Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.73% | +0.48 | 0.25% |
| Return on Equity (%) | ▲ | 7.79% | +4.95 | 2.84% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.25 | 3.48% |
| Efficiency Ratio (%) | ▲ | 74.60% | -15.05 | 89.65% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.57 | $1 |
| Cost of Funds (%) | ▲ | 1.87% | -0.09 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $464 | +31.37 | $433 |
| Gross Loans ($M) | ▲ | $390 | +48.43 | $342 |
| Loan Growth YoY (%) | ▲ | 96.50% | +5.45 | 91.05% |
| Total Deposits ($M) | ▲ | $400 | +28.62 | $372 |
| Shareholders Equity ($M) | ▲ | $47 | +9.42 | $38 |
| Tang. Book Value ($M) | ▲ | $47 | +9.42 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +9.32 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 96.50% | +5.45 | 91.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.00 | 0.26% |
| Allowance / Loans (%) | — | 0.93% | 0.03% | 0.90% |
| Net Charge-Off Ratio (%) | ▲ | 0.31% | -0.02 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -13.93 | 13.93% |
Noninterest income ($0.86M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▄▄▅▇█ | Net Interest Margin (%) | 3.35% | 3.36% | 3.26% | 3.48% | 3.45% | 3.50% | 3.66% | 3.72% |
| ▃▃▁▁▃▄██ | Return on Assets (%) | 0.40% | 0.37% | 0.17% | 0.25% | 0.36% | 0.44% | 0.80% | 0.73% |
| ▆▇█▇▇▅▁▁ | Efficiency Ratio (%) | 87.4% | 88.2% | 93.2% | 89.6% | 88.9% | 83.8% | 72.9% | 74.6% |
| ▁▁▇▇██▆▃ | Cost of Funds (%) | 1.83% | 1.84% | 1.97% | 1.97% | 2.00% | 1.99% | 1.95% | 1.87% |
| ▃▁▄▆█▃▆▆ | NPA / Assets (%) | 0.22% | 0.17% | 0.23% | 0.26% | 0.31% | 0.22% | 0.27% | 0.27% |
| ▃▁▄▆█▃▆▅ | Net Charge-Off Ratio (%) | 0.27% | 0.21% | 0.29% | 0.33% | 0.38% | 0.27% | 0.32% | 0.31% |
| ▁▁▁▁▂▃▃█ | Tang. Book Value ($M) | $38 | $37 | $37 | $38 | $39 | $40 | $41 | $47 |
| ▁▂▂▃▅▇▇█ | Gross Loans ($M) | $315 | $327 | $332 | $342 | $361 | $379 | $379 | $390 |
| ▁▃▅▅▆█▇█ | Total Deposits ($M) | $331 | $356 | $373 | $372 | $382 | $394 | $388 | $400 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 11% |