Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.39 | 0.90% |
| Return on Equity (%) | ▲ | 17.91% | +1.94 | 15.97% |
| Net Interest Margin (%) | ▲ | 3.54% | +0.45 | 3.09% |
| Efficiency Ratio (%) | ▲ | 66.03% | -7.49 | 73.52% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.24 | $1 |
| Cost of Funds (%) | ▲ | 1.11% | -0.23 | 1.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $325 | +4.55 | $321 |
| Gross Loans ($M) | ▼ | $169 | -1.53 | $170 |
| Loan Growth YoY (%) | ▼ | 57.92% | -2.28 | 60.19% |
| Total Deposits ($M) | ▲ | $287 | +8.27 | $278 |
| Shareholders Equity ($M) | ▲ | $23 | +4.93 | $18 |
| Tang. Book Value ($M) | ▲ | $23 | +4.93 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $29 | +4.77 | $25 |
| Loan / Deposit Ratio (%) | ▼ | 57.92% | -2.28 | 60.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.20% | +0.18 | 0.02% |
| Allowance / Loans (%) | — | 1.72% | 0.03% | 1.70% |
| Net Charge-Off Ratio (%) | ▼ | 0.38% | +0.35 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.79% | +0.70 | 16.09% |
Noninterest income ($0.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▄█▇ | Net Interest Margin (%) | 2.76% | 2.80% | 3.08% | 3.09% | 3.13% | 3.22% | 3.68% | 3.54% |
| ▁▁▂▃▅▄██ | Return on Assets (%) | 0.74% | 0.67% | 0.81% | 0.90% | 1.01% | 0.93% | 1.30% | 1.29% |
| ▇█▇▅▄▅▁▁ | Efficiency Ratio (%) | 76.4% | 78.7% | 76.1% | 73.5% | 71.0% | 73.7% | 66.8% | 66.0% |
| ███▇▆▂▁▁ | Cost of Funds (%) | 1.39% | 1.37% | 1.36% | 1.34% | 1.30% | 1.17% | 1.13% | 1.11% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.01% | 0.02% | 0.03% | 0.02% | 0.01% | 0.01% | 0.20% | 0.20% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.03% | 0.05% | 0.06% | 0.03% | 0.02% | 0.02% | 0.40% | 0.38% |
| ▆▁▃▂▇███ | Tang. Book Value ($M) | $22 | $17 | $19 | $18 | $22 | $23 | $23 | $23 |
| ▁▃▆▇█▆▄▆ | Gross Loans ($M) | $161 | $165 | $168 | $170 | $172 | $168 | $165 | $169 |
| ▄▁▅▅▇▆██ | Total Deposits ($M) | $275 | $265 | $279 | $278 | $283 | $280 | $288 | $287 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 4% |