Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.27 | 0.90% |
| Return on Equity (%) | ▲ | 13.43% | +3.45 | 9.98% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.14 | 3.99% |
| Efficiency Ratio (%) | ▲ | 73.29% | -5.26 | 78.56% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.90 | $2 |
| Cost of Funds (%) | ▲ | 1.80% | -0.07 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $702 | +72.34 | $629 |
| Gross Loans ($M) | ▲ | $597 | +65.14 | $532 |
| Loan Growth YoY (%) | ▲ | 97.28% | +2.70 | 94.58% |
| Total Deposits ($M) | ▲ | $608 | +51.05 | $557 |
| Shareholders Equity ($M) | ▲ | $61 | +5.79 | $55 |
| Tang. Book Value ($M) | ▲ | $60 | +5.93 | $54 |
| TBV excl. AOCI ($M)** | ▲ | $62 | +5.46 | $57 |
| Loan / Deposit Ratio (%) | ▲ | 97.28% | +2.70 | 94.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.88% | -0.28 | 1.15% |
| Allowance / Loans (%) | — | 0.99% | -0.04% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 1.03% | -0.33 | 1.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.02% | -0.23 | 11.25% |
Noninterest income ($1.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▇▇▇▅▇█ | Net Interest Margin (%) | 3.61% | 3.50% | 4.02% | 3.99% | 4.03% | 3.86% | 3.98% | 4.14% |
| ▁▂▁▁▅▆▅█ | Return on Assets (%) | 0.87% | 0.93% | 0.87% | 0.90% | 1.02% | 1.07% | 1.03% | 1.16% |
| ▅▄██▅▃▄▁ | Efficiency Ratio (%) | 76.9% | 75.7% | 79.2% | 78.6% | 76.5% | 74.9% | 75.8% | 73.3% |
| █▇▄▃▄▄▁▂ | Cost of Funds (%) | 2.18% | 2.07% | 1.89% | 1.87% | 1.94% | 1.89% | 1.71% | 1.80% |
| ▁▁▂█▇▅▅▆ | NPA / Assets (%) | 0.18% | 0.17% | 0.39% | 1.15% | 1.02% | 0.75% | 0.73% | 0.88% |
| ▁▁▂█▇▅▅▆ | Net Charge-Off Ratio (%) | 0.22% | 0.20% | 0.47% | 1.36% | 1.19% | 0.87% | 0.90% | 1.03% |
| ▁▂▂▂▃▅▇█ | Tang. Book Value ($M) | $53 | $54 | $54 | $54 | $55 | $57 | $59 | $60 |
| ▁▁▁▂▅▆▆█ | Gross Loans ($M) | $516 | $511 | $517 | $532 | $556 | $569 | $574 | $597 |
| ▁▁▂▁▂▂█▆ | Total Deposits ($M) | $558 | $548 | $558 | $557 | $566 | $559 | $632 | $608 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 22% |
| Agricultural | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 4% |