Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.22% | -0.32 | 0.54% |
| Return on Equity (%) | ▼ | 2.19% | -3.70 | 5.89% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.32 | 3.36% |
| Efficiency Ratio (%) | ▼ | 90.58% | +2.33 | 88.25% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.75 | $1 |
| Cost of Funds (%) | ▲ | 2.37% | -0.90 | 3.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $334 | -22.46 | $356 |
| Gross Loans ($M) | ▼ | $225 | -39.58 | $265 |
| Loan Growth YoY (%) | ▼ | 75.72% | -9.93 | 85.65% |
| Total Deposits ($M) | ▼ | $294 | -11.67 | $306 |
| Shareholders Equity ($M) | ▲ | $34 | +0.39 | $34 |
| Tang. Book Value ($M) | ▲ | $32 | +0.40 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +0.77 | $33 |
| Loan / Deposit Ratio (%) | ▼ | 75.72% | -9.93 | 85.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.87% | -0.34 | 2.20% |
| Allowance / Loans (%) | — | 1.20% | 0.03% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 2.27% | -0.28 | 2.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁▁▂█▄▆ | Net Interest Margin (%) | 3.34% | 3.47% | 3.38% | 3.36% | 3.46% | 3.84% | 3.57% | 3.67% |
| █▇▁▄▅▄▁▁ | Return on Assets (%) | 1.13% | 0.89% | 0.13% | 0.54% | 0.74% | 0.53% | 0.10% | 0.22% |
| ▁▃█▅▄▂█▆ | Efficiency Ratio (%) | 80.0% | 83.9% | 94.3% | 88.3% | 85.9% | 83.2% | 95.0% | 90.6% |
| ▇▇▆█▇▅▂▁ | Cost of Funds (%) | 3.12% | 3.08% | 2.97% | 3.27% | 3.12% | 2.88% | 2.57% | 2.37% |
| ▁▇█▇▇▃▃▅ | NPA / Assets (%) | 1.13% | 2.17% | 2.47% | 2.20% | 2.27% | 1.51% | 1.47% | 1.87% |
| ▁▇█▇█▃▃▅ | Net Charge-Off Ratio (%) | 1.16% | 2.50% | 2.94% | 2.56% | 2.76% | 1.72% | 1.71% | 2.27% |
| █▁▁▄▇▆▆▅ | Tang. Book Value ($M) | $33 | $31 | $31 | $32 | $33 | $32 | $32 | $32 |
| ██▆▆▅▃▁▁ | Gross Loans ($M) | $281 | $278 | $266 | $265 | $257 | $244 | $228 | $225 |
| █▇▄▃▄▃▂▁ | Total Deposits ($M) | $326 | $318 | $308 | $306 | $308 | $306 | $300 | $294 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 19% |
| Agricultural | 13% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 18% |