Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.14 | 0.87% |
| Return on Equity (%) | ▼ | 16.67% | -3.45 | 20.12% |
| Net Interest Margin (%) | ▲ | 3.34% | +0.11 | 3.24% |
| Efficiency Ratio (%) | ▲ | 71.48% | -3.75 | 75.24% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.22 | $1 |
| Cost of Funds (%) | ▲ | 1.06% | -0.16 | 1.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $548 | +35.60 | $513 |
| Gross Loans ($M) | ▼ | $239 | -5.06 | $244 |
| Loan Growth YoY (%) | ▼ | 47.44% | -3.82 | 51.26% |
| Total Deposits ($M) | ▲ | $499 | +27.31 | $471 |
| Shareholders Equity ($M) | ▲ | $34 | +10.82 | $23 |
| Tang. Book Value ($M) | ▲ | $19 | +11.02 | $8 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +12.44 | $19 |
| Loan / Deposit Ratio (%) | ▼ | 47.44% | -3.82 | 51.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.03 | 0.07% |
| Allowance / Loans (%) | — | 1.06% | 0.01% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.06 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.01% | +0.52 | 14.49% |
Noninterest income ($0.83M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▆▇▇██ | Net Interest Margin (%) | 2.94% | 2.98% | 3.20% | 3.24% | 3.27% | 3.29% | 3.30% | 3.34% |
| ▁▁▄▆▆▆▇█ | Return on Assets (%) | 0.57% | 0.62% | 0.78% | 0.87% | 0.88% | 0.85% | 0.95% | 1.01% |
| ██▅▃▃▄▁▁ | Efficiency Ratio (%) | 82.6% | 81.3% | 77.4% | 75.2% | 75.1% | 75.8% | 72.6% | 71.5% |
| █▇▅▄▃▁▁▁ | Cost of Funds (%) | 1.44% | 1.35% | 1.28% | 1.22% | 1.19% | 1.09% | 1.06% | 1.06% |
| ▇▅▅█▄▂▅▁ | NPA / Assets (%) | 0.06% | 0.06% | 0.06% | 0.07% | 0.05% | 0.05% | 0.06% | 0.04% |
| █▆▇▅▂▁▂▁ | Net Charge-Off Ratio (%) | 0.13% | 0.10% | 0.12% | 0.08% | 0.04% | 0.03% | 0.05% | 0.02% |
| ▅▁▂▂▆█▇█ | Tang. Book Value ($M) | $14 | $5 | $8 | $8 | $16 | $19 | $16 | $19 |
| ▁▇▇█▅█▆▆ | Gross Loans ($M) | $226 | $241 | $240 | $244 | $236 | $243 | $238 | $239 |
| ▁▁▄▅▃▆██ | Total Deposits ($M) | $443 | $448 | $470 | $471 | $459 | $478 | $497 | $499 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 5% |
| Agricultural | 8% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 4% |