Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.27 | 0.82% |
| Return on Equity (%) | ▲ | 13.89% | +1.89 | 12.00% |
| Net Interest Margin (%) | ▲ | 3.87% | +0.31 | 3.56% |
| Efficiency Ratio (%) | ▲ | 66.56% | -0.76 | 67.32% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.13 | $2 |
| Cost of Funds (%) | ▲ | 1.21% | -0.17 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $611 | +4.44 | $607 |
| Gross Loans ($M) | ▲ | $406 | +12.75 | $393 |
| Loan Growth YoY (%) | ▲ | 75.69% | +2.22 | 73.47% |
| Total Deposits ($M) | ▲ | $530 | +1.50 | $529 |
| Shareholders Equity ($M) | ▲ | $48 | +6.40 | $42 |
| Tang. Book Value ($M) | ▲ | $46 | +6.41 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +6.35 | $47 |
| Loan / Deposit Ratio (%) | ▲ | 75.69% | +2.22 | 73.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.62% | +0.39 | 1.23% |
| Allowance / Loans (%) | — | 1.15% | -0.07% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 2.42% | +0.53 | 1.90% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▃▅▇█ | Net Interest Margin (%) | 3.43% | 3.45% | 3.52% | 3.56% | 3.59% | 3.70% | 3.81% | 3.87% |
| ▄▄▁▁▂▅██ | Return on Assets (%) | 0.92% | 0.93% | 0.79% | 0.82% | 0.85% | 0.96% | 1.07% | 1.09% |
| ▄▄█▁▃▃▁▁ | Efficiency Ratio (%) | 69.8% | 69.6% | 73.7% | 67.3% | 68.6% | 68.5% | 66.9% | 66.6% |
| ▇█▇▆█▅▃▁ | Cost of Funds (%) | 1.40% | 1.44% | 1.39% | 1.38% | 1.43% | 1.34% | 1.28% | 1.21% |
| █▄▁▄▁▅▇█ | NPA / Assets (%) | 1.65% | 1.27% | 0.88% | 1.23% | 0.97% | 1.30% | 1.48% | 1.62% |
| █▄▁▄▂▅▇█ | Net Charge-Off Ratio (%) | 2.52% | 1.89% | 1.33% | 1.90% | 1.50% | 1.99% | 2.24% | 2.42% |
| ▅▁▃▃▇███ | Tang. Book Value ($M) | $42 | $37 | $40 | $40 | $44 | $45 | $45 | $46 |
| ▁▃▂▄▂▃▅█ | Gross Loans ($M) | $385 | $390 | $388 | $393 | $390 | $391 | $397 | $406 |
| ▂▁▂██▆██ | Total Deposits ($M) | $500 | $492 | $499 | $529 | $531 | $517 | $527 | $530 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 11% |
| Agricultural | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 8% |