Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +0.51 | 0.94% |
| Return on Equity (%) | ▲ | 16.14% | +4.89 | 11.25% |
| Net Interest Margin (%) | ▲ | 4.32% | +0.06 | 4.27% |
| Efficiency Ratio (%) | ▲ | 63.64% | -7.78 | 71.41% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.06 | $2 |
| Cost of Funds (%) | ▲ | 1.79% | -0.19 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $595 | +10.13 | $585 |
| Gross Loans ($M) | ▲ | $416 | +10.65 | $405 |
| Loan Growth YoY (%) | ▲ | 76.47% | +1.27 | 75.20% |
| Total Deposits ($M) | ▲ | $537 | +3.56 | $533 |
| Shareholders Equity ($M) | ▲ | $55 | +6.56 | $49 |
| Tang. Book Value ($M) | ▲ | $50 | +6.56 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +7.05 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 76.47% | +1.27 | 75.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.19% | +0.50 | 0.68% |
| Allowance / Loans (%) | — | 1.35% | 0.25% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 1.58% | +0.59 | 0.98% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.10M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▆▇█▇▃█ | Net Interest Margin (%) | 3.97% | 4.09% | 4.23% | 4.27% | 4.28% | 4.28% | 4.08% | 4.32% |
| ▁▃▃▅▆▆▇█ | Return on Assets (%) | 0.34% | 0.71% | 0.66% | 0.94% | 1.05% | 1.12% | 1.27% | 1.45% |
| █▆▆▅▄▃▃▁ | Efficiency Ratio (%) | 78.9% | 74.0% | 73.4% | 71.4% | 70.7% | 68.1% | 68.4% | 63.6% |
| █▆▄▃▃▃▂▁ | Cost of Funds (%) | 2.30% | 2.15% | 2.01% | 1.98% | 1.96% | 1.92% | 1.87% | 1.79% |
| ▁▁▁▄▃▂██ | NPA / Assets (%) | 0.40% | 0.31% | 0.29% | 0.68% | 0.62% | 0.52% | 1.27% | 1.19% |
| ▁▁▁▄▄▂██ | Net Charge-Off Ratio (%) | 0.50% | 0.42% | 0.41% | 0.98% | 0.91% | 0.68% | 1.70% | 1.58% |
| ▃▁▂▃▆▆▇█ | Tang. Book Value ($M) | $43 | $41 | $42 | $43 | $47 | $47 | $48 | $50 |
| ▁▁▃▂▃▇█▆ | Gross Loans ($M) | $402 | $403 | $408 | $405 | $408 | $419 | $422 | $416 |
| ▁▁▄▅▆█▇▅ | Total Deposits ($M) | $504 | $508 | $526 | $533 | $540 | $556 | $546 | $537 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 13% |
| Agricultural | 5% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 21% |