Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.67% | +0.39 | 1.27% |
| Return on Equity (%) | ▲ | 17.88% | +3.55 | 14.33% |
| Net Interest Margin (%) | ▲ | 4.87% | +0.46 | 4.40% |
| Efficiency Ratio (%) | ▲ | 67.31% | -3.80 | 71.12% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.58 | $1 |
| Cost of Funds (%) | ▲ | 1.78% | -0.09 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $450 | +30.22 | $420 |
| Gross Loans ($M) | ▲ | $314 | +21.05 | $293 |
| Loan Growth YoY (%) | ▼ | 78.36% | -0.81 | 79.17% |
| Total Deposits ($M) | ▲ | $395 | +30.33 | $364 |
| Shareholders Equity ($M) | ▲ | $43 | +6.15 | $36 |
| Tang. Book Value ($M) | ▲ | $42 | +6.23 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $47 | +6.33 | $40 |
| Loan / Deposit Ratio (%) | ▼ | 78.36% | -0.81 | 79.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.25% | -0.13 | 0.38% |
| Allowance / Loans (%) | — | 1.57% | -0.04% | 1.61% |
| Net Charge-Off Ratio (%) | ▲ | 0.36% | -0.18 | 0.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▄▅▆██ | Net Interest Margin (%) | 4.03% | 4.14% | 4.37% | 4.40% | 4.51% | 4.58% | 4.83% | 4.87% |
| ▁▁▄▂▄▅██ | Return on Assets (%) | 1.20% | 1.26% | 1.43% | 1.27% | 1.38% | 1.44% | 1.67% | 1.67% |
| ██▄█▄▄▁▁ | Efficiency Ratio (%) | 71.1% | 70.6% | 69.1% | 71.1% | 69.1% | 68.8% | 67.1% | 67.3% |
| █▄▁▅█▇▂▁ | Cost of Funds (%) | 1.93% | 1.85% | 1.79% | 1.87% | 1.93% | 1.90% | 1.81% | 1.78% |
| ▂▄█▆▂▁▁▃ | NPA / Assets (%) | 0.20% | 0.27% | 0.46% | 0.38% | 0.21% | 0.15% | 0.15% | 0.25% |
| ▂▄█▆▂▁▁▃ | Net Charge-Off Ratio (%) | 0.30% | 0.40% | 0.69% | 0.54% | 0.30% | 0.21% | 0.21% | 0.36% |
| ▅▂▂▁▅▇▅█ | Tang. Book Value ($M) | $39 | $37 | $37 | $36 | $39 | $41 | $40 | $42 |
| ▁▂▂▄▆▇██ | Gross Loans ($M) | $274 | $281 | $284 | $293 | $303 | $305 | $312 | $314 |
| ▁▁▃▂▃▃▆█ | Total Deposits ($M) | $358 | $356 | $368 | $364 | $368 | $370 | $381 | $395 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 12% |
| Agricultural | 6% |
| Consumer | 8% |
| Other | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 22% |