9% |
| Agricultural | 6% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 15% |