Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.17% | +0.70 | 0.47% |
| Return on Equity (%) | ▲ | 18.79% | +8.49 | 10.30% |
| Net Interest Margin (%) | ▲ | 2.93% | +0.46 | 2.47% |
| Efficiency Ratio (%) | ▲ | 60.60% | -8.32 | 68.92% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.11 | $1 |
| Cost of Funds (%) | ▲ | 2.08% | -0.36 | 2.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $594 | +30.82 | $564 |
| Gross Loans ($M) | ▲ | $328 | +23.38 | $305 |
| Loan Growth YoY (%) | ▲ | 60.29% | +1.86 | 58.43% |
| Total Deposits ($M) | ▲ | $538 | +22.30 | $515 |
| Shareholders Equity ($M) | ▲ | $40 | +12.79 | $27 |
| Tang. Book Value ($M) | ▲ | $36 | +13.54 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +13.60 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 60.29% | +1.86 | 58.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.84% | -0.10 | 0.94% |
| Allowance / Loans (%) | — | 1.18% | 0.03% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 1.46% | -0.27 | 1.74% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▃▄▅██ | Net Interest Margin (%) | 2.21% | 2.26% | 2.54% | 2.47% | 2.51% | 2.58% | 2.86% | 2.93% |
| ▁▁▂▁▃▄▇█ | Return on Assets (%) | 0.38% | 0.42% | 0.57% | 0.47% | 0.58% | 0.70% | 1.02% | 1.17% |
| ██▃▄▄▃▂▁ | Efficiency Ratio (%) | 77.7% | 76.4% | 66.9% | 68.9% | 68.9% | 66.3% | 64.9% | 60.6% |
| █▇▅▆▆▄▁▁ | Cost of Funds (%) | 2.62% | 2.55% | 2.39% | 2.44% | 2.43% | 2.33% | 2.14% | 2.08% |
| ▁▁▁█████ | NPA / Assets (%) | 0.02% | 0.05% | 0.01% | 0.94% | 0.90% | 0.87% | 0.87% | 0.84% |
| ▁▁▁██▇▇▇ | Net Charge-Off Ratio (%) | 0.04% | 0.09% | 0.02% | 1.74% | 1.68% | 1.51% | 1.52% | 1.46% |
| ▂▁▁▂▄▆▆█ | Tang. Book Value ($M) | $22 | $19 | $20 | $22 | $27 | $31 | $31 | $36 |
| ▁▃▄▅▅███ | Gross Loans ($M) | $271 | $290 | $296 | $305 | $305 | $330 | $323 | $328 |
| ▁▂▄▄▅█▆█ | Total Deposits ($M) | $490 | $502 | $515 | $515 | $518 | $544 | $530 | $538 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 11% |
| Agricultural | 24% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 18% |