Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.01 | 0.84% |
| Return on Equity (%) | ▼ | 11.05% | -0.66 | 11.71% |
| Net Interest Margin (%) | ▲ | 4.25% | +0.56 | 3.69% |
| Efficiency Ratio (%) | ▲ | 70.18% | -1.57 | 71.75% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.51 | $2 |
| Cost of Funds (%) | ▲ | 1.26% | -0.03 | 1.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $692 | +63.88 | $628 |
| Gross Loans ($M) | ▲ | $516 | +97.55 | $418 |
| Loan Growth YoY (%) | ▲ | 82.45% | +9.35 | 73.09% |
| Total Deposits ($M) | ▲ | $618 | +53.50 | $564 |
| Shareholders Equity ($M) | ▲ | $54 | +7.86 | $46 |
| Tang. Book Value ($M) | ▲ | $45 | +7.85 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $51 | +6.21 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 82.45% | +9.35 | 73.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.06 | 0.21% |
| Allowance / Loans (%) | — | 1.25% | -0.13% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 0.37% | +0.05 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.75% | -0.93 | 11.68% |
Noninterest income ($1.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▅██ | Net Interest Margin (%) | 3.23% | 3.32% | 3.64% | 3.69% | 3.76% | 3.81% | 4.23% | 4.25% |
| ▃▁▃██▇▅█ | Return on Assets (%) | 0.67% | 0.59% | 0.66% | 0.84% | 0.84% | 0.80% | 0.73% | 0.85% |
| ▅█▇▃▁▂▂▁ | Efficiency Ratio (%) | 73.3% | 76.3% | 75.1% | 71.8% | 70.8% | 71.1% | 71.6% | 70.2% |
| █▆▁▁▃▁▁▁ | Cost of Funds (%) | 1.56% | 1.45% | 1.26% | 1.28% | 1.35% | 1.26% | 1.25% | 1.26% |
| ▁▁█▃▃▆▅▄ | NPA / Assets (%) | 0.09% | 0.10% | 0.51% | 0.21% | 0.20% | 0.40% | 0.33% | 0.27% |
| ▁▁█▃▃▆▄▃ | Net Charge-Off Ratio (%) | 0.13% | 0.16% | 0.79% | 0.32% | 0.30% | 0.59% | 0.44% | 0.37% |
| ▂▁▂▄▅▇▇█ | Tang. Book Value ($M) | $34 | $33 | $36 | $37 | $40 | $42 | $43 | $45 |
| ▁▁▁▂▃▄▇█ | Gross Loans ($M) | $391 | $389 | $393 | $418 | $433 | $452 | $497 | $516 |
| ▁▁▂▄▆▆▇█ | Total Deposits ($M) | $532 | $542 | $552 | $564 | $586 | $586 | $603 | $618 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 24% |
| Agricultural | 7% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 5% |