Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.06 | 0.77% |
| Return on Equity (%) | ▼ | 13.45% | -1.74 | 15.19% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.15 | 3.71% |
| Efficiency Ratio (%) | ▲ | 72.01% | -2.63 | 74.64% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.09 | $1 |
| Cost of Funds (%) | ▼ | 1.55% | +0.02 | 1.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $212 | +16.74 | $195 |
| Gross Loans ($M) | ▲ | $118 | +18.64 | $100 |
| Loan Growth YoY (%) | ▲ | 59.13% | +5.65 | 53.48% |
| Total Deposits ($M) | ▲ | $197 | +13.74 | $183 |
| Shareholders Equity ($M) | ▲ | $13 | +2.95 | $10 |
| Tang. Book Value ($M) | ▲ | $13 | +2.95 | $10 |
| TBV excl. AOCI ($M)** | ▲ | $16 | +2.69 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 59.13% | +5.65 | 53.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.01 | 0.16% |
| Allowance / Loans (%) | — | 1.48% | -0.10% | 1.58% |
| Net Charge-Off Ratio (%) | ▼ | 0.30% | +0.00 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.91% | +0.41 | 13.50% |
Noninterest income ($0.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▇▇▆█ | Net Interest Margin (%) | 3.46% | 3.51% | 3.57% | 3.71% | 3.79% | 3.81% | 3.76% | 3.86% |
| ▁▄▃▆██▆█ | Return on Assets (%) | 0.58% | 0.69% | 0.64% | 0.77% | 0.81% | 0.83% | 0.74% | 0.83% |
| █▄▇▃▂▁▃▁ | Efficiency Ratio (%) | 79.9% | 75.7% | 78.5% | 74.6% | 73.3% | 72.4% | 74.1% | 72.0% |
| █▃▁▁▂▅▂▂ | Cost of Funds (%) | 1.69% | 1.57% | 1.52% | 1.53% | 1.54% | 1.62% | 1.54% | 1.55% |
| ▃█▅▅▃▁▁▆ | NPA / Assets (%) | 0.14% | 0.21% | 0.17% | 0.16% | 0.14% | 0.13% | 0.12% | 0.18% |
| ▆█▇▅▃▁▁▅ | Net Charge-Off Ratio (%) | 0.32% | 0.36% | 0.33% | 0.29% | 0.25% | 0.21% | 0.20% | 0.30% |
| ▄▁▂▂▆█▆█ | Tang. Book Value ($M) | $11 | $9 | $10 | $10 | $12 | $13 | $12 | $13 |
| ▁▁▂▄▅▆▆█ | Gross Loans ($M) | $83 | $83 | $90 | $100 | $102 | $107 | $110 | $118 |
| ▁▃▄▄▆▆██ | Total Deposits ($M) | $172 | $180 | $183 | $183 | $190 | $188 | $196 | $197 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 16% |