Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.45% | -0.24 | 0.69% |
| Return on Equity (%) | ▼ | 4.65% | -2.91 | 7.56% |
| Net Interest Margin (%) | ▲ | 4.29% | +0.02 | 4.28% |
| Efficiency Ratio (%) | ▼ | 88.37% | +5.68 | 82.68% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.41 | $2 |
| Cost of Funds (%) | ▲ | 1.42% | -0.36 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $968 | -40.66 | $1,009 |
| Gross Loans ($M) | ▼ | $499 | -120.88 | $619 |
| Loan Growth YoY (%) | ▼ | 56.57% | -10.36 | 66.93% |
| Total Deposits ($M) | ▼ | $870 | -42.12 | $912 |
| Shareholders Equity ($M) | ▲ | $96 | +1.79 | $94 |
| Tang. Book Value ($M) | ▲ | $96 | +1.79 | $94 |
| TBV excl. AOCI ($M)** | ▲ | $104 | +1.49 | $102 |
| Loan / Deposit Ratio (%) | ▼ | 56.57% | -10.36 | 66.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.87% | -0.73 | 3.60% |
| Allowance / Loans (%) | — | 1.31% | -0.17% | 1.47% |
| Net Charge-Off Ratio (%) | ▲ | 5.51% | -0.32 | 5.83% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▂▁▂▁▁▁ | Net Interest Margin (%) | 4.57% | 4.56% | 4.32% | 4.28% | 4.31% | 4.31% | 4.28% | 4.29% |
| ▄▆██▆▄▂▁ | Return on Assets (%) | 0.56% | 0.63% | 0.70% | 0.69% | 0.61% | 0.57% | 0.49% | 0.45% |
| ▁▁▃▄▄▅█▇ | Efficiency Ratio (%) | 77.8% | 77.5% | 81.5% | 82.7% | 83.7% | 84.2% | 89.9% | 88.4% |
| ██▇▅▅▃▂▁ | Cost of Funds (%) | 2.05% | 2.04% | 1.90% | 1.78% | 1.77% | 1.60% | 1.51% | 1.42% |
| ▅▆███▄▃▁ | NPA / Assets (%) | 3.25% | 3.40% | 3.52% | 3.60% | 3.59% | 3.17% | 3.14% | 2.87% |
| ▁▂▄██▆▆▆ | Net Charge-Off Ratio (%) | 4.67% | 4.95% | 5.21% | 5.83% | 5.84% | 5.49% | 5.50% | 5.51% |
| ▁▁▂▅▇▅▆█ | Tang. Book Value ($M) | $92 | $92 | $92 | $94 | $95 | $94 | $94 | $96 |
| ██▇▅▄▃▂▁ | Gross Loans ($M) | $714 | $703 | $676 | $619 | $590 | $557 | $538 | $499 |
| █▇▅▆▂▂▁▁ | Total Deposits ($M) | $938 | $926 | $907 | $912 | $878 | $883 | $868 | $870 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 10% |
| Agricultural | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 9% |