Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.08% | -0.16 | 1.24% |
| Return on Equity (%) | ▼ | 11.10% | -1.97 | 13.07% |
| Net Interest Margin (%) | ▲ | 4.26% | +0.15 | 4.11% |
| Efficiency Ratio (%) | ▼ | 75.80% | +2.31 | 73.49% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.05 | $1 |
| Cost of Funds (%) | ▼ | 1.48% | +0.02 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $314 | +26.85 | $288 |
| Gross Loans ($M) | ▲ | $191 | +32.10 | $159 |
| Loan Growth YoY (%) | ▲ | 68.19% | +7.25 | 60.94% |
| Total Deposits ($M) | ▲ | $275 | +19.59 | $256 |
| Shareholders Equity ($M) | ▲ | $30 | +2.13 | $28 |
| Tang. Book Value ($M) | ▲ | $29 | +2.14 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +1.92 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 68.19% | +7.25 | 60.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.52% | -0.19 | 0.70% |
| Allowance / Loans (%) | — | 1.62% | -0.20% | 1.82% |
| Net Charge-Off Ratio (%) | ▲ | 0.80% | -0.47 | 1.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.04% | -2.39 | 15.43% |
Noninterest income ($0.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▆▆▅▆▆█ | Net Interest Margin (%) | 3.80% | 3.92% | 4.10% | 4.11% | 4.08% | 4.09% | 4.09% | 4.26% |
| ▁▇█▇▃▁▂▃ | Return on Assets (%) | 0.98% | 1.23% | 1.29% | 1.24% | 1.09% | 0.98% | 1.02% | 1.08% |
| ▇▆▁▂▆█▆▅ | Efficiency Ratio (%) | 77.5% | 76.3% | 72.0% | 73.5% | 76.6% | 78.8% | 76.6% | 75.8% |
| █▃▁▂▁▁▁▂ | Cost of Funds (%) | 1.74% | 1.53% | 1.42% | 1.45% | 1.43% | 1.41% | 1.40% | 1.48% |
| ██▄▆▅▄▃▁ | NPA / Assets (%) | 0.79% | 0.77% | 0.65% | 0.70% | 0.66% | 0.62% | 0.59% | 0.52% |
| ██▆▇▇▄▃▁ | Net Charge-Off Ratio (%) | 1.36% | 1.31% | 1.20% | 1.28% | 1.23% | 1.06% | 0.99% | 0.80% |
| ▆▁▃▄████ | Tang. Book Value ($M) | $27 | $25 | $26 | $27 | $29 | $28 | $29 | $29 |
| ▃▃▁▁▁▅▆█ | Gross Loans ($M) | $166 | $165 | $156 | $159 | $158 | $174 | $180 | $191 |
| ▁▁▃▂▄▄▄█ | Total Deposits ($M) | $253 | $250 | $257 | $256 | $260 | $260 | $261 | $275 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 11% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 11% |