Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.41% | +0.41 | 1.01% |
| Return on Equity (%) | ▲ | 10.24% | +2.68 | 7.56% |
| Net Interest Margin (%) | ▼ | 3.84% | -0.12 | 3.96% |
| Efficiency Ratio (%) | ▲ | 52.62% | -8.08 | 60.70% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.32 | $0 |
| Cost of Funds (%) | ▲ | 1.60% | -0.13 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $169 | +7.29 | $161 |
| Gross Loans ($M) | ▲ | $106 | +10.65 | $95 |
| Loan Growth YoY (%) | ▲ | 73.54% | +4.78 | 68.76% |
| Total Deposits ($M) | ▲ | $143 | +5.49 | $137 |
| Shareholders Equity ($M) | ▲ | $23 | +1.77 | $22 |
| Tang. Book Value ($M) | ▲ | $14 | +2.24 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $16 | +2.17 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 73.54% | +4.78 | 68.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.33% | +0.21 | 0.12% |
| Allowance / Loans (%) | — | 0.77% | -0.02% | 0.79% |
| Net Charge-Off Ratio (%) | ▼ | 0.51% | +0.30 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -13.64 | 13.64% |
Noninterest income ($0.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁█▇▆▅▆▃▄ | Net Interest Margin (%) | 3.67% | 4.09% | 4.03% | 3.96% | 3.92% | 3.95% | 3.78% | 3.84% |
| ▁▄▃▃▃▅▄█ | Return on Assets (%) | 0.85% | 1.08% | 1.04% | 1.01% | 1.06% | 1.15% | 1.13% | 1.41% |
| █▆▆▄▄▄▄▁ | Efficiency Ratio (%) | 68.8% | 64.5% | 63.5% | 60.7% | 59.8% | 58.9% | 58.9% | 52.6% |
| █▁▆▆▇█▄▄ | Cost of Funds (%) | 1.86% | 1.38% | 1.70% | 1.73% | 1.79% | 1.85% | 1.59% | 1.60% |
| ▄▁▃▂▁▇▁█ | NPA / Assets (%) | 0.19% | 0.08% | 0.15% | 0.12% | 0.09% | 0.30% | 0.10% | 0.33% |
| ▅▁▃▂▁█▁█ | Net Charge-Off Ratio (%) | 0.33% | 0.15% | 0.26% | 0.21% | 0.15% | 0.49% | 0.17% | 0.51% |
| ▁▄▅▄▇▇██ | Tang. Book Value ($M) | $10 | $12 | $12 | $12 | $13 | $14 | $14 | $14 |
| ▁▅▅▆▆▇▇█ | Gross Loans ($M) | $75 | $90 | $93 | $95 | $98 | $100 | $102 | $106 |
| ▁▇▇▇▆███ | Total Deposits ($M) | $110 | $138 | $137 | $137 | $134 | $139 | $143 | $143 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 7% |
| Agricultural | 20% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 13% |