Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.28% | -0.10 | 1.38% |
| Return on Equity (%) | ▼ | 11.82% | -1.73 | 13.55% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.11 | 3.70% |
| Efficiency Ratio (%) | ▼ | 61.47% | +1.27 | 60.20% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.03 | $1 |
| Cost of Funds (%) | ▼ | 1.67% | +0.01 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $262 | +15.19 | $247 |
| Gross Loans ($M) | ▲ | $148 | +13.19 | $135 |
| Loan Growth YoY (%) | ▲ | 63.91% | +2.24 | 61.67% |
| Total Deposits ($M) | ▲ | $230 | +12.81 | $217 |
| Shareholders Equity ($M) | ▲ | $29 | +2.81 | $26 |
| Tang. Book Value ($M) | ▲ | $29 | +2.81 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +2.92 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 63.91% | +2.24 | 61.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 0.89% | 0.03% | 0.86% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.04% | -0.24 | 18.28% |
Noninterest income ($0.37M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇▇██ | Net Interest Margin (%) | 3.54% | 3.54% | 3.58% | 3.70% | 3.75% | 3.76% | 3.80% | 3.81% |
| ▄▁███▂▇▆ | Return on Assets (%) | 1.16% | 0.98% | 1.41% | 1.38% | 1.38% | 1.04% | 1.32% | 1.28% |
| ▃█▁▂▂▆▂▃ | Efficiency Ratio (%) | 61.4% | 66.3% | 58.9% | 60.2% | 59.9% | 64.3% | 60.4% | 61.5% |
| █▃▃▂█▆▁▃ | Cost of Funds (%) | 1.78% | 1.68% | 1.67% | 1.66% | 1.78% | 1.73% | 1.64% | 1.67% |
| ▇▇▁▁▁█▅▆ | NPA / Assets (%) | 0.02% | 0.01% | 0.00% | 0.00% | 0.00% | 0.02% | 0.01% | 0.01% |
| █▁▂▁▁█▅▆ | Net Charge-Off Ratio (%) | 0.03% | 0.01% | 0.01% | 0.00% | 0.01% | 0.03% | 0.02% | 0.02% |
| ▄▁▃▄▇▆▇█ | Tang. Book Value ($M) | $26 | $24 | $25 | $26 | $28 | $27 | $28 | $29 |
| ▁▁▁▁▁▄██ | Gross Loans ($M) | $133 | $133 | $135 | $135 | $134 | $139 | $146 | $148 |
| ▁▁▆▄▃▂█▇ | Total Deposits ($M) | $201 | $205 | $226 | $217 | $211 | $210 | $235 | $230 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 11% |
| Agricultural | 4% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 4% |