Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.54% | -0.07 | 1.61% |
| Return on Equity (%) | ▼ | 15.26% | -1.67 | 16.93% |
| Net Interest Margin (%) | ▲ | 4.29% | +0.14 | 4.15% |
| Efficiency Ratio (%) | ▼ | 66.55% | +4.17 | 62.38% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.07 | $1 |
| Cost of Funds (%) | ▲ | 1.47% | -0.06 | 1.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $275 | +14.50 | $261 |
| Gross Loans ($M) | ▼ | $154 | -6.52 | $160 |
| Loan Growth YoY (%) | ▼ | 61.55% | -5.75 | 67.30% |
| Total Deposits ($M) | ▲ | $245 | +11.22 | $234 |
| Shareholders Equity ($M) | ▲ | $28 | +2.41 | $26 |
| Tang. Book Value ($M) | ▲ | $27 | +2.41 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +2.52 | $27 |
| Loan / Deposit Ratio (%) | ▼ | 61.55% | -5.75 | 67.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.01 | 0.03% |
| Allowance / Loans (%) | — | 2.07% | 0.09% | 1.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.01 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.55% | +1.18 | 16.37% |
Noninterest income ($0.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▁▅▅▅██ | Net Interest Margin (%) | 4.16% | 4.18% | 3.98% | 4.15% | 4.18% | 4.15% | 4.31% | 4.29% |
| ▇█▂▃▄▄▁▁ | Return on Assets (%) | 1.72% | 1.76% | 1.57% | 1.61% | 1.62% | 1.64% | 1.53% | 1.54% |
| ▂▁▃▄▄▄██ | Efficiency Ratio (%) | 60.8% | 59.4% | 61.9% | 62.4% | 62.6% | 62.1% | 66.1% | 66.6% |
| ▁▅█▆▆▃▁▂ | Cost of Funds (%) | 1.44% | 1.51% | 1.57% | 1.53% | 1.53% | 1.49% | 1.45% | 1.47% |
| ██▅▅▄▃▁▁ | NPA / Assets (%) | 0.03% | 0.03% | 0.03% | 0.03% | 0.02% | 0.02% | 0.02% | 0.02% |
| ██▅▅▅▅▁▁ | Net Charge-Off Ratio (%) | 0.05% | 0.05% | 0.04% | 0.04% | 0.04% | 0.04% | 0.03% | 0.03% |
| ▂▁▂▄▆███ | Tang. Book Value ($M) | $24 | $23 | $24 | $25 | $26 | $26 | $27 | $27 |
| ▇█▆▅▄▁▇▂ | Gross Loans ($M) | $165 | $168 | $164 | $160 | $159 | $150 | $166 | $154 |
| ▂▄▁▂▄███ | Total Deposits ($M) | $233 | $238 | $231 | $234 | $239 | $245 | $246 | $245 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 15% |
| Agricultural | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 14% |