Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.73% | +0.45 | 1.28% |
| Return on Equity (%) | ▲ | 15.34% | +3.05 | 12.29% |
| Net Interest Margin (%) | ▲ | 3.89% | +0.50 | 3.39% |
| Efficiency Ratio (%) | ▲ | 57.33% | -7.63 | 64.97% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.31 | $1 |
| Cost of Funds (%) | ▲ | 2.00% | -0.05 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $220 | +5.96 | $214 |
| Gross Loans ($M) | ▲ | $167 | +17.50 | $149 |
| Loan Growth YoY (%) | ▲ | 85.22% | +7.96 | 77.27% |
| Total Deposits ($M) | ▲ | $194 | +2.88 | $191 |
| Shareholders Equity ($M) | ▲ | $25 | +3.09 | $22 |
| Tang. Book Value ($M) | ▲ | $25 | +3.18 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +3.02 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 85.22% | +7.96 | 77.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.21 | 0.05% |
| Allowance / Loans (%) | — | 1.02% | -0.21% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.34% | +0.28 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▅▆██ | Net Interest Margin (%) | 3.09% | 3.12% | 3.30% | 3.39% | 3.54% | 3.64% | 3.86% | 3.89% |
| ▁▁▂▄▄▆▆█ | Return on Assets (%) | 0.94% | 0.99% | 1.06% | 1.28% | 1.33% | 1.44% | 1.49% | 1.73% |
| ██▇▄▄▃▂▁ | Efficiency Ratio (%) | 73.0% | 71.6% | 70.4% | 65.0% | 64.6% | 62.4% | 60.5% | 57.3% |
| ██▄▂▂▁▁▁ | Cost of Funds (%) | 2.56% | 2.50% | 2.21% | 2.05% | 2.06% | 1.95% | 1.92% | 2.00% |
| ▇▂▁▁▁▃██ | NPA / Assets (%) | 0.21% | 0.07% | 0.03% | 0.05% | 0.06% | 0.10% | 0.25% | 0.26% |
| ▆▁▁▁▂▃██ | Net Charge-Off Ratio (%) | 0.26% | 0.07% | 0.04% | 0.06% | 0.08% | 0.14% | 0.35% | 0.34% |
| ▂▁▂▃▅▇▇█ | Tang. Book Value ($M) | $21 | $21 | $22 | $22 | $23 | $24 | $24 | $25 |
| ▂▁▁▃▃▆▇█ | Gross Loans ($M) | $148 | $143 | $145 | $149 | $151 | $160 | $162 | $167 |
| ▁▃▄▇▇▇█▇ | Total Deposits ($M) | $167 | $176 | $182 | $191 | $191 | $194 | $198 | $194 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 11% |
| Agricultural | 11% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 11% |