Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.12% | -0.37 | 1.49% |
| Return on Equity (%) | ▼ | 12.74% | -4.91 | 17.65% |
| Net Interest Margin (%) | ▼ | 4.18% | -0.63 | 4.80% |
| Efficiency Ratio (%) | ▼ | 65.67% | +3.03 | 62.64% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.01 | $1 |
| Cost of Funds (%) | ▲ | 1.56% | -0.08 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $212 | +31.01 | $181 |
| Gross Loans ($M) | ▲ | $120 | +3.69 | $116 |
| Loan Growth YoY (%) | ▼ | 61.85% | -8.48 | 70.33% |
| Total Deposits ($M) | ▲ | $192 | +28.40 | $163 |
| Shareholders Equity ($M) | ▲ | $18 | +2.59 | $16 |
| Tang. Book Value ($M) | ▲ | $18 | +2.59 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +3.38 | $18 |
| Loan / Deposit Ratio (%) | ▼ | 61.85% | -8.48 | 70.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.92% | +0.83 | 0.09% |
| Allowance / Loans (%) | — | 0.76% | -0.05% | 0.81% |
| Net Charge-Off Ratio (%) | ▼ | 1.64% | +1.50 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -16.99 | 16.99% |
Noninterest income ($0.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▆██▇▆▁▁ | Net Interest Margin (%) | 4.59% | 4.63% | 4.80% | 4.80% | 4.71% | 4.63% | 4.15% | 4.18% |
| ▅▆██▇▆▁▁ | Return on Assets (%) | 1.35% | 1.36% | 1.52% | 1.49% | 1.42% | 1.39% | 1.09% | 1.12% |
| ▅▅▁▂▄▄█▇ | Efficiency Ratio (%) | 64.8% | 64.6% | 61.9% | 62.6% | 63.7% | 63.8% | 66.7% | 65.7% |
| ▂▂▁▄▆█▆▁ | Cost of Funds (%) | 1.60% | 1.59% | 1.55% | 1.64% | 1.69% | 1.75% | 1.69% | 1.56% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.11% | 0.11% | 0.17% | 0.09% | 0.08% | 0.09% | 1.03% | 0.92% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.18% | 0.16% | 0.27% | 0.14% | 0.14% | 0.15% | 1.77% | 1.64% |
| ▁▁▂▄▆█▇█ | Tang. Book Value ($M) | $15 | $14 | $15 | $16 | $17 | $18 | $18 | $18 |
| ▁▅▄▆█▆▆█ | Gross Loans ($M) | $107 | $115 | $113 | $116 | $119 | $116 | $116 | $120 |
| ▂▁▂▃▅▆▆█ | Total Deposits ($M) | $159 | $154 | $162 | $163 | $173 | $178 | $181 | $192 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 15% |
| Agricultural | 2% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 19% |