Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.36 | 0.93% |
| Return on Equity (%) | ▲ | 13.05% | +2.28 | 10.77% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.46 | 3.24% |
| Efficiency Ratio (%) | ▲ | 58.94% | -4.79 | 63.74% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.44 | $2 |
| Cost of Funds (%) | ▲ | 1.32% | -0.10 | 1.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $499 | +12.83 | $486 |
| Gross Loans ($M) | ▲ | $309 | +41.45 | $268 |
| Loan Growth YoY (%) | ▲ | 72.26% | +11.80 | 60.46% |
| Total Deposits ($M) | ▼ | $423 | -14.81 | $438 |
| Shareholders Equity ($M) | ▲ | $50 | +8.09 | $42 |
| Tang. Book Value ($M) | ▲ | $47 | +8.09 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +7.60 | $47 |
| Loan / Deposit Ratio (%) | ▲ | 72.26% | +11.80 | 60.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.49% | +0.41 | 0.08% |
| Allowance / Loans (%) | — | 1.14% | 0.01% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 0.78% | +0.72 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.80% | -0.34 | 18.14% |
Noninterest income ($1.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 2.66% | 2.73% | 3.10% | 3.24% | 3.32% | 3.39% | 3.60% | 3.70% |
| ▁▁▁▄▄▅▇█ | Return on Assets (%) | 0.61% | 0.66% | 0.62% | 0.93% | 0.94% | 0.97% | 1.13% | 1.29% |
| █▇▆▃▃▃▂▁ | Efficiency Ratio (%) | 73.7% | 71.0% | 69.8% | 63.7% | 64.2% | 62.8% | 62.0% | 58.9% |
| ██▄▃▂▂▁▁ | Cost of Funds (%) | 1.69% | 1.71% | 1.48% | 1.41% | 1.41% | 1.40% | 1.34% | 1.32% |
| ▂▃▁▁▁▂▁█ | NPA / Assets (%) | 0.12% | 0.17% | 0.09% | 0.08% | 0.10% | 0.15% | 0.07% | 0.49% |
| ▂▃▁▁▁▂▁█ | Net Charge-Off Ratio (%) | 0.17% | 0.27% | 0.13% | 0.07% | 0.10% | 0.22% | 0.09% | 0.78% |
| ▄▁▂▂▆▇██ | Tang. Book Value ($M) | $40 | $36 | $38 | $39 | $43 | $45 | $46 | $47 |
| ▁▂▁▂▃▇▇█ | Gross Loans ($M) | $258 | $265 | $264 | $268 | $275 | $297 | $301 | $309 |
| ▁▁▄█▆█▇▃ | Total Deposits ($M) | $414 | $417 | $427 | $438 | $431 | $439 | $433 | $423 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 9% |
| Agricultural | 11% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 14% |