Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.89% | +0.43 | 0.46% |
| Return on Equity (%) | ▲ | 12.46% | +5.39 | 7.07% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.41 | 3.61% |
| Efficiency Ratio (%) | ▲ | 73.15% | -10.86 | 84.01% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.46 | $0 |
| Cost of Funds (%) | ▲ | 1.61% | -0.18 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $299 | +21.21 | $278 |
| Gross Loans ($M) | ▲ | $201 | +10.93 | $190 |
| Loan Growth YoY (%) | ▼ | 72.27% | -1.16 | 73.43% |
| Total Deposits ($M) | ▲ | $275 | +18.84 | $256 |
| Shareholders Equity ($M) | ▲ | $22 | +2.80 | $19 |
| Tang. Book Value ($M) | ▲ | $21 | +2.84 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +2.86 | $21 |
| Loan / Deposit Ratio (%) | ▼ | 72.27% | -1.16 | 73.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.06 | 0.12% |
| Allowance / Loans (%) | — | 1.29% | 0.08% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.09 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.16% | +0.12 | 11.04% |
Noninterest income ($0.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 3.02% | 3.12% | 3.52% | 3.61% | 3.65% | 3.74% | 3.91% | 4.01% |
| ▁▁▃▃▄▅██ | Return on Assets (%) | 0.23% | 0.28% | 0.40% | 0.46% | 0.54% | 0.59% | 0.82% | 0.89% |
| ██▆▅▄▄▂▁ | Efficiency Ratio (%) | 91.6% | 90.4% | 86.6% | 84.0% | 82.1% | 80.3% | 75.8% | 73.1% |
| █▇▃▆▅▄▁▁ | Cost of Funds (%) | 1.90% | 1.85% | 1.68% | 1.79% | 1.77% | 1.74% | 1.60% | 1.61% |
| █▄▄▁▁▁▂▂ | NPA / Assets (%) | 0.87% | 0.46% | 0.40% | 0.12% | 0.09% | 0.07% | 0.19% | 0.18% |
| █▄▄▁▁▁▂▂ | Net Charge-Off Ratio (%) | 1.29% | 0.68% | 0.58% | 0.17% | 0.13% | 0.11% | 0.28% | 0.27% |
| ▂▁▂▃▆▆▇█ | Tang. Book Value ($M) | $17 | $17 | $18 | $18 | $19 | $20 | $20 | $21 |
| ▁▂▃▄▅▅▆█ | Gross Loans ($M) | $182 | $185 | $189 | $190 | $192 | $193 | $195 | $201 |
| ▁▂▂▂▄▅▆█ | Total Deposits ($M) | $251 | $255 | $254 | $256 | $263 | $266 | $268 | $275 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 86% |
| Brokered / Other | 7% |