Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.26% | +0.09 | 1.17% |
| Return on Equity (%) | ▲ | 7.44% | +0.40 | 7.04% |
| Net Interest Margin (%) | ▲ | 4.07% | +0.15 | 3.92% |
| Efficiency Ratio (%) | ▲ | 55.46% | -0.58 | 56.04% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.10 | $2 |
| Cost of Funds (%) | ▲ | 1.57% | -0.09 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $624 | +26.76 | $598 |
| Gross Loans ($M) | ▲ | $469 | +30.97 | $438 |
| Loan Growth YoY (%) | ▼ | 101.49% | -0.11 | 101.60% |
| Total Deposits ($M) | ▲ | $457 | +30.78 | $427 |
| Shareholders Equity ($M) | ▲ | $104 | +2.63 | $101 |
| Tang. Book Value ($M) | ▲ | $58 | +6.19 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $60 | +5.95 | $54 |
| Loan / Deposit Ratio (%) | ▼ | 101.49% | -0.11 | 101.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.99% | -0.03% | 1.02% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.80% | +0.45 | 11.35% |
Noninterest income ($1.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆█▇ | Net Interest Margin (%) | 3.60% | 3.62% | 3.88% | 3.92% | 3.97% | 4.00% | 4.20% | 4.07% |
| ▁▁▅▅▆▆█▇ | Return on Assets (%) | 0.95% | 0.97% | 1.15% | 1.17% | 1.18% | 1.18% | 1.30% | 1.26% |
| ██▃▂▂▃▁▁ | Efficiency Ratio (%) | 60.0% | 59.8% | 56.9% | 56.0% | 56.4% | 56.5% | 55.3% | 55.5% |
| █▆▃▂▂▅▁▁ | Cost of Funds (%) | 1.92% | 1.81% | 1.66% | 1.65% | 1.65% | 1.76% | 1.61% | 1.57% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▂▄▅▅▅█ | Tang. Book Value ($M) | $48 | $48 | $49 | $51 | $53 | $53 | $53 | $58 |
| ▁▁▃▃▆▆██ | Gross Loans ($M) | $424 | $426 | $439 | $438 | $453 | $457 | $465 | $469 |
| ▁█▅▃▂▃▅█ | Total Deposits ($M) | $412 | $461 | $440 | $427 | $418 | $425 | $442 | $457 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 11% |
| Agricultural | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 14% |