Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.26% | +0.27 | 0.99% |
| Return on Equity (%) | ▲ | 13.53% | +2.38 | 11.15% |
| Net Interest Margin (%) | ▲ | 4.20% | +0.33 | 3.87% |
| Efficiency Ratio (%) | ▲ | 62.01% | -4.72 | 66.73% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.60 | $2 |
| Cost of Funds (%) | ▲ | 1.78% | -0.05 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $610 | +17.34 | $592 |
| Gross Loans ($M) | ▲ | $518 | +27.64 | $491 |
| Loan Growth YoY (%) | ▲ | 97.98% | +3.23 | 94.75% |
| Total Deposits ($M) | ▲ | $523 | +10.74 | $512 |
| Shareholders Equity ($M) | ▲ | $59 | +6.43 | $53 |
| Tang. Book Value ($M) | ▲ | $59 | +6.43 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +6.12 | $55 |
| Loan / Deposit Ratio (%) | ▲ | 97.98% | +3.23 | 94.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.07 | 0.08% |
| Allowance / Loans (%) | — | 1.19% | 0.05% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.03 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.96M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▅▆▇█ | Net Interest Margin (%) | 3.43% | 3.53% | 3.82% | 3.87% | 3.90% | 3.96% | 4.05% | 4.20% |
| ▁▂▂▄▅▅██ | Return on Assets (%) | 0.75% | 0.82% | 0.87% | 0.99% | 1.04% | 1.07% | 1.22% | 1.26% |
| █▇▄▃▃▂▁▁ | Efficiency Ratio (%) | 75.5% | 72.9% | 68.4% | 66.7% | 65.5% | 64.7% | 62.5% | 62.0% |
| ▇▃▁▆██▄▄ | Cost of Funds (%) | 1.84% | 1.78% | 1.71% | 1.83% | 1.88% | 1.88% | 1.79% | 1.78% |
| ▁▃▁▄▅▇██ | NPA / Assets (%) | 0.00% | 0.05% | 0.00% | 0.08% | 0.10% | 0.14% | 0.17% | 0.15% |
| ▁▅▁▆█▅█▄ | Net Charge-Off Ratio (%) | 0.00% | 0.07% | 0.00% | 0.10% | 0.13% | 0.07% | 0.12% | 0.06% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $50 | $50 | $51 | $52 | $54 | $56 | $57 | $59 |
| ▁▂▅▆▆▆▇█ | Gross Loans ($M) | $439 | $458 | $482 | $491 | $491 | $498 | $507 | $518 |
| ▁▁▃▆▇██▇ | Total Deposits ($M) | $457 | $460 | $486 | $512 | $523 | $531 | $540 | $523 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 2% |
| Agricultural | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 10% |