Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.47 | 0.38% |
| Return on Equity (%) | ▲ | 9.45% | +4.96 | 4.49% |
| Net Interest Margin (%) | ▲ | 3.17% | +0.43 | 2.74% |
| Efficiency Ratio (%) | ▲ | 67.13% | -11.74 | 78.86% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.85 | $1 |
| Cost of Funds (%) | ▲ | 1.64% | -0.20 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $596 | +15.71 | $580 |
| Gross Loans ($M) | ▲ | $405 | +13.16 | $391 |
| Loan Growth YoY (%) | ▲ | 80.52% | +1.77 | 78.75% |
| Total Deposits ($M) | ▲ | $499 | +5.48 | $493 |
| Shareholders Equity ($M) | ▲ | $54 | +4.30 | $50 |
| Tang. Book Value ($M) | ▲ | $49 | +4.52 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $57 | +4.71 | $52 |
| Loan / Deposit Ratio (%) | ▲ | 80.52% | +1.77 | 78.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.03 | 0.05% |
| Allowance / Loans (%) | — | 0.72% | -0.02% | 0.75% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.00 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.68% | +0.22 | 11.45% |
Noninterest income ($0.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▄██ | Net Interest Margin (%) | 2.49% | 2.53% | 2.69% | 2.74% | 2.78% | 2.83% | 3.11% | 3.17% |
| ▁▁▃▂▃▃██ | Return on Assets (%) | 0.29% | 0.30% | 0.44% | 0.38% | 0.48% | 0.50% | 0.80% | 0.85% |
| ██▇▇▅▅▁▁ | Efficiency Ratio (%) | 81.2% | 81.3% | 78.1% | 78.9% | 75.1% | 75.1% | 67.4% | 67.1% |
| █▇▄▆▆▅▁▁ | Cost of Funds (%) | 1.97% | 1.90% | 1.77% | 1.84% | 1.84% | 1.81% | 1.61% | 1.64% |
| █▆▅▄▂▁▁▁ | NPA / Assets (%) | 0.09% | 0.07% | 0.06% | 0.05% | 0.03% | 0.02% | 0.02% | 0.01% |
| █▇▁▂▁▂▂▂ | Net Charge-Off Ratio (%) | 0.11% | 0.10% | 0.00% | 0.02% | 0.00% | 0.02% | 0.02% | 0.02% |
| ▃▁▃▄▇▇██ | Tang. Book Value ($M) | $44 | $41 | $44 | $45 | $47 | $48 | $49 | $49 |
| ▁▄▁▃▇█▅▇ | Gross Loans ($M) | $385 | $394 | $385 | $391 | $403 | $409 | $399 | $405 |
| ▁▁▇▄▇██▆ | Total Deposits ($M) | $478 | $482 | $502 | $493 | $503 | $510 | $506 | $499 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 6% |
| Agricultural | 18% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 5% |
| Interest-Bearing (core) | 90% |
| Brokered / Other | 5% |