Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.77% | +0.29 | 1.49% |
| Return on Equity (%) | ▲ | 13.48% | +1.22 | 12.26% |
| Net Interest Margin (%) | ▲ | 4.37% | +0.20 | 4.18% |
| Efficiency Ratio (%) | ▲ | 54.34% | -5.13 | 59.47% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.85 | $3 |
| Cost of Funds (%) | ▲ | 1.39% | -0.03 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $582 | +32.08 | $550 |
| Gross Loans ($M) | ▲ | $366 | +14.72 | $351 |
| Loan Growth YoY (%) | ▼ | 72.10% | -0.22 | 72.33% |
| Total Deposits ($M) | ▲ | $500 | +22.09 | $478 |
| Shareholders Equity ($M) | ▲ | $78 | +9.46 | $68 |
| Tang. Book Value ($M) | ▲ | $77 | +9.50 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $84 | +9.30 | $75 |
| Loan / Deposit Ratio (%) | ▼ | 72.10% | -0.22 | 72.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.68% | -0.08 | 0.75% |
| Allowance / Loans (%) | — | 1.29% | -0.10% | 1.39% |
| Net Charge-Off Ratio (%) | ▲ | 0.99% | -0.14 | 1.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▇▇▆█ | Net Interest Margin (%) | 4.04% | 4.05% | 4.11% | 4.18% | 4.31% | 4.33% | 4.27% | 4.37% |
| ▁▁▃▃▅▄▅█ | Return on Assets (%) | 1.38% | 1.33% | 1.46% | 1.49% | 1.59% | 1.55% | 1.60% | 1.77% |
| ██▇▅▄▅▃▁ | Efficiency Ratio (%) | 62.3% | 63.0% | 61.5% | 59.5% | 58.1% | 59.2% | 57.2% | 54.3% |
| ▆█▅▃▁▂▁▂ | Cost of Funds (%) | 1.52% | 1.58% | 1.47% | 1.42% | 1.38% | 1.39% | 1.36% | 1.39% |
| ▂▄▂▅▁▁█▃ | NPA / Assets (%) | 0.60% | 0.70% | 0.64% | 0.75% | 0.55% | 0.55% | 0.94% | 0.68% |
| ▂▅▄▅▁▁█▃ | Net Charge-Off Ratio (%) | 0.91% | 1.08% | 1.00% | 1.13% | 0.80% | 0.74% | 1.41% | 0.99% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $63 | $63 | $66 | $68 | $71 | $74 | $75 | $77 |
| ▁▁▂▅▆███ | Gross Loans ($M) | $330 | $331 | $337 | $351 | $356 | $364 | $368 | $366 |
| ▁▃▆▅▆▆██ | Total Deposits ($M) | $448 | $463 | $485 | $478 | $484 | $489 | $504 | $500 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 11% |
| Agricultural | 5% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 11% |