Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.79% | +0.28 | 0.50% |
| Return on Equity (%) | ▲ | 10.16% | +2.55 | 7.61% |
| Net Interest Margin (%) | ▲ | 2.78% | +0.41 | 2.37% |
| Efficiency Ratio (%) | ▲ | 75.67% | -4.82 | 80.49% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.24 | $1 |
| Cost of Funds (%) | ▲ | 1.42% | -0.07 | 1.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $646 | +32.45 | $613 |
| Gross Loans ($M) | ▲ | $303 | +46.34 | $257 |
| Loan Growth YoY (%) | ▲ | 52.60% | +6.07 | 46.52% |
| Total Deposits ($M) | ▲ | $571 | +24.05 | $547 |
| Shareholders Equity ($M) | ▲ | $50 | +7.47 | $42 |
| Tang. Book Value ($M) | ▲ | $48 | +7.58 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $62 | +6.95 | $55 |
| Loan / Deposit Ratio (%) | ▲ | 52.60% | +6.07 | 46.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.31 | 0.00% |
| Allowance / Loans (%) | — | 0.95% | 0.02% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 0.65% | +0.65 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.29% | -1.88 | 20.17% |
Noninterest income ($1.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅██ | Net Interest Margin (%) | 1.99% | 2.02% | 2.23% | 2.37% | 2.43% | 2.47% | 2.73% | 2.78% |
| ▁▁▂▄▅▅██ | Return on Assets (%) | 0.28% | 0.33% | 0.36% | 0.50% | 0.56% | 0.58% | 0.78% | 0.79% |
| ██▇▃▃▃▂▁ | Efficiency Ratio (%) | 89.1% | 87.5% | 86.5% | 80.5% | 79.5% | 79.4% | 77.5% | 75.7% |
| █▆▃▂▃▂▁▁ | Cost of Funds (%) | 1.82% | 1.70% | 1.56% | 1.49% | 1.56% | 1.50% | 1.42% | 1.42% |
| ▁▁▁▁▆█▇█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.22% | 0.28% | 0.27% | 0.31% |
| ▁▁▁▁▇███ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.52% | 0.60% | 0.61% | 0.65% |
| ▃▁▃▄▇███ | Tang. Book Value ($M) | $40 | $36 | $40 | $41 | $46 | $48 | $47 | $48 |
| ▁▁▂▄▄▇▆█ | Gross Loans ($M) | $228 | $235 | $238 | $257 | $264 | $287 | $282 | $303 |
| ▁▃▆▅▃▆██ | Total Deposits ($M) | $521 | $539 | $554 | $547 | $536 | $554 | $571 | $571 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 16% |
| Agricultural | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 12% |