Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.99% | +0.28 | 0.71% |
| Return on Equity (%) | ▲ | 10.79% | +2.64 | 8.15% |
| Net Interest Margin (%) | ▲ | 4.08% | +0.40 | 3.68% |
| Efficiency Ratio (%) | ▲ | 68.90% | -7.02 | 75.92% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.35 | $1 |
| Cost of Funds (%) | ▲ | 1.44% | -0.21 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $278 | +12.20 | $266 |
| Gross Loans ($M) | ▲ | $210 | +6.22 | $204 |
| Loan Growth YoY (%) | ▼ | 84.00% | -3.56 | 87.57% |
| Total Deposits ($M) | ▲ | $248 | +17.26 | $231 |
| Shareholders Equity ($M) | ▲ | $26 | +2.52 | $23 |
| Tang. Book Value ($M) | ▲ | $26 | +2.52 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +2.46 | $25 |
| Loan / Deposit Ratio (%) | ▼ | 84.00% | -3.56 | 87.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.34% | -0.08 | 0.42% |
| Allowance / Loans (%) | — | 0.97% | -0.06% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.45% | -0.08 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆▇█ | Net Interest Margin (%) | 3.22% | 3.31% | 3.64% | 3.68% | 3.71% | 3.86% | 3.93% | 4.08% |
| ▁▃▂▃▄▆▆█ | Return on Assets (%) | 0.60% | 0.70% | 0.67% | 0.71% | 0.75% | 0.85% | 0.89% | 0.99% |
| █▇▇▆▅▃▂▁ | Efficiency Ratio (%) | 79.3% | 77.0% | 77.7% | 75.9% | 74.3% | 72.2% | 71.2% | 68.9% |
| █▆▃▅▅▄▃▁ | Cost of Funds (%) | 1.83% | 1.72% | 1.56% | 1.65% | 1.64% | 1.60% | 1.54% | 1.44% |
| ▂█▆▅▃▁▁▁ | NPA / Assets (%) | 0.37% | 0.48% | 0.43% | 0.42% | 0.38% | 0.34% | 0.34% | 0.34% |
| ▃█▆▄▂▁▁▁ | Net Charge-Off Ratio (%) | 0.49% | 0.64% | 0.56% | 0.53% | 0.48% | 0.43% | 0.43% | 0.45% |
| ▃▁▂▃▆▆▆█ | Tang. Book Value ($M) | $23 | $22 | $23 | $23 | $25 | $25 | $25 | $26 |
| ▁▁▂▅▇▇▇█ | Gross Loans ($M) | $196 | $196 | $198 | $204 | $207 | $208 | $207 | $210 |
| ▁▁▄▃▅▇▇█ | Total Deposits ($M) | $222 | $224 | $232 | $231 | $236 | $242 | $242 | $248 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 14% |