Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.95% | +0.36 | 1.59% |
| Return on Equity (%) | ▲ | 18.09% | +1.21 | 16.88% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.28 | 3.74% |
| Efficiency Ratio (%) | ▲ | 62.48% | -5.83 | 68.31% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.26 | $0 |
| Cost of Funds (%) | ▲ | 1.32% | -0.12 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $115 | +10.65 | $104 |
| Gross Loans ($M) | ▲ | $50 | +5.43 | $44 |
| Loan Growth YoY (%) | ▲ | 48.68% | +1.37 | 47.31% |
| Total Deposits ($M) | ▲ | $101 | +8.51 | $93 |
| Shareholders Equity ($M) | ▲ | $13 | +2.28 | $10 |
| Tang. Book Value ($M) | ▲ | $13 | +2.28 | $10 |
| TBV excl. AOCI ($M)** | ▲ | $15 | +2.50 | $13 |
| Loan / Deposit Ratio (%) | ▲ | 48.68% | +1.37 | 47.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.24% | +0.04 | 0.20% |
| Allowance / Loans (%) | — | 1.22% | -0.12% | 1.34% |
| Net Charge-Off Ratio (%) | ▼ | 0.56% | +0.17 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 25.89% | -2.16 | 28.05% |
Noninterest income ($0.43M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▆▆▆▇█ | Net Interest Margin (%) | 3.20% | 3.30% | 3.73% | 3.74% | 3.72% | 3.74% | 3.89% | 4.01% |
| ▁▁▅▃▃█▄▆ | Return on Assets (%) | 1.27% | 1.18% | 1.77% | 1.59% | 1.54% | 2.31% | 1.61% | 1.95% |
| ██▆▇▇▁▆▄ | Efficiency Ratio (%) | 70.8% | 71.5% | 66.1% | 68.3% | 68.8% | 55.0% | 66.6% | 62.5% |
| █▄▃▅▃▄▁▁ | Cost of Funds (%) | 1.61% | 1.43% | 1.37% | 1.45% | 1.40% | 1.42% | 1.29% | 1.32% |
| █▆▁▁▂▂▂▂ | NPA / Assets (%) | 0.50% | 0.40% | 0.20% | 0.20% | 0.25% | 0.26% | 0.25% | 0.24% |
| █▂▁▁▃▄▃▃ | Net Charge-Off Ratio (%) | 0.99% | 0.50% | 0.42% | 0.39% | 0.59% | 0.62% | 0.59% | 0.56% |
| ▃▁▂▃▆▇▇█ | Tang. Book Value ($M) | $10 | $9 | $10 | $10 | $11 | $12 | $12 | $13 |
| ▁▁▁▂▃▆▇█ | Gross Loans ($M) | $43 | $44 | $43 | $44 | $45 | $48 | $48 | $50 |
| ▁▄▅▄▆▇██ | Total Deposits ($M) | $86 | $93 | $95 | $93 | $96 | $99 | $101 | $101 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 26% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 4% |