Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.70% | -0.26 | 1.96% |
| Return on Equity (%) | ▼ | 16.87% | -2.22 | 19.09% |
| Net Interest Margin (%) | ▼ | 5.19% | -0.00 | 5.20% |
| Efficiency Ratio (%) | ▼ | 56.35% | +1.55 | 54.80% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.05 | $2 |
| Cost of Funds (%) | ▲ | 1.23% | -0.01 | 1.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $294 | +21.61 | $272 |
| Gross Loans ($M) | ▲ | $203 | +21.58 | $181 |
| Loan Growth YoY (%) | ▲ | 75.26% | +1.33 | 73.93% |
| Total Deposits ($M) | ▲ | $266 | +23.77 | $242 |
| Shareholders Equity ($M) | ▼ | $28 | -2.15 | $30 |
| Tang. Book Value ($M) | ▼ | $28 | -2.15 | $30 |
| TBV excl. AOCI ($M)** | ▼ | $29 | -1.71 | $31 |
| Loan / Deposit Ratio (%) | ▲ | 75.26% | +1.33 | 73.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.30% | -0.36 | 0.66% |
| Allowance / Loans (%) | — | 1.32% | 0.11% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.28% | -0.71 | 0.99% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄███▆█ | Net Interest Margin (%) | 4.94% | 5.01% | 5.05% | 5.20% | 5.18% | 5.21% | 5.14% | 5.19% |
| ▅▁▅██▅▃▃ | Return on Assets (%) | 1.78% | 1.59% | 1.80% | 1.96% | 1.94% | 1.81% | 1.69% | 1.70% |
| ▇█▂▁▂▄▃▃ | Efficiency Ratio (%) | 58.3% | 59.2% | 55.9% | 54.8% | 55.8% | 56.9% | 56.0% | 56.4% |
| █▄▃▄▃▁█▃ | Cost of Funds (%) | 1.35% | 1.25% | 1.21% | 1.24% | 1.22% | 1.17% | 1.34% | 1.23% |
| ▃▃▃█▇▁▁▁ | NPA / Assets (%) | 0.39% | 0.40% | 0.39% | 0.66% | 0.58% | 0.28% | 0.26% | 0.30% |
| ▄▄▄█▇▂▂▁ | Net Charge-Off Ratio (%) | 0.59% | 0.62% | 0.62% | 0.99% | 0.87% | 0.39% | 0.37% | 0.28% |
| ▃▁▄▇▄▆█▁ | Tang. Book Value ($M) | $28 | $27 | $28 | $30 | $29 | $30 | $30 | $28 |
| ▁▁▁▁▃▆▅█ | Gross Loans ($M) | $179 | $180 | $178 | $181 | $185 | $194 | $193 | $203 |
| ▁▃▅▁▃▄▇█ | Total Deposits ($M) | $240 | $248 | $256 | $242 | $248 | $252 | $262 | $266 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 2% |