Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.05% | +0.22 | 1.83% |
| Return on Equity (%) | ▲ | 22.72% | +2.23 | 20.49% |
| Net Interest Margin (%) | ▲ | 4.96% | +0.29 | 4.68% |
| Efficiency Ratio (%) | ▲ | 51.12% | -2.40 | 53.52% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.45 | $4 |
| Cost of Funds (%) | ▲ | 1.06% | -0.07 | 1.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $563 | +35.25 | $528 |
| Gross Loans ($M) | ▲ | $395 | +40.26 | $355 |
| Loan Growth YoY (%) | ▲ | 76.48% | +2.95 | 73.53% |
| Total Deposits ($M) | ▲ | $508 | +33.48 | $474 |
| Shareholders Equity ($M) | ▲ | $51 | +2.39 | $48 |
| Tang. Book Value ($M) | ▲ | $51 | +2.39 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +1.77 | $52 |
| Loan / Deposit Ratio (%) | ▲ | 76.48% | +2.95 | 73.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.08 | 0.08% |
| Allowance / Loans (%) | — | 1.71% | -0.02% | 1.73% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.11 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▅▆██ | Net Interest Margin (%) | 4.33% | 4.41% | 4.53% | 4.68% | 4.66% | 4.74% | 4.89% | 4.96% |
| ▁▁▂▅▅▆▇█ | Return on Assets (%) | 1.57% | 1.60% | 1.67% | 1.83% | 1.87% | 1.92% | 1.96% | 2.05% |
| ██▆▄▃▂▂▁ | Efficiency Ratio (%) | 57.4% | 57.4% | 55.7% | 53.5% | 52.8% | 52.0% | 52.3% | 51.1% |
| ▇█▄▄▃▅▁▁ | Cost of Funds (%) | 1.21% | 1.25% | 1.14% | 1.13% | 1.12% | 1.15% | 1.05% | 1.06% |
| ▇▇▇▇██▁▁ | NPA / Assets (%) | 0.08% | 0.08% | 0.08% | 0.08% | 0.10% | 0.10% | 0.00% | 0.00% |
| ▇▇▇▇██▁▁ | Net Charge-Off Ratio (%) | 0.12% | 0.12% | 0.12% | 0.11% | 0.15% | 0.14% | 0.00% | 0.00% |
| ▅▁▄▄█▅█▇ | Tang. Book Value ($M) | $49 | $45 | $49 | $48 | $53 | $50 | $52 | $51 |
| ▁▁▁▂▃▅██ | Gross Loans ($M) | $344 | $348 | $348 | $355 | $358 | $372 | $392 | $395 |
| ▁▂▁▁▇▇██ | Total Deposits ($M) | $474 | $482 | $475 | $474 | $504 | $505 | $512 | $508 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 20% |
| Agricultural | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 1% |