Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.38% | -0.49 | 0.87% |
| Return on Equity (%) | ▼ | 4.60% | -6.00 | 10.60% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.10 | 3.74% |
| Efficiency Ratio (%) | ▼ | 87.16% | +18.00 | 69.16% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.02 | $2 |
| Cost of Funds (%) | ▼ | 2.24% | +0.11 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $561 | +61.05 | $500 |
| Gross Loans ($M) | ▲ | $406 | +65.02 | $341 |
| Loan Growth YoY (%) | ▲ | 78.90% | +4.23 | 74.67% |
| Total Deposits ($M) | ▲ | $510 | +58.13 | $452 |
| Shareholders Equity ($M) | ▲ | $46 | +2.95 | $43 |
| Tang. Book Value ($M) | ▲ | $45 | +2.95 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +1.85 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 78.90% | +4.23 | 74.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.36% | +0.03 | 0.33% |
| Allowance / Loans (%) | — | 0.99% | -0.18% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 0.31% | -0.15 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▇██▇█ | Net Interest Margin (%) | 3.09% | 3.18% | 3.53% | 3.74% | 3.82% | 3.86% | 3.73% | 3.83% |
| ▇▇████▁▅ | Return on Assets (%) | 0.68% | 0.69% | 0.74% | 0.87% | 0.87% | 0.85% | -0.24% | 0.38% |
| ▂▂▁▁▁▁█▄ | Efficiency Ratio (%) | 74.9% | 74.7% | 72.5% | 69.2% | 70.2% | 71.8% | 107.7% | 87.2% |
| █▇▃▁▆▃▁▄ | Cost of Funds (%) | 2.41% | 2.34% | 2.21% | 2.13% | 2.31% | 2.23% | 2.16% | 2.24% |
| ▄▃▂▁▁▂█▂ | NPA / Assets (%) | 0.42% | 0.38% | 0.33% | 0.33% | 0.30% | 0.33% | 0.54% | 0.36% |
| ▆▅▄▃▂▃█▁ | Net Charge-Off Ratio (%) | 0.64% | 0.59% | 0.52% | 0.45% | 0.42% | 0.45% | 0.78% | 0.31% |
| ▅▁▃▅█▇▆█ | Tang. Book Value ($M) | $42 | $38 | $40 | $42 | $45 | $45 | $44 | $45 |
| ▁▂▃▄▄▅▆█ | Gross Loans ($M) | $297 | $312 | $328 | $341 | $350 | $358 | $373 | $406 |
| ▁▁▄▂▂▄██ | Total Deposits ($M) | $437 | $440 | $467 | $452 | $448 | $465 | $510 | $510 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 16% |