Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.93% | +1.13 | -0.20% |
| Return on Equity (%) | ▲ | 8.92% | +10.92 | -2.00% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.19 | 3.49% |
| Efficiency Ratio (%) | ▲ | 87.88% | -11.38 | 99.26% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.69 | $0 |
| Cost of Funds (%) | ▲ | 2.07% | -0.33 | 2.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $546 | +41.51 | $505 |
| Gross Loans ($M) | ▲ | $478 | +68.51 | $410 |
| Loan Growth YoY (%) | ▲ | 104.63% | +12.71 | 91.92% |
| Total Deposits ($M) | ▲ | $450 | +10.34 | $439 |
| Shareholders Equity ($M) | ▲ | $55 | +6.62 | $49 |
| Tang. Book Value ($M) | ▲ | $45 | +2.03 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $47 | +0.69 | $47 |
| Loan / Deposit Ratio (%) | ▲ | 104.63% | +12.71 | 91.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.77% | +0.26 | 1.51% |
| Allowance / Loans (%) | — | 1.66% | 0.18% | 1.48% |
| Net Charge-Off Ratio (%) | ▼ | 2.02% | +0.17 | 1.86% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($11.00M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▅▆▆█ | Net Interest Margin (%) | 3.26% | 3.32% | 3.41% | 3.49% | 3.52% | 3.57% | 3.55% | 3.68% |
| █▅▁▁▃▄▇▅ | Return on Assets (%) | 1.90% | 0.89% | 0.02% | -0.20% | 0.36% | 0.80% | 1.48% | 0.93% |
| ▁▂██▆▅▃▃ | Efficiency Ratio (%) | 81.2% | 84.5% | 98.9% | 99.3% | 94.1% | 91.6% | 86.9% | 87.9% |
| █▆▃▄▄▂▂▁ | Cost of Funds (%) | 2.94% | 2.64% | 2.33% | 2.40% | 2.48% | 2.28% | 2.18% | 2.07% |
| ▁▁▁▆▆███ | NPA / Assets (%) | 0.72% | 0.74% | 0.75% | 1.51% | 1.53% | 1.78% | 1.83% | 1.77% |
| ▁▁▁▇▆███ | Net Charge-Off Ratio (%) | 1.01% | 0.95% | 0.96% | 1.86% | 1.79% | 2.15% | 2.12% | 2.02% |
| █▄▂▁▅▇█▅ | Tang. Book Value ($M) | $47 | $45 | $44 | $43 | $45 | $46 | $47 | $45 |
| ▁▂▂▄▅▅▇█ | Gross Loans ($M) | $353 | $377 | $378 | $410 | $430 | $428 | $453 | $478 |
| ▁▃▄▇▆█▇█ | Total Deposits ($M) | $376 | $402 | $405 | $439 | $425 | $445 | $436 | $450 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Other | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 20% |