Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.15% | -0.71 | 0.86% |
| Return on Equity (%) | ▼ | 1.32% | -6.44 | 7.76% |
| Net Interest Margin (%) | ▲ | 5.70% | +0.28 | 5.42% |
| Efficiency Ratio (%) | ▼ | 94.55% | +6.75 | 87.80% |
| Pre-Provision Profit ($M) | ▼ | $0 | -1.65 | $2 |
| Cost of Funds (%) | ▲ | 1.08% | -0.13 | 1.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $541 | +31.09 | $509 |
| Gross Loans ($M) | ▲ | $370 | +23.26 | $347 |
| Loan Growth YoY (%) | ▲ | 76.74% | +0.08 | 76.65% |
| Total Deposits ($M) | ▲ | $477 | +28.99 | $448 |
| Shareholders Equity ($M) | ▲ | $59 | +1.34 | $57 |
| Tang. Book Value ($M) | ▲ | $59 | +1.38 | $57 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +1.24 | $60 |
| Loan / Deposit Ratio (%) | ▲ | 76.74% | +0.08 | 76.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.51% | +0.28 | 0.23% |
| Allowance / Loans (%) | — | 1.03% | 0.12% | 0.92% |
| Net Charge-Off Ratio (%) | ▼ | 0.55% | +0.23 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.45% | -0.14 | 17.58% |
Noninterest income ($2.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▄▁▂▆███ | Net Interest Margin (%) | 5.41% | 5.49% | 5.34% | 5.42% | 5.58% | 5.72% | 5.71% | 5.70% |
| ▂▁▄▇▇█▄▁ | Return on Assets (%) | 0.27% | 0.07% | 0.44% | 0.86% | 0.77% | 0.98% | 0.47% | 0.15% |
| ▇█▇▃▃▁▅█ | Efficiency Ratio (%) | 93.3% | 95.7% | 94.1% | 87.8% | 88.0% | 84.6% | 90.6% | 94.6% |
| ██▇▅▅▅▁▁ | Cost of Funds (%) | 1.31% | 1.31% | 1.28% | 1.21% | 1.22% | 1.22% | 1.09% | 1.08% |
| ▁▁▁▃▃█▇█ | NPA / Assets (%) | 0.12% | 0.10% | 0.14% | 0.23% | 0.25% | 0.47% | 0.42% | 0.51% |
| ▁▁▂▄▄███ | Net Charge-Off Ratio (%) | 0.14% | 0.12% | 0.19% | 0.32% | 0.34% | 0.58% | 0.56% | 0.55% |
| ▃▁▃▆████ | Tang. Book Value ($M) | $56 | $54 | $55 | $57 | $59 | $59 | $59 | $59 |
| ▆▃▁▂▅▄▅█ | Gross Loans ($M) | $361 | $351 | $341 | $347 | $359 | $355 | $357 | $370 |
| ▃▂▃▄▃▁▇█ | Total Deposits ($M) | $440 | $431 | $439 | $448 | $441 | $424 | $465 | $477 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 6% |