Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.55% | +0.38 | 1.17% |
| Return on Equity (%) | ▲ | 8.78% | +1.60 | 7.18% |
| Net Interest Margin (%) | ▲ | 3.87% | +0.30 | 3.57% |
| Efficiency Ratio (%) | ▲ | 49.59% | -5.35 | 54.94% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.03 | $1 |
| Cost of Funds (%) | ▲ | 1.17% | -0.23 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $310 | +4.08 | $306 |
| Gross Loans ($M) | ▲ | $143 | +5.24 | $138 |
| Loan Growth YoY (%) | ▲ | 55.62% | +1.76 | 53.86% |
| Total Deposits ($M) | ▲ | $253 | +0.69 | $252 |
| Shareholders Equity ($M) | ▲ | $54 | +3.66 | $51 |
| Tang. Book Value ($M) | ▲ | $54 | +3.66 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $59 | +2.20 | $56 |
| Loan / Deposit Ratio (%) | ▲ | 55.62% | +1.76 | 53.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.57% | +0.33 | 0.23% |
| Allowance / Loans (%) | — | 1.95% | 0.23% | 1.73% |
| Net Charge-Off Ratio (%) | ▼ | 1.18% | +0.66 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▃▅█▇ | Net Interest Margin (%) | 3.54% | 3.51% | 3.57% | 3.57% | 3.67% | 3.73% | 3.94% | 3.87% |
| ▃▃▃▁▁▁█▅ | Return on Assets (%) | 1.38% | 1.36% | 1.40% | 1.17% | 1.16% | 1.13% | 1.89% | 1.55% |
| ▆███▇█▁▅ | Efficiency Ratio (%) | 52.5% | 55.7% | 55.6% | 54.9% | 54.1% | 55.7% | 43.1% | 49.6% |
| ██▆▅▃▂▁▁ | Cost of Funds (%) | 1.57% | 1.53% | 1.44% | 1.39% | 1.29% | 1.22% | 1.16% | 1.17% |
| ▁▁▂▃▃▄▃█ | NPA / Assets (%) | 0.13% | 0.07% | 0.17% | 0.23% | 0.20% | 0.32% | 0.23% | 0.57% |
| ▂▁▂▃▂▄▂█ | Net Charge-Off Ratio (%) | 0.30% | 0.17% | 0.39% | 0.52% | 0.42% | 0.62% | 0.38% | 1.18% |
| ▂▁▃▄▆▆██ | Tang. Book Value ($M) | $49 | $48 | $50 | $51 | $53 | $52 | $54 | $54 |
| ▁▂▄▆██▇▇ | Gross Loans ($M) | $121 | $127 | $133 | $138 | $145 | $148 | $144 | $143 |
| ▃▃█▇▃▁▇▇ | Total Deposits ($M) | $241 | $240 | $256 | $252 | $240 | $234 | $253 | $253 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 14% |
| Agricultural | 6% |
| Consumer | 10% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 14% |