Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.26 | 0.84% |
| Return on Equity (%) | ▲ | 14.56% | +2.32 | 12.24% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.44 | 3.42% |
| Efficiency Ratio (%) | ▲ | 64.43% | -5.17 | 69.60% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.33 | $1 |
| Cost of Funds (%) | ▲ | 1.83% | -0.21 | 2.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $384 | +32.75 | $352 |
| Gross Loans ($M) | ▲ | $294 | +20.16 | $274 |
| Loan Growth YoY (%) | ▼ | 83.68% | -2.57 | 86.26% |
| Total Deposits ($M) | ▲ | $347 | +33.55 | $313 |
| Shareholders Equity ($M) | ▲ | $29 | +4.09 | $25 |
| Tang. Book Value ($M) | ▲ | $28 | +4.12 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +4.26 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 83.68% | -2.57 | 86.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.83% | -0.10 | 0.94% |
| Allowance / Loans (%) | — | 1.21% | -0.03% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.92% | -0.08 | 1.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.00% | -0.02 | 11.02% |
Noninterest income ($0.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▅▆██ | Net Interest Margin (%) | 2.91% | 2.96% | 3.22% | 3.42% | 3.47% | 3.55% | 3.78% | 3.86% |
| ▁▁▁▄▅▅▆█ | Return on Assets (%) | 0.59% | 0.61% | 0.62% | 0.84% | 0.87% | 0.85% | 0.93% | 1.09% |
| ██▅▃▃▃▂▁ | Efficiency Ratio (%) | 78.5% | 77.9% | 72.9% | 69.6% | 69.3% | 69.4% | 66.8% | 64.4% |
| █▇▅▄▄▃▁▁ | Cost of Funds (%) | 2.31% | 2.25% | 2.10% | 2.04% | 2.05% | 1.98% | 1.82% | 1.83% |
| ▅▄▄▄▅█▄▁ | NPA / Assets (%) | 0.98% | 0.94% | 0.95% | 0.94% | 0.97% | 1.08% | 0.93% | 0.83% |
| ██▄▃▄█▄▁ | Net Charge-Off Ratio (%) | 1.24% | 1.23% | 1.05% | 1.00% | 1.05% | 1.21% | 1.05% | 0.92% |
| ▃▁▂▃▆▆▇█ | Tang. Book Value ($M) | $23 | $22 | $23 | $23 | $26 | $26 | $27 | $28 |
| ▁▂▂▃▆▆▇█ | Gross Loans ($M) | $264 | $270 | $271 | $274 | $283 | $286 | $290 | $294 |
| ▁▃▅▄▅▆██ | Total Deposits ($M) | $291 | $307 | $320 | $313 | $325 | $327 | $345 | $347 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 15% |
| Agricultural | 1% |
| Consumer | 9% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 21% |