Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.76% | +0.50 | 1.26% |
| Return on Equity (%) | ▲ | 20.52% | +3.21 | 17.31% |
| Net Interest Margin (%) | ▲ | 4.11% | +0.43 | 3.68% |
| Efficiency Ratio (%) | ▲ | 60.95% | -7.13 | 68.08% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.74 | $2 |
| Cost of Funds (%) | ▲ | 1.58% | -0.22 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $501 | +20.35 | $481 |
| Gross Loans ($M) | ▲ | $327 | +24.38 | $302 |
| Loan Growth YoY (%) | ▲ | 71.25% | +3.51 | 67.74% |
| Total Deposits ($M) | ▲ | $453 | +11.81 | $441 |
| Shareholders Equity ($M) | ▲ | $45 | +8.03 | $37 |
| Tang. Book Value ($M) | ▲ | $45 | +8.03 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +7.76 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 71.25% | +3.51 | 67.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.17 | 0.02% |
| Allowance / Loans (%) | — | 1.27% | 0.05% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.29% | +0.26 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅██ | Net Interest Margin (%) | 3.49% | 3.52% | 3.61% | 3.68% | 3.73% | 3.81% | 4.04% | 4.11% |
| ▁▁▁▂▂▃▇█ | Return on Assets (%) | 1.19% | 1.18% | 1.12% | 1.26% | 1.26% | 1.33% | 1.60% | 1.76% |
| ███▇▅▄▃▁ | Efficiency Ratio (%) | 69.5% | 68.8% | 69.8% | 68.1% | 66.3% | 65.3% | 63.8% | 61.0% |
| ▄▇▆███▁▁ | Cost of Funds (%) | 1.68% | 1.75% | 1.74% | 1.79% | 1.79% | 1.77% | 1.60% | 1.58% |
| ▂▂▁▁▁███ | NPA / Assets (%) | 0.04% | 0.06% | 0.02% | 0.02% | 0.03% | 0.19% | 0.19% | 0.19% |
| ▂▂▁▁▁███ | Net Charge-Off Ratio (%) | 0.07% | 0.09% | 0.03% | 0.03% | 0.05% | 0.29% | 0.29% | 0.29% |
| ▄▁▂▄▆▅▇█ | Tang. Book Value ($M) | $37 | $30 | $34 | $37 | $41 | $39 | $43 | $45 |
| ▁▃▄▅▆███ | Gross Loans ($M) | $268 | $285 | $295 | $302 | $312 | $328 | $326 | $327 |
| ▁▁▆▆▇▇██ | Total Deposits ($M) | $393 | $400 | $436 | $441 | $448 | $442 | $458 | $453 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 5% |
| Agricultural | 7% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 12% |