Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.46 | 0.64% |
| Return on Equity (%) | ▲ | 10.50% | +3.90 | 6.60% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.45 | 3.29% |
| Efficiency Ratio (%) | ▲ | 71.06% | -2.90 | 73.96% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.57 | $1 |
| Cost of Funds (%) | ▲ | 2.18% | -0.31 | 2.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $524 | +5.02 | $519 |
| Gross Loans ($M) | ▲ | $454 | +3.67 | $450 |
| Loan Growth YoY (%) | ▲ | 99.93% | +2.28 | 97.65% |
| Total Deposits ($M) | ▼ | $448 | -6.49 | $455 |
| Shareholders Equity ($M) | ▲ | $55 | +3.56 | $51 |
| Tang. Book Value ($M) | ▲ | $53 | +3.73 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +3.49 | $52 |
| Loan / Deposit Ratio (%) | ▲ | 99.93% | +2.28 | 97.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.11 | 0.31% |
| Allowance / Loans (%) | — | 1.30% | -0.05% | 1.35% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.35 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.77% | +0.61 | 12.17% |
Noninterest income ($1.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅██ | Net Interest Margin (%) | 2.97% | 3.05% | 3.23% | 3.29% | 3.37% | 3.43% | 3.65% | 3.74% |
| ▂▄▁▃▂▃▇█ | Return on Assets (%) | 0.56% | 0.66% | 0.39% | 0.64% | 0.56% | 0.64% | 0.92% | 1.10% |
| █▇▄▃▄▄▄▁ | Efficiency Ratio (%) | 79.0% | 77.3% | 74.1% | 74.0% | 74.2% | 74.3% | 74.2% | 71.1% |
| █▆▃▄▄▂▁▁ | Cost of Funds (%) | 2.81% | 2.60% | 2.38% | 2.50% | 2.47% | 2.31% | 2.22% | 2.18% |
| █▁▂▂▁▁▁▁ | NPA / Assets (%) | 0.71% | 0.21% | 0.32% | 0.31% | 0.22% | 0.20% | 0.20% | 0.20% |
| █▄▇▆▁▁▁▁ | Net Charge-Off Ratio (%) | 0.48% | 0.23% | 0.38% | 0.35% | 0.02% | 0.01% | 0.01% | 0.01% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $46 | $47 | $48 | $50 | $50 | $51 | $53 | $53 |
| ▃█▂▆▁▅▁█ | Gross Loans ($M) | $446 | $455 | $444 | $450 | $442 | $449 | $442 | $454 |
| ▃▄█▆▁▅▆▅ | Total Deposits ($M) | $440 | $445 | $465 | $455 | $431 | $450 | $454 | $448 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 7% |
| Agricultural | 10% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 9% |