Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +0.39 | 1.06% |
| Return on Equity (%) | ▲ | 24.62% | +1.96 | 22.66% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.43 | 3.51% |
| Efficiency Ratio (%) | ▲ | 65.79% | -4.65 | 70.44% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.57 | $2 |
| Cost of Funds (%) | ▲ | 1.70% | -0.37 | 2.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $591 | +2.18 | $589 |
| Gross Loans ($M) | ▲ | $401 | +1.12 | $400 |
| Loan Growth YoY (%) | ▲ | 75.52% | +1.70 | 73.82% |
| Total Deposits ($M) | ▼ | $525 | -10.91 | $536 |
| Shareholders Equity ($M) | ▲ | $36 | +7.63 | $29 |
| Tang. Book Value ($M) | ▲ | $36 | +7.81 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $43 | +8.10 | $35 |
| Loan / Deposit Ratio (%) | ▲ | 75.52% | +1.70 | 73.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.17% | +0.03 | 0.14% |
| Allowance / Loans (%) | — | 1.16% | 0.05% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 0.25% | +0.06 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.22% | +1.38 | 12.84% |
Noninterest income ($0.95M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆▇█ | Net Interest Margin (%) | 3.03% | 3.12% | 3.39% | 3.51% | 3.58% | 3.64% | 3.81% | 3.94% |
| ▁▁▃▄▄▅██ | Return on Assets (%) | 0.81% | 0.89% | 0.98% | 1.06% | 1.13% | 1.15% | 1.39% | 1.45% |
| █▇▇▅▄▄▁▁ | Efficiency Ratio (%) | 73.8% | 72.4% | 71.9% | 70.4% | 69.3% | 69.4% | 66.3% | 65.8% |
| ██▆▅▄▃▁▁ | Cost of Funds (%) | 2.36% | 2.32% | 2.14% | 2.07% | 2.03% | 1.89% | 1.76% | 1.70% |
| ▂▁▅▃▁▁█▆ | NPA / Assets (%) | 0.12% | 0.12% | 0.15% | 0.14% | 0.12% | 0.11% | 0.19% | 0.17% |
| ▃▁▃▄▂▁█▇ | Net Charge-Off Ratio (%) | 0.18% | 0.13% | 0.17% | 0.19% | 0.16% | 0.14% | 0.27% | 0.25% |
| ▄▁▃▃▆▇██ | Tang. Book Value ($M) | $30 | $25 | $28 | $28 | $32 | $34 | $35 | $36 |
| ▁▁▃▇▇██▇ | Gross Loans ($M) | $383 | $385 | $390 | $400 | $401 | $405 | $405 | $401 |
| ▁▆█▆▄█▇▄ | Total Deposits ($M) | $512 | $534 | $542 | $536 | $527 | $545 | $541 | $525 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 16% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 7% |