Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.27% | -0.04 | 1.31% |
| Return on Equity (%) | ▼ | 13.03% | -0.57 | 13.60% |
| Net Interest Margin (%) | ▼ | 4.51% | -0.04 | 4.55% |
| Efficiency Ratio (%) | ▼ | 59.60% | +0.53 | 59.06% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.08 | $2 |
| Cost of Funds (%) | ▲ | 1.32% | -0.04 | 1.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $438 | +39.31 | $399 |
| Gross Loans ($M) | ▲ | $214 | +14.95 | $199 |
| Loan Growth YoY (%) | ▼ | 57.13% | -1.48 | 58.61% |
| Total Deposits ($M) | ▲ | $367 | +33.44 | $334 |
| Shareholders Equity ($M) | ▲ | $44 | +5.52 | $39 |
| Tang. Book Value ($M) | ▲ | $44 | +5.52 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +6.95 | $45 |
| Loan / Deposit Ratio (%) | ▼ | 57.13% | -1.48 | 58.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.06 | 0.18% |
| Allowance / Loans (%) | — | 1.73% | 0.26% | 1.47% |
| Net Charge-Off Ratio (%) | ▼ | 0.25% | +0.07 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.67% | +0.97 | 20.71% |
Noninterest income ($0.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▃▇██▁▆ | Net Interest Margin (%) | 4.36% | 4.33% | 4.38% | 4.55% | 4.60% | 4.61% | 4.30% | 4.51% |
| ▁▁▄▇██▄▆ | Return on Assets (%) | 0.88% | 0.94% | 1.10% | 1.31% | 1.42% | 1.39% | 1.11% | 1.27% |
| ██▅▂▁▁▃▂ | Efficiency Ratio (%) | 67.7% | 67.4% | 63.4% | 59.1% | 57.2% | 57.8% | 60.9% | 59.6% |
| ▆█▂▃▂▃▁▂ | Cost of Funds (%) | 1.54% | 1.64% | 1.33% | 1.36% | 1.30% | 1.34% | 1.23% | 1.32% |
| ▂▃█▆▁▁▁▄ | NPA / Assets (%) | 0.07% | 0.11% | 0.25% | 0.18% | 0.05% | 0.06% | 0.04% | 0.12% |
| ▃▅█▄▁▂▁▆ | Net Charge-Off Ratio (%) | 0.16% | 0.23% | 0.32% | 0.18% | 0.10% | 0.13% | 0.10% | 0.25% |
| ▂▁▂▃▆███ | Tang. Book Value ($M) | $38 | $36 | $38 | $39 | $42 | $44 | $44 | $44 |
| ▁▃▃▅▆█▇█ | Gross Loans ($M) | $174 | $187 | $189 | $199 | $204 | $214 | $209 | $214 |
| ▁▃▂▃▅▇█▆ | Total Deposits ($M) | $299 | $328 | $322 | $334 | $353 | $380 | $393 | $367 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 53% |
| C&I / Commercial | 19% |
| Agricultural | 23% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 9% |