Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.82% | +0.14 | 1.67% |
| Return on Equity (%) | ▲ | 14.03% | +0.26 | 13.77% |
| Net Interest Margin (%) | ▲ | 4.71% | +0.21 | 4.50% |
| Efficiency Ratio (%) | ▲ | 45.27% | -1.27 | 46.54% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.33 | $3 |
| Cost of Funds (%) | ▲ | 2.16% | -0.31 | 2.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $595 | +28.30 | $567 |
| Gross Loans ($M) | ▲ | $422 | +16.52 | $405 |
| Loan Growth YoY (%) | ▲ | 82.22% | +0.12 | 82.10% |
| Total Deposits ($M) | ▲ | $507 | +19.05 | $488 |
| Shareholders Equity ($M) | ▲ | $78 | +9.50 | $68 |
| Tang. Book Value ($M) | ▲ | $78 | +9.50 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +8.96 | $71 |
| Loan / Deposit Ratio (%) | ▲ | 82.22% | +0.12 | 82.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.56% | +0.03 | 0.53% |
| Allowance / Loans (%) | — | 1.19% | 0.02% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 0.72% | -0.03 | 0.74% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.09M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▄▁▂▅▅██ | Net Interest Margin (%) | 4.60% | 4.59% | 4.44% | 4.50% | 4.61% | 4.61% | 4.74% | 4.71% |
| ▁▁▂▄▆▆██ | Return on Assets (%) | 1.58% | 1.60% | 1.62% | 1.67% | 1.74% | 1.74% | 1.81% | 1.82% |
| ██▆▃▁▁▁▁ | Efficiency Ratio (%) | 49.0% | 48.8% | 48.0% | 46.5% | 45.2% | 45.5% | 45.3% | 45.3% |
| ███▆▆▄▁▁ | Cost of Funds (%) | 2.58% | 2.61% | 2.56% | 2.47% | 2.48% | 2.36% | 2.21% | 2.16% |
| ▆▅█▄▁▂▅▅ | NPA / Assets (%) | 0.57% | 0.55% | 0.63% | 0.53% | 0.46% | 0.48% | 0.56% | 0.56% |
| ▇▅█▄▁▁▃▃ | Net Charge-Off Ratio (%) | 0.83% | 0.78% | 0.89% | 0.74% | 0.63% | 0.66% | 0.71% | 0.72% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $65 | $65 | $67 | $68 | $72 | $74 | $76 | $78 |
| ▁▃▃▆▇███ | Gross Loans ($M) | $364 | $380 | $386 | $405 | $414 | $426 | $422 | $422 |
| ▁▃▃▆▆▇▇█ | Total Deposits ($M) | $448 | $463 | $468 | $488 | $486 | $495 | $496 | $507 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 12% |
| Agricultural | 5% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 20% |