Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.28 | 0.82% |
| Return on Equity (%) | ▲ | 11.00% | +2.13 | 8.87% |
| Net Interest Margin (%) | ▲ | 4.28% | +0.39 | 3.89% |
| Efficiency Ratio (%) | ▲ | 65.97% | -5.48 | 71.45% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.31 | $1 |
| Cost of Funds (%) | ▲ | 1.94% | -0.12 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $262 | +12.92 | $249 |
| Gross Loans ($M) | ▲ | $212 | +3.68 | $208 |
| Loan Growth YoY (%) | ▼ | 89.67% | -2.44 | 92.11% |
| Total Deposits ($M) | ▲ | $234 | +10.01 | $224 |
| Shareholders Equity ($M) | ▲ | $27 | +2.97 | $24 |
| Tang. Book Value ($M) | ▲ | $26 | +3.01 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +3.52 | $24 |
| Loan / Deposit Ratio (%) | ▼ | 89.67% | -2.44 | 92.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.81% | +0.18 | 0.63% |
| Allowance / Loans (%) | — | 1.13% | 0.05% | 1.08% |
| Net Charge-Off Ratio (%) | ▼ | 0.89% | +0.14 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.45M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.64% | 3.68% | 3.75% | 3.89% | 3.97% | 4.05% | 4.18% | 4.28% |
| ▁▁▁▃▅▆▅█ | Return on Assets (%) | 0.73% | 0.75% | 0.70% | 0.82% | 0.91% | 0.97% | 0.93% | 1.10% |
| █▇█▆▅▃▄▁ | Efficiency Ratio (%) | 73.5% | 73.2% | 74.3% | 71.5% | 70.4% | 69.0% | 69.6% | 66.0% |
| ██▆▄▅▄▁▁ | Cost of Funds (%) | 2.22% | 2.20% | 2.11% | 2.06% | 2.10% | 2.04% | 1.91% | 1.94% |
| ▂▂▂▁▁▄█▅ | NPA / Assets (%) | 0.65% | 0.67% | 0.64% | 0.63% | 0.59% | 0.75% | 0.94% | 0.81% |
| ▂▁▁▁▁▃█▄ | Net Charge-Off Ratio (%) | 0.77% | 0.73% | 0.73% | 0.75% | 0.71% | 0.86% | 1.15% | 0.89% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $22 | $22 | $23 | $23 | $24 | $25 | $26 | $26 |
| ▁▁▄▄▇█▇▅ | Gross Loans ($M) | $202 | $203 | $208 | $208 | $215 | $218 | $214 | $212 |
| ▁▃▇▄▇▇██ | Total Deposits ($M) | $217 | $223 | $231 | $224 | $231 | $231 | $234 | $234 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 8% |