Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.09% | +0.06 | 2.03% |
| Return on Equity (%) | ▼ | 17.72% | -0.87 | 18.59% |
| Net Interest Margin (%) | ▲ | 4.94% | +0.19 | 4.75% |
| Efficiency Ratio (%) | ▼ | 57.42% | +1.85 | 55.57% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.09 | $4 |
| Cost of Funds (%) | ▲ | 1.99% | -0.22 | 2.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $628 | +34.62 | $594 |
| Gross Loans ($M) | ▲ | $530 | +45.66 | $484 |
| Loan Growth YoY (%) | ▲ | 107.22% | +5.65 | 101.57% |
| Total Deposits ($M) | ▲ | $486 | +17.01 | $469 |
| Shareholders Equity ($M) | ▲ | $75 | +7.89 | $67 |
| Tang. Book Value ($M) | ▲ | $75 | +7.89 | $67 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +7.88 | $69 |
| Loan / Deposit Ratio (%) | ▲ | 107.22% | +5.65 | 101.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.19% | +0.66 | 0.53% |
| Allowance / Loans (%) | — | 1.74% | 0.03% | 1.71% |
| Net Charge-Off Ratio (%) | ▼ | 1.37% | +0.72 | 0.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 4.54% | 4.56% | 4.60% | 4.75% | 4.82% | 4.85% | 4.88% | 4.94% |
| ▁▂▂▄██▄▅ | Return on Assets (%) | 1.87% | 1.96% | 1.96% | 2.03% | 2.27% | 2.25% | 2.02% | 2.09% |
| █▆▅▅▁▁██ | Efficiency Ratio (%) | 57.6% | 56.2% | 55.5% | 55.6% | 52.7% | 53.0% | 57.8% | 57.4% |
| █▇▇▆▄▄▁▁ | Cost of Funds (%) | 2.30% | 2.24% | 2.24% | 2.21% | 2.14% | 2.13% | 2.02% | 1.99% |
| ▃▁▂▁▁▄██ | NPA / Assets (%) | 0.67% | 0.55% | 0.61% | 0.53% | 0.47% | 0.77% | 1.11% | 1.19% |
| ▃▂▂▁▁▄██ | Net Charge-Off Ratio (%) | 0.79% | 0.68% | 0.69% | 0.64% | 0.58% | 0.89% | 1.28% | 1.37% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $62 | $64 | $66 | $67 | $70 | $72 | $73 | $75 |
| ▁▁▁▂▃▄▇█ | Gross Loans ($M) | $478 | $477 | $482 | $484 | $492 | $503 | $517 | $530 |
| ▁█▆▅▆▆▇█ | Total Deposits ($M) | $448 | $482 | $473 | $469 | $473 | $475 | $480 | $486 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 5% |
| Agricultural | 3% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 19% |