Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.13% | +0.16 | 0.98% |
| Return on Equity (%) | ▲ | 13.33% | +0.91 | 12.42% |
| Net Interest Margin (%) | ▲ | 3.45% | +0.25 | 3.20% |
| Efficiency Ratio (%) | ▲ | 65.83% | -3.66 | 69.50% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.42 | $2 |
| Cost of Funds (%) | ▲ | 1.66% | -0.19 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $616 | +43.87 | $572 |
| Gross Loans ($M) | ▲ | $456 | +27.34 | $429 |
| Loan Growth YoY (%) | ▼ | 82.03% | -0.60 | 82.63% |
| Total Deposits ($M) | ▲ | $549 | +36.65 | $512 |
| Shareholders Equity ($M) | ▲ | $53 | +6.84 | $46 |
| Tang. Book Value ($M) | ▲ | $50 | +6.74 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +6.66 | $49 |
| Loan / Deposit Ratio (%) | ▼ | 82.03% | -0.60 | 82.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.05% | -0.37 | 1.42% |
| Allowance / Loans (%) | — | 1.32% | -0.01% | 1.33% |
| Net Charge-Off Ratio (%) | ▲ | 1.41% | -0.47 | 1.89% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.93% | +0.25 | 13.69% |
Noninterest income ($1.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▇██ | Net Interest Margin (%) | 2.80% | 2.85% | 3.09% | 3.20% | 3.28% | 3.32% | 3.41% | 3.45% |
| ▁▂▄▅▆▆██ | Return on Assets (%) | 0.77% | 0.83% | 0.95% | 0.98% | 1.00% | 1.03% | 1.12% | 1.13% |
| █▇▄▄▃▃▁▁ | Efficiency Ratio (%) | 74.8% | 72.8% | 69.9% | 69.5% | 69.1% | 68.4% | 66.0% | 65.8% |
| █▆▄▄▄▂▁▁ | Cost of Funds (%) | 2.14% | 2.00% | 1.85% | 1.85% | 1.83% | 1.74% | 1.62% | 1.66% |
| ▁███▆▅▄▄ | NPA / Assets (%) | 0.70% | 1.51% | 1.52% | 1.42% | 1.29% | 1.16% | 1.09% | 1.05% |
| ▁██▇▆▅▄▄ | Net Charge-Off Ratio (%) | 0.96% | 2.05% | 2.03% | 1.89% | 1.70% | 1.54% | 1.45% | 1.41% |
| ▁▁▂▂▄▆▆█ | Tang. Book Value ($M) | $43 | $42 | $44 | $44 | $46 | $48 | $48 | $50 |
| ▁▁▁▂▂▅▇█ | Gross Loans ($M) | $424 | $428 | $428 | $429 | $432 | $442 | $450 | $456 |
| ▆▆▃▃▁▄▆█ | Total Deposits ($M) | $529 | $532 | $507 | $512 | $490 | $517 | $533 | $549 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 6% |