Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.63% | +0.15 | 1.48% |
| Return on Equity (%) | ▲ | 14.66% | +0.89 | 13.77% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.11 | 3.69% |
| Efficiency Ratio (%) | ▲ | 49.47% | -3.14 | 52.61% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.42 | $2 |
| Cost of Funds (%) | ▼ | 1.49% | +0.15 | 1.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $333 | +8.90 | $324 |
| Gross Loans ($M) | ▲ | $232 | +6.19 | $226 |
| Loan Growth YoY (%) | ▲ | 98.10% | +3.48 | 94.62% |
| Total Deposits ($M) | ▼ | $234 | -2.26 | $236 |
| Shareholders Equity ($M) | ▲ | $38 | +3.98 | $34 |
| Tang. Book Value ($M) | ▲ | $38 | +4.01 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +3.88 | $37 |
| Loan / Deposit Ratio (%) | ▲ | 98.10% | +3.48 | 94.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.88% | -0.05 | 1.93% |
| Allowance / Loans (%) | — | 1.04% | 0.05% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 2.69% | -0.09 | 2.77% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.96M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▇█▄█ | Net Interest Margin (%) | 3.55% | 3.56% | 3.58% | 3.69% | 3.76% | 3.77% | 3.65% | 3.80% |
| ▁▁▁▆▅▅▂█ | Return on Assets (%) | 1.23% | 1.25% | 1.21% | 1.48% | 1.44% | 1.43% | 1.31% | 1.63% |
| ▆▆█▄▃▃▆▁ | Efficiency Ratio (%) | 54.7% | 54.8% | 57.0% | 52.6% | 52.2% | 52.1% | 54.5% | 49.5% |
| ▄▅▁▁▇█▅▆ | Cost of Funds (%) | 1.42% | 1.45% | 1.32% | 1.34% | 1.51% | 1.56% | 1.45% | 1.49% |
| ▁▁▇█▅▃▃█ | NPA / Assets (%) | 0.60% | 0.42% | 1.59% | 1.93% | 1.36% | 0.90% | 0.87% | 1.88% |
| ▁▁▇█▅▃▃█ | Net Charge-Off Ratio (%) | 0.77% | 0.52% | 2.42% | 2.77% | 1.92% | 1.28% | 1.33% | 2.69% |
| ▁▁▂▂▄▇▆█ | Tang. Book Value ($M) | $33 | $33 | $34 | $34 | $35 | $37 | $36 | $38 |
| ▂▁▂▇█▇▆█ | Gross Loans ($M) | $206 | $202 | $206 | $226 | $230 | $228 | $224 | $232 |
| ▁▂▆▇▆▅█▇ | Total Deposits ($M) | $213 | $218 | $231 | $236 | $232 | $227 | $241 | $234 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 8% |
| Agricultural | 34% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 8% |