Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.10% | -0.09 | 2.19% |
| Return on Equity (%) | ▼ | 11.86% | -0.63 | 12.49% |
| Net Interest Margin (%) | ▼ | 4.48% | -0.16 | 4.64% |
| Efficiency Ratio (%) | ▼ | 57.45% | +0.30 | 57.16% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.01 | $1 |
| Cost of Funds (%) | ▼ | 0.73% | +0.14 | 0.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $104 | +3.08 | $101 |
| Gross Loans ($M) | ▲ | $66 | +0.62 | $65 |
| Loan Growth YoY (%) | ▼ | 81.70% | -2.41 | 84.11% |
| Total Deposits ($M) | ▲ | $80 | +3.02 | $77 |
| Shareholders Equity ($M) | ▲ | $19 | +1.18 | $18 |
| Tang. Book Value ($M) | ▲ | $19 | +1.18 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +1.05 | $19 |
| Loan / Deposit Ratio (%) | ▼ | 81.70% | -2.41 | 84.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.13% | +0.13 | 0.00% |
| Allowance / Loans (%) | — | 0.93% | -0.02% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 0.21% | +0.21 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 29.83% | +0.90 | 28.93% |
Noninterest income ($0.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂█▇██▃▄ | Net Interest Margin (%) | 4.31% | 4.37% | 4.64% | 4.64% | 4.68% | 4.66% | 4.43% | 4.48% |
| ▁▃▅▇▇█▄▅ | Return on Assets (%) | 1.79% | 1.96% | 2.11% | 2.19% | 2.19% | 2.32% | 2.00% | 2.10% |
| █▆▅▃▃▁▅▃ | Efficiency Ratio (%) | 62.1% | 60.0% | 59.2% | 57.2% | 56.9% | 54.9% | 59.0% | 57.5% |
| ▁▃▃▄▆█▇█ | Cost of Funds (%) | 0.42% | 0.54% | 0.53% | 0.59% | 0.63% | 0.76% | 0.70% | 0.73% |
| ▁▁▁▁▁▁▂█ | NPA / Assets (%) | 0.00% | 0.00% | 0.01% | 0.00% | 0.01% | 0.00% | 0.02% | 0.13% |
| ▁▁▁▁▁▁▂█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.02% | 0.00% | 0.01% | 0.00% | 0.03% | 0.21% |
| ▁▂▂▄▅███ | Tang. Book Value ($M) | $17 | $17 | $17 | $18 | $18 | $18 | $18 | $19 |
| ▁▃▂█▇▇▄█ | Gross Loans ($M) | $60 | $62 | $61 | $65 | $65 | $65 | $63 | $66 |
| ▁▃▄▄▃▇█▇ | Total Deposits ($M) | $72 | $75 | $76 | $77 | $75 | $79 | $81 | $80 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 6% |
| Agricultural | 20% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 3% |