Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.97% | +0.39 | 0.58% |
| Return on Equity (%) | ▲ | 14.47% | +4.26 | 10.21% |
| Net Interest Margin (%) | ▲ | 3.38% | +0.31 | 3.06% |
| Efficiency Ratio (%) | ▲ | 63.28% | -5.16 | 68.44% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.67 | $2 |
| Cost of Funds (%) | ▲ | 2.06% | -0.26 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $610 | +57.35 | $553 |
| Gross Loans ($M) | ▲ | $350 | +35.36 | $315 |
| Loan Growth YoY (%) | ▲ | 64.81% | +1.10 | 63.71% |
| Total Deposits ($M) | ▲ | $534 | +46.07 | $488 |
| Shareholders Equity ($M) | ▲ | $43 | +10.99 | $32 |
| Tang. Book Value ($M) | ▲ | $40 | +10.99 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $51 | +11.86 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 64.81% | +1.10 | 63.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.54% | -0.22 | 0.76% |
| Allowance / Loans (%) | — | 1.23% | -0.10% | 1.33% |
| Net Charge-Off Ratio (%) | ▲ | 0.91% | -0.38 | 1.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.67% | -0.53 | 14.20% |
Noninterest income ($0.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▅▁▄▅▇▆█ | Net Interest Margin (%) | 3.31% | 3.15% | 2.86% | 3.06% | 3.14% | 3.25% | 3.22% | 3.38% |
| █▁▁▄▅▇▇█ | Return on Assets (%) | 0.95% | 0.37% | 0.31% | 0.58% | 0.72% | 0.81% | 0.85% | 0.97% |
| ▁▃█▇▅▄▅▂ | Efficiency Ratio (%) | 61.2% | 63.9% | 70.2% | 68.4% | 66.2% | 65.4% | 66.4% | 63.3% |
| ▅█▄▅▄▄▁▂ | Cost of Funds (%) | 2.28% | 2.60% | 2.21% | 2.32% | 2.19% | 2.18% | 1.91% | 2.06% |
| █▆▆▂▁▁▁▁ | NPA / Assets (%) | 1.96% | 1.55% | 1.53% | 0.76% | 0.64% | 0.60% | 0.53% | 0.54% |
| █▆▆▁▁▁▁▁ | Net Charge-Off Ratio (%) | 3.97% | 2.91% | 2.84% | 1.29% | 1.14% | 0.99% | 0.95% | 0.91% |
| ▃▁▁▁▄▆▆█ | Tang. Book Value ($M) | $33 | $29 | $30 | $29 | $34 | $37 | $37 | $40 |
| ▁▁▂▃▄▆▆█ | Gross Loans ($M) | $297 | $300 | $309 | $315 | $319 | $332 | $336 | $350 |
| ▄▂▄▁▅▃█▄ | Total Deposits ($M) | $526 | $500 | $526 | $488 | $540 | $515 | $582 | $534 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 56% |
| C&I / Commercial | 33% |
| Agricultural | 8% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 18% |