Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.10 | 1.12% |
| Return on Equity (%) | ▲ | 11.52% | +0.82 | 10.70% |
| Net Interest Margin (%) | ▼ | 4.30% | -0.17 | 4.47% |
| Efficiency Ratio (%) | ▼ | 65.69% | +2.99 | 62.70% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.33 | $3 |
| Cost of Funds (%) | ▲ | 1.83% | -0.07 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $736 | +73.75 | $662 |
| Gross Loans ($M) | ▼ | $529 | -11.49 | $540 |
| Loan Growth YoY (%) | ▼ | 86.40% | -12.56 | 98.96% |
| Total Deposits ($M) | ▲ | $604 | +65.04 | $539 |
| Shareholders Equity ($M) | ▲ | $79 | +8.33 | $71 |
| Tang. Book Value ($M) | ▲ | $77 | +7.86 | $69 |
| TBV excl. AOCI ($M)** | ▲ | $81 | +9.11 | $72 |
| Loan / Deposit Ratio (%) | ▼ | 86.40% | -12.56 | 98.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.44% | -1.10 | 2.53% |
| Allowance / Loans (%) | — | 1.26% | 0.03% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 2.00% | -1.10 | 3.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.43M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▆▇█▄▄▃▁ | Net Interest Margin (%) | 4.37% | 4.41% | 4.44% | 4.47% | 4.38% | 4.38% | 4.35% | 4.30% |
| ▁▃▃▃▃▄█▅ | Return on Assets (%) | 1.01% | 1.13% | 1.14% | 1.12% | 1.11% | 1.19% | 1.36% | 1.22% |
| ▁▁▅▄▇▆▅█ | Efficiency Ratio (%) | 60.5% | 60.0% | 63.4% | 62.7% | 64.4% | 64.2% | 63.2% | 65.7% |
| █▇▃▃▄▆▁▁ | Cost of Funds (%) | 2.07% | 2.02% | 1.90% | 1.90% | 1.93% | 1.99% | 1.82% | 1.83% |
| ▁▅▄███▄▂ | NPA / Assets (%) | 1.15% | 1.93% | 1.88% | 2.53% | 2.68% | 2.57% | 1.83% | 1.44% |
| ▁▄▄▇██▅▃ | Net Charge-Off Ratio (%) | 1.44% | 2.38% | 2.35% | 3.10% | 3.50% | 3.38% | 2.58% | 2.00% |
| ▁▁▂▃▅▇██ | Tang. Book Value ($M) | $65 | $65 | $68 | $69 | $72 | $74 | $76 | $77 |
| ▁▄▅▇██▄▅ | Gross Loans ($M) | $507 | $522 | $530 | $540 | $542 | $546 | $524 | $529 |
| ▁▁▃▃▆▇██ | Total Deposits ($M) | $515 | $524 | $543 | $539 | $583 | $590 | $609 | $604 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 20% |
| Agricultural | 11% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 15% |