Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.52% | -0.06 | 2.58% |
| Return on Equity (%) | ▼ | 16.40% | -3.57 | 19.97% |
| Net Interest Margin (%) | ▲ | 4.06% | +0.12 | 3.93% |
| Efficiency Ratio (%) | ▼ | 30.84% | +2.59 | 28.25% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.39 | $4 |
| Cost of Funds (%) | ▲ | 0.72% | -0.01 | 0.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $395 | -28.46 | $423 |
| Gross Loans ($M) | ▼ | $101 | -2.36 | $103 |
| Loan Growth YoY (%) | ▲ | 29.93% | +2.28 | 27.65% |
| Total Deposits ($M) | ▼ | $328 | -35.96 | $364 |
| Shareholders Equity ($M) | ▲ | $65 | +7.39 | $58 |
| Tang. Book Value ($M) | ▲ | $65 | +7.39 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +5.66 | $72 |
| Loan / Deposit Ratio (%) | ▲ | 29.93% | +2.28 | 27.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.28 | 0.00% |
| Allowance / Loans (%) | — | 2.39% | 0.16% | 2.23% |
| Net Charge-Off Ratio (%) | ▼ | 1.08% | +1.08 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 40.14% | +3.83 | 36.31% |
Noninterest income ($0.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▆▁▄▃▅██ | Net Interest Margin (%) | 4.01% | 3.98% | 3.82% | 3.93% | 3.91% | 3.95% | 4.05% | 4.06% |
| ▆█▁█▅▆▄▅ | Return on Assets (%) | 2.54% | 2.57% | 2.44% | 2.58% | 2.53% | 2.53% | 2.51% | 2.52% |
| ▁▁▆▁▃▂▇█ | Efficiency Ratio (%) | 28.1% | 28.2% | 29.8% | 28.2% | 28.9% | 28.6% | 30.4% | 30.8% |
| █▆▅▁▇▁▁▁ | Cost of Funds (%) | 0.99% | 0.92% | 0.88% | 0.73% | 0.96% | 0.72% | 0.72% | 0.72% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.28% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.01% | 0.00% | 0.00% | 0.00% | 0.06% | 0.02% | 0.01% | 1.08% |
| ▂▁▃▄█▇██ | Tang. Book Value ($M) | $54 | $51 | $56 | $58 | $64 | $62 | $64 | $65 |
| ▅▁▂▂▄▆█▁ | Gross Loans ($M) | $106 | $102 | $103 | $103 | $106 | $108 | $112 | $101 |
| ▅█▇▆▅█▄▁ | Total Deposits ($M) | $358 | $378 | $368 | $364 | $356 | $374 | $349 | $328 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 28% |
| Agricultural | 5% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 51% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 4% |