Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +0.29 | 1.15% |
| Return on Equity (%) | ▲ | 8.98% | +1.35 | 7.63% |
| Net Interest Margin (%) | ▲ | 3.33% | +0.27 | 3.06% |
| Efficiency Ratio (%) | ▲ | 62.18% | -5.17 | 67.35% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.16 | $1 |
| Cost of Funds (%) | ▲ | 1.27% | -0.11 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $172 | +4.19 | $168 |
| Gross Loans ($M) | ▼ | $46 | -0.32 | $46 |
| Loan Growth YoY (%) | ▼ | 32.21% | -0.94 | 33.14% |
| Total Deposits ($M) | ▲ | $139 | +2.69 | $137 |
| Shareholders Equity ($M) | ▲ | $27 | +1.42 | $26 |
| Tang. Book Value ($M) | ▲ | $27 | +1.42 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +1.63 | $31 |
| Loan / Deposit Ratio (%) | ▼ | 32.21% | -0.94 | 33.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.05 | 0.09% |
| Allowance / Loans (%) | — | 2.69% | 0.22% | 2.48% |
| Net Charge-Off Ratio (%) | ▼ | 0.53% | +0.21 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 43.68% | +1.16 | 42.52% |
Noninterest income ($0.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆▇█ | Net Interest Margin (%) | 2.68% | 2.73% | 2.99% | 3.06% | 3.13% | 3.15% | 3.23% | 3.33% |
| ▂▁▃▃▅▅▇█ | Return on Assets (%) | 1.04% | 0.99% | 1.11% | 1.15% | 1.22% | 1.22% | 1.35% | 1.45% |
| ▇█▇▆▅▄▂▁ | Efficiency Ratio (%) | 68.5% | 69.5% | 67.8% | 67.3% | 66.3% | 65.1% | 63.7% | 62.2% |
| █▆▂▄▄▂▁▁ | Cost of Funds (%) | 1.54% | 1.45% | 1.32% | 1.37% | 1.37% | 1.32% | 1.28% | 1.27% |
| ▆█▁▄▁▆▂█ | NPA / Assets (%) | 0.11% | 0.13% | 0.06% | 0.09% | 0.07% | 0.11% | 0.08% | 0.14% |
| ▅▇▁▃▁▅▂█ | Net Charge-Off Ratio (%) | 0.39% | 0.46% | 0.21% | 0.32% | 0.23% | 0.40% | 0.29% | 0.53% |
| ▃▁▃▄████ | Tang. Book Value ($M) | $25 | $24 | $25 | $26 | $28 | $28 | $28 | $27 |
| ▅▆▃▃█▅▁▁ | Gross Loans ($M) | $47 | $47 | $46 | $46 | $47 | $47 | $46 | $46 |
| ▁▁█▄▁▄▇▆ | Total Deposits ($M) | $132 | $132 | $142 | $137 | $131 | $137 | $140 | $139 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 5% |
| Agricultural | 9% |
| Consumer | 32% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 12% |