Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.60% | +0.44 | 1.16% |
| Return on Equity (%) | ▲ | 18.23% | +3.21 | 15.02% |
| Net Interest Margin (%) | ▲ | 4.74% | +0.21 | 4.54% |
| Efficiency Ratio (%) | ▲ | 60.31% | -6.00 | 66.30% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.11 | $1 |
| Cost of Funds (%) | ▲ | 1.87% | -0.06 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $278 | +15.92 | $262 |
| Gross Loans ($M) | ▲ | $196 | +2.96 | $193 |
| Loan Growth YoY (%) | ▼ | 79.00% | -6.49 | 85.49% |
| Total Deposits ($M) | ▲ | $246 | +22.40 | $223 |
| Shareholders Equity ($M) | ▲ | $25 | +5.05 | $20 |
| Tang. Book Value ($M) | ▲ | $25 | +5.05 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +4.94 | $23 |
| Loan / Deposit Ratio (%) | ▼ | 79.00% | -6.49 | 85.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.55% | +0.03 | 0.52% |
| Allowance / Loans (%) | — | 1.16% | -0.14% | 1.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.41% | -0.30 | 0.71% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.01% | +2.03 | 12.98% |
Noninterest income ($0.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▆▇███ | Net Interest Margin (%) | 4.01% | 4.14% | 4.45% | 4.54% | 4.63% | 4.70% | 4.77% | 4.74% |
| ▁▂▁▂▄▅█▇ | Return on Assets (%) | 1.07% | 1.16% | 1.13% | 1.16% | 1.30% | 1.41% | 1.69% | 1.60% |
| ▇▆█▆▅▄▁▂ | Efficiency Ratio (%) | 68.5% | 67.2% | 70.3% | 66.3% | 64.7% | 63.5% | 58.0% | 60.3% |
| █▅▁▁▃▃▁▁ | Cost of Funds (%) | 2.44% | 2.21% | 1.92% | 1.94% | 2.05% | 2.03% | 1.88% | 1.87% |
| ▃▅█▆▄▁▂▆ | NPA / Assets (%) | 0.45% | 0.52% | 0.63% | 0.52% | 0.48% | 0.34% | 0.41% | 0.55% |
| ▆▇█▇▂▁▂▄ | Net Charge-Off Ratio (%) | 0.67% | 0.74% | 0.87% | 0.71% | 0.28% | 0.08% | 0.20% | 0.41% |
| ▂▁▂▂▅▆▇█ | Tang. Book Value ($M) | $20 | $19 | $20 | $20 | $22 | $23 | $24 | $25 |
| ▁▁▃▆███▆ | Gross Loans ($M) | $175 | $173 | $185 | $193 | $202 | $205 | $203 | $196 |
| ▁▁▂▂▂▃██ | Total Deposits ($M) | $216 | $219 | $221 | $223 | $224 | $226 | $248 | $246 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 8% |
| Agricultural | 8% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 5% |