Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.33% | +0.35 | 0.99% |
| Return on Equity (%) | ▲ | 8.93% | +2.03 | 6.90% |
| Net Interest Margin (%) | ▲ | 2.90% | +0.45 | 2.45% |
| Efficiency Ratio (%) | ▲ | 50.68% | -6.81 | 57.49% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.79 | $2 |
| Cost of Funds (%) | ▲ | 2.15% | -0.29 | 2.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $613 | +4.26 | $609 |
| Gross Loans ($M) | ▲ | $461 | +1.07 | $460 |
| Loan Growth YoY (%) | ▼ | 94.94% | -2.43 | 97.37% |
| Total Deposits ($M) | ▲ | $479 | +13.06 | $466 |
| Shareholders Equity ($M) | ▲ | $93 | +4.29 | $88 |
| Tang. Book Value ($M) | ▲ | $91 | +4.44 | $86 |
| TBV excl. AOCI ($M)** | ▲ | $97 | +4.63 | $92 |
| Loan / Deposit Ratio (%) | ▼ | 94.94% | -2.43 | 97.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.17 | 0.11% |
| Allowance / Loans (%) | — | 1.38% | -0.00% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 0.37% | +0.23 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.29% | +0.43 | 17.86% |
Noninterest income ($0.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 1.95% | 2.04% | 2.39% | 2.45% | 2.49% | 2.56% | 2.88% | 2.90% |
| ▁▁▅▅▅▆██ | Return on Assets (%) | 0.60% | 0.64% | 0.99% | 0.99% | 1.03% | 1.07% | 1.31% | 1.33% |
| ██▃▃▃▃▁▁ | Efficiency Ratio (%) | 70.2% | 69.0% | 56.3% | 57.5% | 56.4% | 55.8% | 50.7% | 50.7% |
| █▄▄▅▅▂▁▁ | Cost of Funds (%) | 2.72% | 2.42% | 2.38% | 2.45% | 2.49% | 2.29% | 2.19% | 2.15% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.13% | 0.12% | 0.11% | 0.11% | 0.11% | 0.11% | 0.28% | 0.28% |
| ▂▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.17% | 0.16% | 0.15% | 0.15% | 0.15% | 0.15% | 0.37% | 0.37% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $84 | $84 | $85 | $86 | $88 | $89 | $90 | $91 |
| ▁▇▄▄▆█▃▅ | Gross Loans ($M) | $449 | $470 | $458 | $460 | $464 | $473 | $457 | $461 |
| ▁▄▆▃▁▁█▇ | Total Deposits ($M) | $458 | $469 | $478 | $466 | $460 | $457 | $486 | $479 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 1% |
| Agricultural | 10% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 87% |
| Brokered / Other | 2% |