Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.69% | +0.03 | 0.67% |
| Return on Equity (%) | ▼ | 10.15% | -2.17 | 12.32% |
| Net Interest Margin (%) | ▲ | 3.07% | +0.34 | 2.73% |
| Efficiency Ratio (%) | ▲ | 66.47% | -4.04 | 70.51% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.33 | $1 |
| Cost of Funds (%) | ▲ | 2.11% | -0.16 | 2.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $364 | -2.36 | $366 |
| Gross Loans ($M) | ▲ | $249 | +9.53 | $240 |
| Loan Growth YoY (%) | ▲ | 73.15% | +2.54 | 70.61% |
| Total Deposits ($M) | ▲ | $336 | +0.03 | $336 |
| Shareholders Equity ($M) | ▲ | $26 | +4.76 | $21 |
| Tang. Book Value ($M) | ▲ | $26 | +4.76 | $21 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +4.31 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 73.15% | +2.54 | 70.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.78% | +1.32 | 2.47% |
| Allowance / Loans (%) | — | 1.46% | 0.35% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 5.40% | +1.66 | 3.74% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.53M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▄▅▆██ | Net Interest Margin (%) | 2.49% | 2.56% | 2.77% | 2.73% | 2.83% | 2.87% | 3.02% | 3.07% |
| ▁▃▇▇██▆█ | Return on Assets (%) | 0.44% | 0.51% | 0.67% | 0.67% | 0.72% | 0.71% | 0.62% | 0.69% |
| █▆▂▃▂▂▁▁ | Efficiency Ratio (%) | 82.5% | 78.5% | 69.6% | 70.5% | 70.2% | 70.2% | 68.4% | 66.5% |
| ██▆▇▄▂▁▁ | Cost of Funds (%) | 2.29% | 2.31% | 2.23% | 2.27% | 2.19% | 2.12% | 2.09% | 2.11% |
| ▁▁▄▅▅▆▇█ | NPA / Assets (%) | 0.29% | 0.38% | 1.74% | 2.47% | 2.38% | 2.61% | 2.98% | 3.78% |
| ▁▁▄▆▆▆▇█ | Net Charge-Off Ratio (%) | 0.44% | 0.57% | 2.68% | 3.74% | 3.57% | 3.89% | 4.29% | 5.40% |
| ▄▁▂▄▇▇██ | Tang. Book Value ($M) | $22 | $18 | $20 | $21 | $24 | $25 | $25 | $26 |
| ▁▂▅▆▅███ | Gross Loans ($M) | $219 | $225 | $237 | $240 | $239 | $250 | $252 | $249 |
| ▂▄▇▂▁▄█▂ | Total Deposits ($M) | $335 | $339 | $343 | $336 | $333 | $339 | $345 | $336 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 25% |
| Agricultural | 3% |
| Consumer | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 25% |