Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.39% | -0.08 | 0.47% |
| Return on Equity (%) | ▼ | 5.29% | -1.95 | 7.24% |
| Net Interest Margin (%) | ▲ | 3.13% | +0.27 | 2.87% |
| Efficiency Ratio (%) | ▼ | 88.75% | +1.59 | 87.17% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.04 | $1 |
| Cost of Funds (%) | ▲ | 1.53% | -0.21 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $668 | -6.42 | $674 |
| Gross Loans ($M) | ▲ | $447 | +5.29 | $442 |
| Loan Growth YoY (%) | ▲ | 76.35% | +2.45 | 73.89% |
| Total Deposits ($M) | ▼ | $579 | -12.09 | $591 |
| Shareholders Equity ($M) | ▲ | $50 | +5.56 | $44 |
| Tang. Book Value ($M) | ▲ | $50 | +5.56 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $57 | +4.96 | $52 |
| Loan / Deposit Ratio (%) | ▲ | 76.35% | +2.45 | 73.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.73% | +0.26 | 0.48% |
| Allowance / Loans (%) | — | 1.21% | -0.01% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 1.09% | +0.37 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.27% | +0.23 | 15.03% |
Noninterest income ($1.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▇▆▆███ | Net Interest Margin (%) | 2.40% | 2.45% | 2.96% | 2.87% | 2.90% | 3.06% | 3.07% | 3.13% |
| ▂▁██▃▄▆▆ | Return on Assets (%) | 0.24% | 0.21% | 0.46% | 0.47% | 0.28% | 0.34% | 0.38% | 0.39% |
| █▇▁▃▃▁▃▄ | Efficiency Ratio (%) | 92.8% | 91.2% | 85.4% | 87.2% | 87.7% | 85.2% | 88.0% | 88.8% |
| ██▅▅▅▃▁▁ | Cost of Funds (%) | 1.97% | 1.97% | 1.77% | 1.75% | 1.75% | 1.63% | 1.50% | 1.53% |
| ▃▃▂▁█▃▃▃ | NPA / Assets (%) | 0.74% | 0.78% | 0.62% | 0.48% | 1.28% | 0.73% | 0.73% | 0.73% |
| ▃▃▂▁█▃▃▃ | Net Charge-Off Ratio (%) | 1.10% | 1.15% | 0.92% | 0.73% | 1.93% | 1.12% | 1.12% | 1.09% |
| ▅▁▃▃▆█▇█ | Tang. Book Value ($M) | $47 | $42 | $45 | $44 | $47 | $49 | $48 | $50 |
| █▆▅▃▂▂▁▅ | Gross Loans ($M) | $465 | $455 | $448 | $442 | $437 | $434 | $429 | $447 |
| ▁▆▄█▂▃▂▅ | Total Deposits ($M) | $566 | $584 | $577 | $591 | $570 | $574 | $570 | $579 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 14% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 6% |