Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.85% | -0.19 | 1.04% |
| Return on Equity (%) | ▼ | 8.43% | -1.90 | 10.33% |
| Net Interest Margin (%) | ▼ | 3.98% | -0.12 | 4.09% |
| Efficiency Ratio (%) | ▼ | 69.55% | +5.74 | 63.81% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.18 | $2 |
| Cost of Funds (%) | ▲ | 1.12% | -0.10 | 1.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $685 | +30.60 | $654 |
| Gross Loans ($M) | ▼ | $447 | -2.72 | $450 |
| Loan Growth YoY (%) | ▼ | 71.79% | -4.15 | 75.93% |
| Total Deposits ($M) | ▲ | $613 | +29.95 | $583 |
| Shareholders Equity ($M) | ▲ | $67 | +0.91 | $66 |
| Tang. Book Value ($M) | ▲ | $59 | +0.97 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +1.04 | $65 |
| Loan / Deposit Ratio (%) | ▼ | 71.79% | -4.15 | 75.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 3.29% | -0.17 | 3.45% |
| Allowance / Loans (%) | — | 1.59% | 0.00% | 1.59% |
| Net Charge-Off Ratio (%) | ▲ | 4.37% | -0.64 | 5.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▇█▇▅▆▆ | Net Interest Margin (%) | 3.72% | 3.78% | 4.04% | 4.09% | 4.03% | 3.95% | 3.96% | 3.98% |
| ▆▇██▆▁▆▆ | Return on Assets (%) | 0.85% | 0.93% | 1.07% | 1.04% | 0.84% | 0.44% | 0.87% | 0.85% |
| ▄▄▁▂▄███ | Efficiency Ratio (%) | 65.5% | 65.5% | 62.2% | 63.8% | 65.6% | 69.4% | 70.3% | 69.5% |
| █▆▃▂▃▄▁▁ | Cost of Funds (%) | 1.69% | 1.48% | 1.30% | 1.22% | 1.32% | 1.34% | 1.18% | 1.12% |
| ▁▃██▇▇▇▇ | NPA / Assets (%) | 1.56% | 2.20% | 3.65% | 3.45% | 3.29% | 3.29% | 3.34% | 3.29% |
| ▁▃██▇▅▇▆ | Net Charge-Off Ratio (%) | 2.24% | 3.07% | 5.13% | 5.01% | 4.69% | 4.04% | 4.63% | 4.37% |
| ▃▁▅▆█▆▇▇ | Tang. Book Value ($M) | $56 | $55 | $58 | $58 | $61 | $59 | $59 | $59 |
| ▁▃▂▃█▄▁▂ | Gross Loans ($M) | $443 | $449 | $447 | $450 | $463 | $452 | $445 | $447 |
| ▂▁▁▄▅▂▅█ | Total Deposits ($M) | $568 | $561 | $559 | $583 | $588 | $568 | $591 | $613 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 10% |
| Agricultural | 8% |
| Consumer | 9% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 7% |