Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.26% | -0.02 | 0.28% |
| Return on Equity (%) | ▼ | 4.28% | -1.36 | 5.64% |
| Net Interest Margin (%) | ▲ | 2.73% | +0.32 | 2.41% |
| Efficiency Ratio (%) | ▲ | 92.60% | -5.60 | 98.20% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.17 | $0 |
| Cost of Funds (%) | ▲ | 2.04% | -0.28 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $716 | +26.53 | $689 |
| Gross Loans ($M) | ▼ | $473 | -0.22 | $473 |
| Loan Growth YoY (%) | ▼ | 77.88% | -1.81 | 79.69% |
| Total Deposits ($M) | ▲ | $603 | +13.98 | $589 |
| Shareholders Equity ($M) | ▲ | $44 | +5.30 | $38 |
| Tang. Book Value ($M) | ▲ | $41 | +5.37 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +6.23 | $44 |
| Loan / Deposit Ratio (%) | ▼ | 77.88% | -1.81 | 79.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.33% | -0.22 | 0.55% |
| Allowance / Loans (%) | — | 0.71% | -0.09% | 0.80% |
| Net Charge-Off Ratio (%) | ▼ | 0.45% | +0.15 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.09% | -0.11 | 12.20% |
Noninterest income ($1.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 1.98% | 2.04% | 2.31% | 2.41% | 2.44% | 2.48% | 2.69% | 2.73% |
| ▁▂█▇▆▆▆▇ | Return on Assets (%) | -0.37% | -0.19% | 0.40% | 0.28% | 0.15% | 0.17% | 0.17% | 0.26% |
| ██▇▄▆▅▁▁ | Efficiency Ratio (%) | 104.5% | 103.2% | 101.6% | 98.2% | 100.6% | 99.5% | 92.6% | 92.6% |
| █▇▄▄▄▄▁▁ | Cost of Funds (%) | 2.71% | 2.61% | 2.34% | 2.32% | 2.31% | 2.29% | 2.01% | 2.04% |
| ▄▄▄▅▄█▁▁ | NPA / Assets (%) | 0.49% | 0.49% | 0.50% | 0.55% | 0.51% | 0.70% | 0.34% | 0.33% |
| ▁▁▁▂▁███ | Net Charge-Off Ratio (%) | 0.26% | 0.24% | 0.26% | 0.30% | 0.25% | 0.47% | 0.48% | 0.45% |
| ▄▁▃▅▆█▇█ | Tang. Book Value ($M) | $34 | $30 | $33 | $35 | $38 | $40 | $39 | $41 |
| █▇▅▄▁▁▁▄ | Gross Loans ($M) | $518 | $503 | $490 | $473 | $446 | $449 | $448 | $473 |
| █▇█▄▇▁▅▇ | Total Deposits ($M) | $608 | $602 | $611 | $589 | $603 | $569 | $593 | $603 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 10% |
| Agricultural | 3% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 27% |