Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.59 | 0.44% |
| Return on Equity (%) | ▲ | 6.04% | +3.53 | 2.51% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.17 | 3.47% |
| Efficiency Ratio (%) | ▲ | 66.74% | -14.79 | 81.53% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.64 | $0 |
| Cost of Funds (%) | ▼ | 2.32% | +0.08 | 2.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $245 | +12.09 | $233 |
| Gross Loans ($M) | ▲ | $192 | +11.09 | $181 |
| Loan Growth YoY (%) | ▲ | 97.81% | +0.73 | 97.08% |
| Total Deposits ($M) | ▲ | $194 | +9.78 | $185 |
| Shareholders Equity ($M) | ▲ | $42 | +2.29 | $40 |
| Tang. Book Value ($M) | ▲ | $42 | +2.40 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +2.51 | $40 |
| Loan / Deposit Ratio (%) | ▲ | 97.81% | +0.73 | 97.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.90% | -0.23 | 1.13% |
| Allowance / Loans (%) | — | 1.07% | 0.02% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 1.14% | -0.31 | 1.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▄▅▅█ | Net Interest Margin (%) | 3.33% | 3.32% | 3.44% | 3.47% | 3.47% | 3.51% | 3.50% | 3.64% |
| ▁▁▁▁▁▂▄█ | Return on Assets (%) | 0.46% | 0.46% | 0.39% | 0.44% | 0.46% | 0.54% | 0.66% | 1.03% |
| ████▇▆▄▁ | Efficiency Ratio (%) | 82.6% | 82.2% | 83.1% | 81.5% | 80.2% | 77.0% | 73.5% | 66.7% |
| █▅▁▂▅▄▂▅ | Cost of Funds (%) | 2.39% | 2.31% | 2.22% | 2.24% | 2.31% | 2.30% | 2.25% | 2.32% |
| ▂█▅▄▇▇▅▁ | NPA / Assets (%) | 0.99% | 1.39% | 1.15% | 1.13% | 1.28% | 1.29% | 1.20% | 0.90% |
| ▂█▄▄▇▆▅▁ | Net Charge-Off Ratio (%) | 1.26% | 1.77% | 1.39% | 1.45% | 1.61% | 1.60% | 1.51% | 1.14% |
| ▁▁▂▂▄▅▆█ | Tang. Book Value ($M) | $39 | $39 | $39 | $40 | $40 | $41 | $41 | $42 |
| ▁▁▃▃▅██▇ | Gross Loans ($M) | $173 | $175 | $180 | $181 | $187 | $194 | $197 | $192 |
| ▁▁▃▅▅▆██ | Total Deposits ($M) | $172 | $175 | $179 | $185 | $186 | $188 | $196 | $194 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 16% |