Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.68% | +0.37 | 0.30% |
| Return on Equity (%) | ▲ | 7.13% | +3.52 | 3.61% |
| Net Interest Margin (%) | ▲ | 4.18% | +0.25 | 3.93% |
| Efficiency Ratio (%) | ▲ | 83.67% | -1.90 | 85.57% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.34 | $0 |
| Cost of Funds (%) | ▼ | 0.95% | +0.06 | 0.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $346 | +27.50 | $319 |
| Gross Loans ($M) | ▲ | $178 | +40.64 | $138 |
| Loan Growth YoY (%) | ▲ | 62.36% | +12.54 | 49.82% |
| Total Deposits ($M) | ▲ | $283 | +11.23 | $272 |
| Shareholders Equity ($M) | ▲ | $33 | +5.82 | $27 |
| Tang. Book Value ($M) | ▲ | $33 | +5.81 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +5.44 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 62.36% | +12.54 | 49.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.14% | -0.13 | 0.27% |
| Allowance / Loans (%) | — | 1.21% | -0.65% | 1.86% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.45 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.11% | -3.12 | 23.23% |
Noninterest income ($0.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅█▅█ | Net Interest Margin (%) | 3.61% | 3.68% | 3.89% | 3.93% | 3.93% | 4.11% | 3.90% | 4.18% |
| ██▆▁▃█▄▇ | Return on Assets (%) | 0.73% | 0.79% | 0.66% | 0.30% | 0.42% | 0.74% | 0.54% | 0.68% |
| ▂▁▅▇▄▂█▄ | Efficiency Ratio (%) | 81.4% | 80.6% | 84.1% | 85.6% | 83.0% | 81.8% | 86.9% | 83.7% |
| █▅▂▁▁▂▂▂ | Cost of Funds (%) | 1.37% | 1.17% | 0.96% | 0.89% | 0.87% | 0.95% | 0.96% | 0.95% |
| ▁▁▁▁▇██▁ | NPA / Assets (%) | 0.34% | 0.31% | 0.29% | 0.27% | 2.62% | 3.15% | 3.44% | 0.14% |
| ▁▁▁▁▇▇█▁ | Net Charge-Off Ratio (%) | 0.55% | 0.54% | 0.48% | 0.45% | 5.53% | 6.20% | 7.11% | 0.00% |
| ▃▁▂▂▅███ | Tang. Book Value ($M) | $28 | $26 | $27 | $27 | $30 | $32 | $32 | $33 |
| ▁▁▂▂▅▅▅█ | Gross Loans ($M) | $131 | $133 | $137 | $138 | $156 | $158 | $161 | $178 |
| █▄▅▁▇▂▄▇ | Total Deposits ($M) | $286 | $278 | $280 | $272 | $284 | $274 | $278 | $283 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 18% |
| Agricultural | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 49% |
| Interest-Bearing (core) | 41% |
| Brokered / Other | 10% |