Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.28% | -0.74 | 2.02% |
| Return on Equity (%) | ▼ | 20.27% | -16.03 | 36.30% |
| Net Interest Margin (%) | ▼ | 3.31% | -0.38 | 3.68% |
| Efficiency Ratio (%) | ▼ | 64.52% | +14.80 | 49.72% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.48 | $1 |
| Cost of Funds (%) | ▲ | 1.46% | -0.07 | 1.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $288 | +13.13 | $275 |
| Gross Loans ($M) | ▼ | $144 | -15.39 | $159 |
| Loan Growth YoY (%) | ▼ | 51.93% | -8.77 | 60.70% |
| Total Deposits ($M) | ▲ | $269 | +10.89 | $258 |
| Shareholders Equity ($M) | ▲ | $19 | +2.28 | $16 |
| Tang. Book Value ($M) | ▲ | $18 | +2.28 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $22 | +2.78 | $19 |
| Loan / Deposit Ratio (%) | ▼ | 51.93% | -8.77 | 60.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.73% | +0.82 | 0.91% |
| Allowance / Loans (%) | — | 2.62% | 1.26% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 3.47% | +1.90 | 1.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▃▅▅▄▁▁ | Net Interest Margin (%) | 4.07% | 4.00% | 3.53% | 3.68% | 3.70% | 3.63% | 3.24% | 3.31% |
| ▄▃██▇▁▃▃ | Return on Assets (%) | 1.38% | 1.25% | 2.02% | 2.02% | 1.84% | 0.96% | 1.29% | 1.28% |
| ▁▃▁▂▁▅██ | Efficiency Ratio (%) | 48.3% | 53.7% | 47.5% | 49.7% | 48.1% | 56.6% | 62.6% | 64.5% |
| █▆▆▄▅▄▁▂ | Cost of Funds (%) | 1.63% | 1.58% | 1.56% | 1.53% | 1.55% | 1.51% | 1.43% | 1.46% |
| ▂▁▁▁█▇▆▅ | NPA / Assets (%) | 1.11% | 0.86% | 0.79% | 0.91% | 2.57% | 2.28% | 2.03% | 1.73% |
| ▁▁▁▁███▆ | Net Charge-Off Ratio (%) | 1.66% | 1.45% | 1.34% | 1.58% | 4.24% | 4.42% | 4.24% | 3.47% |
| ▄▁▄▄█▇▇█ | Tang. Book Value ($M) | $16 | $14 | $16 | $16 | $18 | $17 | $17 | $18 |
| █▆▅▄▃▁▁▁ | Gross Loans ($M) | $179 | $168 | $163 | $159 | $154 | $142 | $140 | $144 |
| ▁▆▄▃▁▃█▇ | Total Deposits ($M) | $249 | $267 | $261 | $258 | $252 | $257 | $274 | $269 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 50% |
| C&I / Commercial | 36% |
| Agricultural | 12% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 8% |