Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.44% | +0.35 | 1.08% |
| Return on Equity (%) | ▲ | 22.51% | +4.08 | 18.43% |
| Net Interest Margin (%) | ▲ | 3.21% | +0.46 | 2.75% |
| Efficiency Ratio (%) | ▲ | 63.37% | -6.91 | 70.28% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.07 | $2 |
| Cost of Funds (%) | ▲ | 1.61% | -0.32 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $818 | +76.16 | $741 |
| Gross Loans ($M) | ▲ | $486 | +34.51 | $451 |
| Loan Growth YoY (%) | ▼ | 66.81% | -0.03 | 66.84% |
| Total Deposits ($M) | ▲ | $722 | +52.68 | $669 |
| Shareholders Equity ($M) | ▲ | $53 | +8.32 | $45 |
| Tang. Book Value ($M) | ▲ | $53 | +8.38 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +9.68 | $56 |
| Loan / Deposit Ratio (%) | ▼ | 66.81% | -0.03 | 66.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.17% | +0.15 | 0.02% |
| Allowance / Loans (%) | — | 0.72% | -0.16% | 0.88% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.00 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.76% | +0.44 | 15.33% |
Noninterest income ($2.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅██ | Net Interest Margin (%) | 2.43% | 2.44% | 2.72% | 2.75% | 2.83% | 2.84% | 3.17% | 3.21% |
| ▁▁▄▃▄▄██ | Return on Assets (%) | 0.86% | 0.86% | 1.11% | 1.08% | 1.12% | 1.11% | 1.51% | 1.44% |
| ██▆▆▅▅▁▁ | Efficiency Ratio (%) | 74.6% | 74.3% | 70.4% | 70.3% | 69.7% | 69.2% | 62.6% | 63.4% |
| █▆▆▅▅▂▁▁ | Cost of Funds (%) | 2.16% | 1.96% | 1.96% | 1.92% | 1.90% | 1.69% | 1.60% | 1.61% |
| ▂▁▁▁███▄ | NPA / Assets (%) | 0.06% | 0.01% | 0.01% | 0.02% | 0.36% | 0.33% | 0.34% | 0.17% |
| ▂▁▁▁███▁ | Net Charge-Off Ratio (%) | 0.09% | 0.03% | 0.01% | 0.02% | 0.57% | 0.57% | 0.55% | 0.02% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $40 | $41 | $43 | $44 | $47 | $49 | $51 | $53 |
| ▁▁▁▃▄▅██ | Gross Loans ($M) | $440 | $439 | $442 | $451 | $457 | $467 | $484 | $486 |
| ▁▅▄▅▃█▅█ | Total Deposits ($M) | $598 | $671 | $651 | $669 | $647 | $735 | $682 | $722 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 16% |