Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.09 | 1.25% |
| Return on Equity (%) | ▼ | 11.34% | -0.24 | 11.58% |
| Net Interest Margin (%) | ▲ | 4.12% | +0.19 | 3.93% |
| Efficiency Ratio (%) | ▲ | 64.86% | -2.87 | 67.73% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.38 | $1 |
| Cost of Funds (%) | ▲ | 1.72% | -0.14 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $310 | -8.48 | $318 |
| Gross Loans ($M) | ▲ | $228 | +18.94 | $209 |
| Loan Growth YoY (%) | ▲ | 83.64% | +10.14 | 73.50% |
| Total Deposits ($M) | ▼ | $270 | -11.59 | $281 |
| Shareholders Equity ($M) | ▲ | $39 | +3.25 | $36 |
| Tang. Book Value ($M) | ▲ | $37 | +3.60 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +3.18 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 83.64% | +10.14 | 73.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.62% | +0.47 | 0.15% |
| Allowance / Loans (%) | — | 1.10% | -0.04% | 1.15% |
| Net Charge-Off Ratio (%) | ▼ | 0.63% | +0.63 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.81% | -0.01 | 15.83% |
Noninterest income ($0.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▂▁▃▅▅▄█ | Net Interest Margin (%) | 3.96% | 3.91% | 3.84% | 3.93% | 4.00% | 4.00% | 3.97% | 4.12% |
| █▇▆▆▆▅▁█ | Return on Assets (%) | 1.38% | 1.31% | 1.27% | 1.25% | 1.25% | 1.22% | 1.02% | 1.34% |
| ▁▃▄████▁ | Efficiency Ratio (%) | 64.7% | 65.8% | 66.1% | 67.7% | 67.8% | 67.9% | 68.1% | 64.9% |
| █▄▂▃▅▂▁▁ | Cost of Funds (%) | 2.14% | 1.92% | 1.81% | 1.86% | 1.98% | 1.82% | 1.77% | 1.72% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.17% | 0.17% | 0.19% | 0.15% | 0.19% | 0.15% | 0.65% | 0.62% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.02% | 0.03% | 0.06% | 0.00% | 0.06% | 0.00% | 0.69% | 0.63% |
| ▃▁▂▄▆▅▆█ | Tang. Book Value ($M) | $33 | $31 | $32 | $33 | $35 | $34 | $35 | $37 |
| ▁▃▃▄▃▇██ | Gross Loans ($M) | $197 | $206 | $208 | $209 | $209 | $223 | $228 | $228 |
| ▁▃▇▇▄█▆▂ | Total Deposits ($M) | $266 | $271 | $281 | $281 | $273 | $284 | $278 | $270 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 47% |
| C&I / Commercial | 12% |
| Agricultural | 36% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 8% |