Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.77% | +0.24 | 0.53% |
| Return on Equity (%) | ▲ | 7.16% | +1.25 | 5.91% |
| Net Interest Margin (%) | ▲ | 2.90% | +0.32 | 2.58% |
| Efficiency Ratio (%) | ▲ | 76.93% | -5.38 | 82.31% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.19 | $1 |
| Cost of Funds (%) | ▲ | 1.20% | -0.30 | 1.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $396 | -3.71 | $400 |
| Gross Loans ($M) | ▲ | $233 | +5.50 | $228 |
| Loan Growth YoY (%) | ▲ | 67.49% | +2.54 | 64.95% |
| Total Deposits ($M) | ▼ | $341 | -4.92 | $346 |
| Shareholders Equity ($M) | ▲ | $45 | +5.43 | $39 |
| Tang. Book Value ($M) | ▲ | $41 | +5.43 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +5.09 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 67.49% | +2.54 | 64.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.31% | -0.10 | 0.42% |
| Allowance / Loans (%) | — | 1.37% | -0.02% | 1.39% |
| Net Charge-Off Ratio (%) | ▲ | 0.53% | -0.20 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▃▄▅▇█ | Net Interest Margin (%) | 2.49% | 2.48% | 2.43% | 2.58% | 2.63% | 2.68% | 2.78% | 2.90% |
| ▂▁▁▃▄▅▇█ | Return on Assets (%) | 0.46% | 0.44% | 0.40% | 0.53% | 0.57% | 0.60% | 0.69% | 0.77% |
| ▆▇█▅▄▄▂▁ | Efficiency Ratio (%) | 83.4% | 83.9% | 85.9% | 82.3% | 81.2% | 80.4% | 78.6% | 76.9% |
| ▇█▅▇▃▃▁▁ | Cost of Funds (%) | 1.49% | 1.60% | 1.39% | 1.50% | 1.31% | 1.30% | 1.15% | 1.20% |
| ▁▁▁▁▁█▁▁ | NPA / Assets (%) | 0.39% | 0.34% | 0.32% | 0.42% | 0.30% | 1.60% | 0.28% | 0.31% |
| ▁▁▁▁▁█▁▁ | Net Charge-Off Ratio (%) | 0.70% | 0.61% | 0.60% | 0.73% | 0.54% | 2.79% | 0.51% | 0.53% |
| ▃▁▂▄▆███ | Tang. Book Value ($M) | $34 | $32 | $34 | $36 | $38 | $41 | $40 | $41 |
| ▁▃▁▂▆██▆ | Gross Loans ($M) | $227 | $229 | $226 | $228 | $233 | $235 | $236 | $233 |
| ▃▅█▂▅▃█▁ | Total Deposits ($M) | $353 | $360 | $376 | $346 | $359 | $350 | $376 | $341 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 17% |
| Agricultural | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 11% |