Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.47% | +0.50 | 1.97% |
| Return on Equity (%) | ▲ | 19.22% | +3.19 | 16.03% |
| Net Interest Margin (%) | ▲ | 3.97% | +0.33 | 3.64% |
| Efficiency Ratio (%) | ▲ | 46.94% | -6.96 | 53.90% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.57 | $2 |
| Cost of Funds (%) | ▲ | 1.40% | -0.30 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $354 | +24.77 | $329 |
| Gross Loans ($M) | ▲ | $197 | +34.07 | $163 |
| Loan Growth YoY (%) | ▲ | 62.99% | +7.67 | 55.32% |
| Total Deposits ($M) | ▲ | $305 | +19.40 | $285 |
| Shareholders Equity ($M) | ▲ | $47 | +5.45 | $41 |
| Tang. Book Value ($M) | ▲ | $47 | +5.45 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +5.09 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 62.99% | +7.67 | 55.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.37% | -0.82 | 1.18% |
| Allowance / Loans (%) | — | 2.67% | -0.58% | 3.25% |
| Net Charge-Off Ratio (%) | ▲ | 0.66% | -1.73 | 2.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▅█ | Net Interest Margin (%) | 3.47% | 3.49% | 3.52% | 3.64% | 3.67% | 3.75% | 3.75% | 3.97% |
| ▃▄▁▃▄▇▆█ | Return on Assets (%) | 2.02% | 2.06% | 1.79% | 1.97% | 2.05% | 2.35% | 2.26% | 2.47% |
| ▅▄█▇▅▄▂▁ | Efficiency Ratio (%) | 51.7% | 51.0% | 56.1% | 53.9% | 52.6% | 51.3% | 48.9% | 46.9% |
| █▇▆▅▃▃▁▁ | Cost of Funds (%) | 1.89% | 1.79% | 1.73% | 1.70% | 1.58% | 1.53% | 1.45% | 1.40% |
| ▅▄▄█▄▂▁▁ | NPA / Assets (%) | 0.80% | 0.78% | 0.73% | 1.18% | 0.69% | 0.49% | 0.46% | 0.37% |
| ▄▄▄█▄▂▂▁ | Net Charge-Off Ratio (%) | 1.39% | 1.40% | 1.50% | 2.39% | 1.36% | 0.93% | 0.90% | 0.66% |
| ▅▁▁▂█▆▅█ | Tang. Book Value ($M) | $44 | $40 | $40 | $41 | $46 | $45 | $44 | $47 |
| ▆▄▁▁▃▅▆█ | Gross Loans ($M) | $186 | $179 | $165 | $163 | $172 | $181 | $185 | $197 |
| ▁▂▅▃▄▅█▇ | Total Deposits ($M) | $277 | $282 | $294 | $285 | $290 | $297 | $311 | $305 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 10% |
| Agricultural | 4% |
| Consumer | 6% |
| Other | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 5% |