Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.41% | +0.35 | 1.06% |
| Return on Equity (%) | ▲ | 17.90% | +3.03 | 14.87% |
| Net Interest Margin (%) | ▲ | 3.96% | +0.27 | 3.70% |
| Efficiency Ratio (%) | ▲ | 61.83% | -6.41 | 68.24% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.46 | $1 |
| Cost of Funds (%) | ▲ | 2.00% | -0.13 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $423 | +28.64 | $394 |
| Gross Loans ($M) | ▲ | $315 | +21.02 | $294 |
| Loan Growth YoY (%) | ▼ | 80.66% | -0.95 | 81.60% |
| Total Deposits ($M) | ▲ | $386 | +29.77 | $356 |
| Shareholders Equity ($M) | ▲ | $34 | +5.21 | $29 |
| Tang. Book Value ($M) | ▲ | $30 | +5.53 | $25 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +5.86 | $28 |
| Loan / Deposit Ratio (%) | ▼ | 80.66% | -0.95 | 81.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.82% | +0.12 | 0.70% |
| Allowance / Loans (%) | — | 1.14% | 0.05% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.96% | +0.12 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.89% | +0.26 | 11.63% |
Noninterest income ($0.74M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆▇▇▇█ | Net Interest Margin (%) | 3.17% | 3.26% | 3.54% | 3.70% | 3.79% | 3.81% | 3.81% | 3.96% |
| ▁▂▂▄▄▄██ | Return on Assets (%) | 0.83% | 0.91% | 0.92% | 1.06% | 1.06% | 1.12% | 1.37% | 1.41% |
| █▇▆▅▅▅▁▁ | Efficiency Ratio (%) | 73.8% | 71.6% | 70.6% | 68.2% | 68.9% | 68.1% | 62.3% | 61.8% |
| █▇▄▃▃▂▁▁ | Cost of Funds (%) | 2.44% | 2.35% | 2.21% | 2.13% | 2.12% | 2.04% | 1.97% | 2.00% |
| ▁▆█▆▇▄▆▇ | NPA / Assets (%) | 0.31% | 0.76% | 0.92% | 0.70% | 0.81% | 0.61% | 0.74% | 0.82% |
| ▁▆█▅▆▄▆▇ | Net Charge-Off Ratio (%) | 0.44% | 0.93% | 1.13% | 0.84% | 0.88% | 0.73% | 0.91% | 0.96% |
| ▂▁▁▃▅▇▇█ | Tang. Book Value ($M) | $24 | $22 | $23 | $25 | $27 | $29 | $29 | $30 |
| ▁▂▃▅▆▅▆█ | Gross Loans ($M) | $271 | $280 | $284 | $294 | $301 | $298 | $303 | $315 |
| ▁▁▁▃▅███ | Total Deposits ($M) | $341 | $341 | $343 | $356 | $366 | $382 | $385 | $386 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 7% |
| Agricultural | 5% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 12% |