Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.07% | +0.98 | 1.09% |
| Return on Equity (%) | ▲ | 24.66% | +10.61 | 14.05% |
| Net Interest Margin (%) | ▲ | 3.47% | +0.49 | 2.98% |
| Efficiency Ratio (%) | ▲ | 51.71% | -15.69 | 67.40% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.38 | $1 |
| Cost of Funds (%) | ▲ | 1.81% | -0.24 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $384 | +13.67 | $371 |
| Gross Loans ($M) | ▲ | $255 | +15.40 | $239 |
| Loan Growth YoY (%) | ▲ | 74.55% | +3.36 | 71.18% |
| Total Deposits ($M) | ▲ | $338 | +5.29 | $333 |
| Shareholders Equity ($M) | ▲ | $32 | +2.63 | $29 |
| Tang. Book Value ($M) | ▲ | $31 | +2.47 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +2.10 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 74.55% | +3.36 | 71.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.84% | +0.15 | 0.70% |
| Allowance / Loans (%) | — | 1.01% | 0.04% | 0.97% |
| Net Charge-Off Ratio (%) | ▼ | 1.28% | +0.22 | 1.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 2.37% | 2.45% | 2.85% | 2.98% | 3.03% | 3.11% | 3.41% | 3.47% |
| ▁▁▂▃▃▃█▇ | Return on Assets (%) | 0.45% | 0.49% | 0.85% | 1.09% | 1.13% | 1.17% | 2.49% | 2.07% |
| ██▆▅▅▅▁▁ | Efficiency Ratio (%) | 83.2% | 80.3% | 73.3% | 67.4% | 66.8% | 66.4% | 48.8% | 51.7% |
| ██▅▃▄▅▁▁ | Cost of Funds (%) | 2.53% | 2.47% | 2.19% | 2.05% | 2.17% | 2.19% | 1.85% | 1.81% |
| ▁▁▂▆▃▃▇█ | NPA / Assets (%) | 0.36% | 0.42% | 0.46% | 0.70% | 0.54% | 0.51% | 0.76% | 0.84% |
| ▁▂▃▆▃▃▇█ | Net Charge-Off Ratio (%) | 0.55% | 0.66% | 0.74% | 1.05% | 0.79% | 0.74% | 1.11% | 1.28% |
| ▄▁▄▅▄▅██ | Tang. Book Value ($M) | $29 | $26 | $28 | $29 | $29 | $29 | $31 | $31 |
| ▂▂▁▄▅▆██ | Gross Loans ($M) | $233 | $233 | $229 | $239 | $242 | $247 | $252 | $255 |
| ▇▆▅▆▇▁▅█ | Total Deposits ($M) | $335 | $333 | $332 | $333 | $336 | $324 | $333 | $338 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 10% |
| Agricultural | 2% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 11% |