Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.20% | +1.94 | 0.27% |
| Return on Equity (%) | ▲ | 22.59% | +19.73 | 2.86% |
| Net Interest Margin (%) | ▲ | 3.79% | +0.39 | 3.40% |
| Efficiency Ratio (%) | ▲ | 54.11% | -32.65 | 86.75% |
| Pre-Provision Profit ($M) | ▲ | $5 | +4.71 | $0 |
| Cost of Funds (%) | ▲ | 1.64% | -0.32 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $516 | +34.41 | $482 |
| Gross Loans ($M) | ▲ | $408 | +22.50 | $386 |
| Loan Growth YoY (%) | ▼ | 87.59% | -0.36 | 87.95% |
| Total Deposits ($M) | ▲ | $460 | +27.00 | $433 |
| Shareholders Equity ($M) | ▲ | $54 | +8.04 | $46 |
| Tang. Book Value ($M) | ▲ | $53 | +7.99 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +7.77 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 87.59% | -0.36 | 87.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.25% | +0.14 | 0.11% |
| Allowance / Loans (%) | — | 1.31% | 0.03% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 0.21% | +0.09 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.76% | +1.06 | 12.69% |
Noninterest income ($4.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▅▆▇█ | Net Interest Margin (%) | 2.99% | 3.03% | 3.26% | 3.40% | 3.45% | 3.54% | 3.68% | 3.79% |
| ▁▁▁▁▁▂▃█ | Return on Assets (%) | 0.41% | 0.28% | 0.46% | 0.27% | 0.42% | 0.52% | 0.77% | 2.20% |
| ██▇██▇▅▁ | Efficiency Ratio (%) | 83.3% | 85.6% | 81.2% | 86.8% | 83.0% | 79.1% | 71.6% | 54.1% |
| ██▆▅▆▂▁▁ | Cost of Funds (%) | 2.24% | 2.17% | 2.05% | 1.96% | 2.02% | 1.79% | 1.68% | 1.64% |
| ▇▆▄▂▄▁█▆ | NPA / Assets (%) | 0.27% | 0.24% | 0.18% | 0.11% | 0.19% | 0.03% | 0.34% | 0.25% |
| ██▅▂▅▁█▅ | Net Charge-Off Ratio (%) | 0.35% | 0.32% | 0.21% | 0.11% | 0.24% | 0.04% | 0.35% | 0.21% |
| ▁▁▁▂▃▄▄█ | Tang. Book Value ($M) | $44 | $44 | $45 | $45 | $46 | $47 | $48 | $53 |
| ▁▁▂▄▃▇██ | Gross Loans ($M) | $368 | $368 | $377 | $386 | $380 | $398 | $404 | $408 |
| ▁▄▂▂▁██▇ | Total Deposits ($M) | $428 | $446 | $433 | $433 | $432 | $464 | $466 | $460 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 5% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 3% |