Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.96% | +1.33 | 2.63% |
| Return on Equity (%) | ▲ | 36.10% | +13.40 | 22.70% |
| Net Interest Margin (%) | ▼ | 6.63% | -0.29 | 6.92% |
| Efficiency Ratio (%) | ▲ | 55.29% | -4.80 | 60.09% |
| Pre-Provision Profit ($M) | ▲ | $6 | +2.42 | $4 |
| Cost of Funds (%) | ▲ | 1.62% | -0.11 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $503 | +33.95 | $470 |
| Gross Loans ($M) | ▲ | $393 | +25.07 | $368 |
| Loan Growth YoY (%) | ▼ | 86.95% | -0.84 | 87.79% |
| Total Deposits ($M) | ▲ | $445 | +32.40 | $413 |
| Shareholders Equity ($M) | ▲ | $56 | +1.79 | $55 |
| Tang. Book Value ($M) | ▲ | $53 | +1.47 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +1.74 | $54 |
| Loan / Deposit Ratio (%) | ▼ | 86.95% | -0.84 | 87.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 3.40% | -0.57 | 3.97% |
| Allowance / Loans (%) | — | 1.51% | -0.00% | 1.52% |
| Net Charge-Off Ratio (%) | ▲ | 4.28% | -0.24 | 4.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.25% | -1.29 | 16.53% |
Noninterest income ($5.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▅▄▅▆▁▂ | Net Interest Margin (%) | 7.38% | 7.37% | 7.02% | 6.92% | 6.97% | 7.06% | 6.48% | 6.63% |
| █▇▁▁▃▄▂█ | Return on Assets (%) | 3.96% | 3.70% | 2.53% | 2.63% | 2.92% | 3.07% | 2.83% | 3.96% |
| ▅▇▆██▇█▁ | Efficiency Ratio (%) | 57.9% | 58.9% | 58.3% | 60.1% | 59.8% | 59.3% | 60.0% | 55.3% |
| █▆▆▃▃▂▂▁ | Cost of Funds (%) | 2.02% | 1.89% | 1.90% | 1.73% | 1.75% | 1.69% | 1.69% | 1.62% |
| ▃██▆▅▁▅▂ | NPA / Assets (%) | 3.54% | 4.32% | 4.27% | 3.97% | 3.81% | 3.17% | 3.76% | 3.40% |
| ▃██▅▂▁▅▄ | Net Charge-Off Ratio (%) | 4.19% | 5.08% | 5.04% | 4.51% | 4.02% | 3.71% | 4.46% | 4.28% |
| ▂▁█▇▇█▂█ | Tang. Book Value ($M) | $48 | $47 | $52 | $52 | $52 | $53 | $48 | $53 |
| ▁▁▂▂▃▆█▆ | Gross Loans ($M) | $359 | $364 | $370 | $368 | $373 | $392 | $408 | $393 |
| ▁▁▁▃▃▁▄█ | Total Deposits ($M) | $404 | $400 | $399 | $413 | $412 | $402 | $420 | $445 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 17% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 12% |