Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.84% | +0.15 | 1.69% |
| Return on Equity (%) | ▼ | 22.04% | -0.03 | 22.07% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.31 | 3.83% |
| Efficiency Ratio (%) | ▼ | 57.87% | +1.31 | 56.56% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.02 | $1 |
| Cost of Funds (%) | ▼ | 1.43% | +0.06 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $159 | +13.52 | $145 |
| Gross Loans ($M) | ▲ | $113 | +7.00 | $106 |
| Loan Growth YoY (%) | ▼ | 78.07% | -1.70 | 79.77% |
| Total Deposits ($M) | ▲ | $144 | +11.74 | $132 |
| Shareholders Equity ($M) | ▲ | $13 | +1.52 | $12 |
| Tang. Book Value ($M) | ▲ | $13 | +1.52 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $15 | +1.50 | $13 |
| Loan / Deposit Ratio (%) | ▼ | 78.07% | -1.70 | 79.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.02 | 0.02% |
| Allowance / Loans (%) | — | 1.00% | 0.00% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.03 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.63% | +0.34 | 10.29% |
Noninterest income ($0.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▇█ | Net Interest Margin (%) | 3.54% | 3.55% | 3.64% | 3.83% | 3.97% | 4.03% | 4.01% | 4.14% |
| ▄▁▄▇▇▄██ | Return on Assets (%) | 1.45% | 1.21% | 1.45% | 1.69% | 1.72% | 1.49% | 1.77% | 1.84% |
| ▄█▃▁▁▆▁▁ | Efficiency Ratio (%) | 61.8% | 67.8% | 60.7% | 56.6% | 57.8% | 64.1% | 56.9% | 57.9% |
| █▇▄▁▂▅▄▆ | Cost of Funds (%) | 1.45% | 1.44% | 1.40% | 1.37% | 1.39% | 1.42% | 1.41% | 1.43% |
| ▂▁▃▁█▃▂▂ | NPA / Assets (%) | 0.03% | 0.03% | 0.04% | 0.02% | 0.10% | 0.04% | 0.04% | 0.04% |
| ▂▂▃▁█▃▃▂ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.06% | 0.02% | 0.14% | 0.05% | 0.05% | 0.05% |
| ▁▁▁▄▆▇▆█ | Tang. Book Value ($M) | $11 | $11 | $11 | $12 | $13 | $13 | $13 | $13 |
| ▁▁▂▄▆▆▇█ | Gross Loans ($M) | $100 | $100 | $102 | $106 | $109 | $109 | $111 | $113 |
| ▁▅▄▃▃▆██ | Total Deposits ($M) | $125 | $135 | $134 | $132 | $132 | $137 | $143 | $144 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 10% |
| Agricultural | 13% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 17% |