Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.12 | 0.93% |
| Return on Equity (%) | ▲ | 8.05% | +0.01 | 8.04% |
| Net Interest Margin (%) | ▲ | 4.22% | +0.44 | 3.78% |
| Efficiency Ratio (%) | ▲ | 68.13% | -2.63 | 70.77% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.20 | $2 |
| Cost of Funds (%) | ▲ | 1.42% | -0.20 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $600 | -5.96 | $606 |
| Gross Loans ($M) | ▲ | $382 | +30.78 | $351 |
| Loan Growth YoY (%) | ▲ | 72.57% | +6.56 | 66.02% |
| Total Deposits ($M) | ▼ | $519 | -5.58 | $524 |
| Shareholders Equity ($M) | ▲ | $79 | +7.72 | $72 |
| Tang. Book Value ($M) | ▲ | $78 | +7.72 | $70 |
| TBV excl. AOCI ($M)** | ▲ | $87 | +7.04 | $80 |
| Loan / Deposit Ratio (%) | ▲ | 72.57% | +6.56 | 66.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.26 | 0.33% |
| Allowance / Loans (%) | — | 1.50% | -0.00% | 1.50% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.22 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.10M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▅▆██ | Net Interest Margin (%) | 3.28% | 3.37% | 3.62% | 3.78% | 3.86% | 3.91% | 4.14% | 4.22% |
| ▁▁▄▆▇███ | Return on Assets (%) | 0.52% | 0.54% | 0.82% | 0.93% | 1.03% | 1.06% | 1.12% | 1.05% |
| ██▄▃▂▁▁▁ | Efficiency Ratio (%) | 78.4% | 78.8% | 72.3% | 70.8% | 69.2% | 67.2% | 67.2% | 68.1% |
| ▇█▆▃▃▄▁▁ | Cost of Funds (%) | 1.92% | 1.99% | 1.82% | 1.62% | 1.61% | 1.65% | 1.47% | 1.42% |
| ▆▅▅█▄▃▁▁ | NPA / Assets (%) | 0.26% | 0.23% | 0.23% | 0.33% | 0.19% | 0.15% | 0.10% | 0.08% |
| ▃▁▃█▇▅▂▁ | Net Charge-Off Ratio (%) | 0.17% | 0.11% | 0.17% | 0.34% | 0.30% | 0.25% | 0.16% | 0.12% |
| ▃▁▂▃▆███ | Tang. Book Value ($M) | $70 | $66 | $69 | $70 | $75 | $77 | $77 | $78 |
| ▁▂▂▃▄▅▆█ | Gross Loans ($M) | $340 | $346 | $349 | $351 | $359 | $365 | $370 | $382 |
| ▁██▆▅▇▅▅ | Total Deposits ($M) | $505 | $530 | $532 | $524 | $522 | $526 | $520 | $519 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 6% |
| Agricultural | 5% |
| Consumer | 11% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 8% |