Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.06% | +0.02 | 1.04% |
| Return on Equity (%) | ▲ | 11.96% | +0.47 | 11.49% |
| Net Interest Margin (%) | ▲ | 4.05% | +0.21 | 3.84% |
| Efficiency Ratio (%) | ▲ | 74.11% | -0.43 | 74.54% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.46 | $2 |
| Cost of Funds (%) | ▲ | 1.64% | -0.11 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $796 | +28.15 | $768 |
| Gross Loans ($M) | ▲ | $685 | +25.57 | $660 |
| Loan Growth YoY (%) | ▲ | 110.16% | +4.52 | 105.64% |
| Total Deposits ($M) | ▼ | $616 | -2.24 | $618 |
| Shareholders Equity ($M) | ▼ | $71 | -1.00 | $72 |
| Tang. Book Value ($M) | ▼ | $68 | -0.69 | $69 |
| TBV excl. AOCI ($M)** | ▼ | $72 | -0.62 | $73 |
| Loan / Deposit Ratio (%) | ▲ | 110.16% | +4.52 | 105.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Allowance / Loans (%) | — | 1.04% | -0.02% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.92% | -0.57 | 13.48% |
Noninterest income ($1.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▅▆▆▅▇█ | Net Interest Margin (%) | 3.55% | 3.43% | 3.75% | 3.84% | 3.89% | 3.77% | 3.94% | 4.05% |
| ▁▁▆▇██▅▇ | Return on Assets (%) | 0.60% | 0.65% | 0.95% | 1.04% | 1.13% | 1.12% | 0.90% | 1.06% |
| █▇▄▂▁▁▆▂ | Efficiency Ratio (%) | 81.4% | 79.6% | 75.9% | 74.5% | 72.7% | 72.3% | 78.1% | 74.1% |
| █▆▄▂▃▂▁▁ | Cost of Funds (%) | 2.35% | 2.13% | 1.95% | 1.75% | 1.88% | 1.76% | 1.69% | 1.64% |
| ▁▁█▂▁▁▄▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.12% | 0.02% | 0.01% | 0.01% | 0.06% | 0.00% |
| ▁▁█▂▁▁▄▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.14% | 0.02% | 0.02% | 0.01% | 0.07% | 0.00% |
| ▁▂▄▆█▁▃▅ | Tang. Book Value ($M) | $64 | $65 | $67 | $69 | $72 | $64 | $66 | $68 |
| █▇▃▁▂▃▁▆ | Gross Loans ($M) | $703 | $693 | $668 | $660 | $665 | $671 | $655 | $685 |
| ▁▆▇▆▃█▇▆ | Total Deposits ($M) | $578 | $613 | $621 | $618 | $597 | $632 | $620 | $616 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 3% |
| Agricultural | 17% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 10% |