Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.39% | -0.45 | 1.84% |
| Return on Equity (%) | ▼ | 17.21% | -8.50 | 25.71% |
| Net Interest Margin (%) | ▲ | 4.75% | +0.17 | 4.59% |
| Efficiency Ratio (%) | ▼ | 66.72% | +2.37 | 64.36% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.17 | $1 |
| Cost of Funds (%) | ▲ | 1.53% | -0.08 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $229 | +16.24 | $213 |
| Gross Loans ($M) | ▲ | $151 | +10.15 | $141 |
| Loan Growth YoY (%) | ▲ | 72.48% | +0.66 | 71.83% |
| Total Deposits ($M) | ▲ | $206 | +12.11 | $194 |
| Shareholders Equity ($M) | ▲ | $19 | +2.88 | $16 |
| Tang. Book Value ($M) | ▲ | $19 | +2.88 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +2.98 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 72.48% | +0.66 | 71.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.02 | 0.01% |
| Allowance / Loans (%) | — | 1.29% | -0.01% | 1.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆▇███ | Net Interest Margin (%) | 4.17% | 4.22% | 4.45% | 4.59% | 4.68% | 4.74% | 4.73% | 4.75% |
| ▁▁█▅▄▄▁▁ | Return on Assets (%) | 1.36% | 1.39% | 2.29% | 1.84% | 1.72% | 1.67% | 1.28% | 1.39% |
| ██▁▅▇▇█▇ | Efficiency Ratio (%) | 67.9% | 68.1% | 59.0% | 64.4% | 65.8% | 66.7% | 67.3% | 66.7% |
| █▇▃▃▃▂▁▁ | Cost of Funds (%) | 1.86% | 1.78% | 1.64% | 1.61% | 1.61% | 1.57% | 1.53% | 1.53% |
| ██▁▁▁▁▂▂ | NPA / Assets (%) | 0.18% | 0.18% | 0.02% | 0.01% | 0.00% | 0.02% | 0.03% | 0.03% |
| ▇█▆▄▁▅▇▁ | Net Charge-Off Ratio (%) | 0.04% | 0.05% | 0.04% | 0.02% | 0.00% | 0.03% | 0.04% | 0.00% |
| ▃▁▂▃▆▇▇█ | Tang. Book Value ($M) | $16 | $15 | $15 | $16 | $17 | $18 | $18 | $19 |
| ▁▁▃▄▅▇██ | Gross Loans ($M) | $132 | $133 | $137 | $141 | $143 | $146 | $149 | $151 |
| ▁▂▃▃▃▅▇█ | Total Deposits ($M) | $189 | $192 | $194 | $194 | $195 | $198 | $203 | $206 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 17% |
| Agricultural | 2% |
| Consumer | 8% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 20% |