Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.69% | +0.20 | 0.49% |
| Return on Equity (%) | ▲ | 6.60% | +1.15 | 5.45% |
| Net Interest Margin (%) | ▲ | 2.42% | +0.33 | 2.09% |
| Efficiency Ratio (%) | ▲ | 79.00% | -3.08 | 82.08% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.23 | $1 |
| Cost of Funds (%) | ▲ | 1.92% | -0.24 | 2.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $621 | -8.26 | $629 |
| Gross Loans ($M) | ▼ | $286 | -41.56 | $327 |
| Loan Growth YoY (%) | ▼ | 68.87% | -5.50 | 74.37% |
| Total Deposits ($M) | ▼ | $410 | -23.78 | $434 |
| Shareholders Equity ($M) | ▲ | $65 | +8.72 | $56 |
| Tang. Book Value ($M) | ▲ | $59 | +8.72 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $73 | +12.60 | $61 |
| Loan / Deposit Ratio (%) | ▼ | 68.87% | -5.50 | 74.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.70% | -0.77 | 1.47% |
| Allowance / Loans (%) | — | 1.17% | -0.25% | 1.41% |
| Net Charge-Off Ratio (%) | ▲ | 1.51% | -1.31 | 2.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.95M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▁▁▂▃██ | Net Interest Margin (%) | 2.26% | 2.26% | 2.07% | 2.09% | 2.15% | 2.20% | 2.40% | 2.42% |
| █▆▁▂▂▄▇▇ | Return on Assets (%) | 0.73% | 0.64% | 0.44% | 0.49% | 0.49% | 0.57% | 0.66% | 0.69% |
| ▁▂████▆▆ | Efficiency Ratio (%) | 68.8% | 72.2% | 82.0% | 82.1% | 82.3% | 83.7% | 79.1% | 79.0% |
| █▅▅▆▅▃▁▁ | Cost of Funds (%) | 2.26% | 2.11% | 2.11% | 2.16% | 2.08% | 2.01% | 1.89% | 1.92% |
| █▅▆▆▃▂▂▁ | NPA / Assets (%) | 1.86% | 1.29% | 1.53% | 1.47% | 1.06% | 0.96% | 0.92% | 0.70% |
| █▅█▇▄▃▃▁ | Net Charge-Off Ratio (%) | 3.03% | 2.28% | 2.91% | 2.82% | 2.10% | 2.00% | 2.06% | 1.51% |
| ▇▃▂▁▆▇█▇ | Tang. Book Value ($M) | $58 | $54 | $53 | $51 | $57 | $59 | $61 | $59 |
| █▇▅▄▃▂▁▁ | Gross Loans ($M) | $388 | $365 | $342 | $327 | $312 | $300 | $281 | $286 |
| ▂▇█▅▁▃▃▁ | Total Deposits ($M) | $420 | $444 | $452 | $434 | $414 | $421 | $424 | $410 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 27% |
| Agricultural | 13% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 14% |