Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.44% | +0.10 | 1.33% |
| Return on Equity (%) | ▼ | 15.74% | -0.13 | 15.87% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.42 | 3.33% |
| Efficiency Ratio (%) | ▲ | 57.46% | -5.63 | 63.08% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.37 | $1 |
| Cost of Funds (%) | ▲ | 1.84% | -0.21 | 2.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $307 | +6.36 | $301 |
| Gross Loans ($M) | ▲ | $237 | +18.55 | $218 |
| Loan Growth YoY (%) | ▲ | 89.48% | +5.90 | 83.59% |
| Total Deposits ($M) | ▲ | $262 | +3.42 | $259 |
| Shareholders Equity ($M) | ▲ | $28 | +3.00 | $25 |
| Tang. Book Value ($M) | ▲ | $28 | +3.00 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +2.81 | $27 |
| Loan / Deposit Ratio (%) | ▲ | 89.48% | +5.90 | 83.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.52% | -0.05 | 0.57% |
| Allowance / Loans (%) | — | 0.88% | 0.03% | 0.85% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.05 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▄▇█ | Net Interest Margin (%) | 3.16% | 3.20% | 3.25% | 3.33% | 3.39% | 3.46% | 3.63% | 3.76% |
| ▁▂▅▆▇███ | Return on Assets (%) | 1.07% | 1.14% | 1.32% | 1.33% | 1.39% | 1.47% | 1.47% | 1.44% |
| █▇▅▅▄▂▁▁ | Efficiency Ratio (%) | 68.3% | 66.2% | 63.6% | 63.1% | 61.9% | 60.1% | 58.7% | 57.5% |
| ▆█▅▆▆▃▁▁ | Cost of Funds (%) | 2.04% | 2.14% | 2.01% | 2.04% | 2.04% | 1.94% | 1.84% | 1.84% |
| ▁▁██████ | NPA / Assets (%) | 0.00% | 0.01% | 0.56% | 0.57% | 0.54% | 0.53% | 0.52% | 0.52% |
| ▁▃▂█▂▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.02% | 0.01% | 0.05% | 0.01% | 0.00% | 0.00% | 0.00% |
| ▂▁▁▂▆█▇█ | Tang. Book Value ($M) | $25 | $24 | $24 | $25 | $27 | $28 | $28 | $28 |
| ▁▁▂▃▄▆▆█ | Gross Loans ($M) | $207 | $210 | $213 | $218 | $220 | $228 | $226 | $237 |
| ▁▃▅▇▆▆██ | Total Deposits ($M) | $234 | $245 | $252 | $259 | $257 | $258 | $266 | $262 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 13% |
| Agricultural | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 10% |