Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.67% | +0.47 | 1.20% |
| Return on Equity (%) | ▲ | 13.59% | +3.28 | 10.31% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.55 | 3.19% |
| Efficiency Ratio (%) | ▲ | 54.61% | -5.62 | 60.23% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.00 | $2 |
| Cost of Funds (%) | ▲ | 1.59% | -0.06 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $551 | +34.80 | $516 |
| Gross Loans ($M) | ▲ | $434 | +36.32 | $398 |
| Loan Growth YoY (%) | ▲ | 91.52% | +3.73 | 87.79% |
| Total Deposits ($M) | ▲ | $468 | +21.48 | $446 |
| Shareholders Equity ($M) | ▲ | $69 | +8.24 | $61 |
| Tang. Book Value ($M) | ▲ | $68 | +8.10 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $72 | +8.83 | $63 |
| Loan / Deposit Ratio (%) | ▲ | 91.52% | +3.73 | 87.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.23 | 0.31% |
| Allowance / Loans (%) | — | 1.35% | -0.12% | 1.47% |
| Net Charge-Off Ratio (%) | ▲ | 0.11% | -0.30 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.72% | +0.42 | 16.31% |
Noninterest income ($1.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆▇█ | Net Interest Margin (%) | 2.65% | 2.74% | 3.01% | 3.19% | 3.32% | 3.44% | 3.60% | 3.74% |
| ▁▁▅▄▅▅▇█ | Return on Assets (%) | 0.84% | 0.85% | 1.27% | 1.20% | 1.32% | 1.31% | 1.56% | 1.67% |
| ██▂▄▂▃▁▁ | Efficiency Ratio (%) | 68.7% | 69.3% | 57.4% | 60.2% | 58.2% | 59.7% | 55.0% | 54.6% |
| █▆▄▂▂▁▂▁ | Cost of Funds (%) | 2.00% | 1.87% | 1.78% | 1.64% | 1.66% | 1.56% | 1.65% | 1.59% |
| █████▁▁▂ | NPA / Assets (%) | 0.35% | 0.33% | 0.33% | 0.31% | 0.32% | 0.01% | 0.03% | 0.08% |
| █████▁▁▂ | Net Charge-Off Ratio (%) | 0.45% | 0.43% | 0.42% | 0.41% | 0.41% | 0.01% | 0.04% | 0.11% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $56 | $56 | $58 | $59 | $62 | $64 | $65 | $68 |
| ▁▁▁▂▃▆▆█ | Gross Loans ($M) | $391 | $392 | $395 | $398 | $404 | $419 | $422 | $434 |
| ▁▁▂▄▂███ | Total Deposits ($M) | $431 | $435 | $438 | $446 | $439 | $470 | $471 | $468 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 3% |
| Agricultural | 12% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 9% |