Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.56% | +0.28 | 1.28% |
| Return on Equity (%) | ▲ | 15.40% | +1.02 | 14.38% |
| Net Interest Margin (%) | ▲ | 4.15% | +0.32 | 3.82% |
| Efficiency Ratio (%) | ▲ | 63.63% | -4.56 | 68.19% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.55 | $2 |
| Cost of Funds (%) | ▲ | 1.35% | -0.08 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $687 | +5.70 | $681 |
| Gross Loans ($M) | ▲ | $418 | +4.26 | $413 |
| Loan Growth YoY (%) | ▼ | 70.11% | -3.71 | 73.82% |
| Total Deposits ($M) | ▲ | $588 | +35.14 | $552 |
| Shareholders Equity ($M) | ▲ | $71 | +9.06 | $62 |
| Tang. Book Value ($M) | ▲ | $67 | +9.06 | $57 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +9.79 | $67 |
| Loan / Deposit Ratio (%) | ▼ | 70.11% | -3.71 | 73.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.17 | 0.18% |
| Allowance / Loans (%) | — | 1.34% | 0.02% | 1.32% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.28 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▇██ | Net Interest Margin (%) | 3.29% | 3.37% | 3.74% | 3.82% | 3.90% | 3.96% | 4.10% | 4.15% |
| ▁▂▅▆▆▇██ | Return on Assets (%) | 0.76% | 0.88% | 1.24% | 1.28% | 1.36% | 1.44% | 1.51% | 1.56% |
| █▇▃▃▂▁▁▁ | Efficiency Ratio (%) | 77.2% | 75.1% | 68.4% | 68.2% | 66.9% | 64.9% | 64.3% | 63.6% |
| █▆▄▃▃▂▁▂ | Cost of Funds (%) | 1.86% | 1.70% | 1.51% | 1.43% | 1.44% | 1.35% | 1.26% | 1.35% |
| ▂▃▄▄█▇▁▁ | NPA / Assets (%) | 0.10% | 0.11% | 0.17% | 0.18% | 0.37% | 0.29% | 0.01% | 0.02% |
| ▂▃▄▄█▇▁▁ | Net Charge-Off Ratio (%) | 0.16% | 0.17% | 0.27% | 0.30% | 0.61% | 0.46% | 0.02% | 0.03% |
| ▁▁▃▃▅▇██ | Tang. Book Value ($M) | $52 | $52 | $56 | $57 | $61 | $64 | $66 | $67 |
| ▁▄▆▃▂█▇▅ | Gross Loans ($M) | $407 | $415 | $419 | $413 | $411 | $426 | $423 | $418 |
| ▁▁▁▃▄▄█▇ | Total Deposits ($M) | $530 | $532 | $538 | $552 | $562 | $561 | $600 | $588 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 16% |
| Agricultural | 6% |
| Consumer | 4% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 8% |