Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.37% | -0.38 | 1.74% |
| Return on Equity (%) | ▼ | 10.00% | -3.57 | 13.57% |
| Net Interest Margin (%) | ▲ | 4.88% | +0.37 | 4.51% |
| Efficiency Ratio (%) | ▼ | 65.39% | +4.92 | 60.47% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.04 | $1 |
| Cost of Funds (%) | ▲ | 1.27% | -0.19 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $322 | +20.54 | $302 |
| Gross Loans ($M) | ▲ | $227 | +18.80 | $208 |
| Loan Growth YoY (%) | ▲ | 85.50% | +4.32 | 81.19% |
| Total Deposits ($M) | ▲ | $259 | +8.84 | $251 |
| Shareholders Equity ($M) | ▲ | $45 | +4.88 | $40 |
| Tang. Book Value ($M) | ▲ | $45 | +4.88 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +5.01 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 85.50% | +4.32 | 81.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.31% | -0.19 | 1.50% |
| Allowance / Loans (%) | — | 2.05% | 0.02% | 2.04% |
| Net Charge-Off Ratio (%) | ▲ | 1.87% | -0.31 | 2.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.62M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▆▆▆██ | Net Interest Margin (%) | 3.87% | 3.97% | 4.53% | 4.51% | 4.58% | 4.62% | 4.83% | 4.88% |
| ▁▁█▆▄▃▇▂ | Return on Assets (%) | 1.22% | 1.29% | 1.92% | 1.74% | 1.54% | 1.47% | 1.77% | 1.37% |
| ██▁▃▃▅▅█ | Efficiency Ratio (%) | 66.2% | 66.1% | 58.5% | 60.5% | 61.2% | 62.4% | 62.5% | 65.4% |
| █▆▃▃▃▁▁▁ | Cost of Funds (%) | 1.91% | 1.73% | 1.50% | 1.46% | 1.44% | 1.32% | 1.28% | 1.27% |
| ▁▂▅▄▄▅█▃ | NPA / Assets (%) | 0.89% | 1.28% | 1.73% | 1.50% | 1.66% | 1.77% | 2.48% | 1.31% |
| ▁▂▅▄▄▅█▂ | Net Charge-Off Ratio (%) | 1.32% | 1.87% | 2.56% | 2.18% | 2.43% | 2.59% | 3.57% | 1.87% |
| ▂▁▂▃▆▇██ | Tang. Book Value ($M) | $38 | $37 | $39 | $40 | $42 | $43 | $44 | $45 |
| ▁▁▁▂▃▇▇█ | Gross Loans ($M) | $205 | $205 | $203 | $208 | $209 | $221 | $222 | $227 |
| ▁▃▅▅▅██▆ | Total Deposits ($M) | $227 | $239 | $253 | $251 | $252 | $272 | $267 | $259 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 39% |
| C&I / Commercial | 11% |
| Agricultural | 44% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 11% |