Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.85% | +0.00 | 1.85% |
| Return on Equity (%) | ▼ | 13.44% | -1.33 | 14.77% |
| Net Interest Margin (%) | ▼ | 4.45% | -0.04 | 4.48% |
| Efficiency Ratio (%) | ▲ | 55.86% | -1.25 | 57.10% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.20 | $3 |
| Cost of Funds (%) | ▲ | 0.79% | -0.07 | 0.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $494 | +12.81 | $481 |
| Gross Loans ($M) | ▲ | $272 | +29.31 | $243 |
| Loan Growth YoY (%) | ▲ | 63.98% | +6.04 | 57.94% |
| Total Deposits ($M) | ▲ | $419 | +6.55 | $412 |
| Shareholders Equity ($M) | ▲ | $69 | +6.73 | $62 |
| Tang. Book Value ($M) | ▲ | $68 | +6.89 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +6.49 | $69 |
| Loan / Deposit Ratio (%) | ▲ | 63.98% | +6.04 | 57.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.50% | -0.09 | 0.59% |
| Allowance / Loans (%) | — | 1.39% | -0.09% | 1.48% |
| Net Charge-Off Ratio (%) | ▲ | 0.66% | -0.43 | 1.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.77% | +0.77 | 22.00% |
Noninterest income ($1.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▆▇▆█▁▅ | Net Interest Margin (%) | 4.36% | 4.41% | 4.46% | 4.48% | 4.48% | 4.52% | 4.38% | 4.45% |
| ▃▆▇▁▇▅█▁ | Return on Assets (%) | 1.88% | 1.91% | 1.92% | 1.85% | 1.93% | 1.91% | 1.95% | 1.85% |
| ▁▂▃█▃▄▁▅ | Efficiency Ratio (%) | 54.5% | 54.6% | 55.2% | 57.1% | 55.1% | 55.4% | 54.1% | 55.9% |
| ▇▅▁▃▆█▁▁ | Cost of Funds (%) | 0.98% | 0.91% | 0.80% | 0.86% | 0.96% | 1.02% | 0.80% | 0.79% |
| ▅▄▁▆▄█▂▃ | NPA / Assets (%) | 0.54% | 0.53% | 0.38% | 0.59% | 0.52% | 0.70% | 0.45% | 0.50% |
| █▇▂█▆█▁▁ | Net Charge-Off Ratio (%) | 1.06% | 0.98% | 0.69% | 1.10% | 0.97% | 1.07% | 0.60% | 0.66% |
| ▁▁▃▄▆▇██ | Tang. Book Value ($M) | $57 | $57 | $60 | $61 | $64 | $66 | $67 | $68 |
| ▂▁▁▂▃▅▆█ | Gross Loans ($M) | $239 | $233 | $237 | $243 | $246 | $254 | $262 | $272 |
| ▁▁▆▅█▁██ | Total Deposits ($M) | $404 | $402 | $416 | $412 | $420 | $404 | $420 | $419 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 10% |
| Agricultural | 2% |
| Consumer | 2% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 65% |
| Interest-Bearing (core) | 35% |
| Brokered / Other | 1% |