Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.75% | +0.23 | 1.52% |
| Return on Equity (%) | ▲ | 17.44% | +1.94 | 15.50% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.28 | 3.56% |
| Efficiency Ratio (%) | ▲ | 54.04% | -2.40 | 56.44% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.38 | $2 |
| Cost of Funds (%) | ▲ | 1.87% | -0.05 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $541 | +26.10 | $515 |
| Gross Loans ($M) | ▲ | $476 | +15.43 | $461 |
| Loan Growth YoY (%) | ▼ | 104.06% | -1.55 | 105.61% |
| Total Deposits ($M) | ▲ | $452 | +20.92 | $431 |
| Shareholders Equity ($M) | ▲ | $56 | +4.47 | $51 |
| Tang. Book Value ($M) | ▲ | $53 | +4.54 | $48 |
| Loan / Deposit Ratio (%) | ▼ | 104.06% | -1.55 | 105.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.25% | -0.09 | 0.34% |
| Allowance / Loans (%) | — | 1.15% | 0.04% | 1.11% |
| Net Charge-Off Ratio (%) | ▲ | 0.26% | -0.12 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.54% | +0.52 | 11.02% |
Noninterest income ($0.74M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▆▆██ | Net Interest Margin (%) | 3.06% | 3.09% | 3.49% | 3.56% | 3.61% | 3.64% | 3.81% | 3.84% |
| ▁▁▅▆▆▅██ | Return on Assets (%) | 1.11% | 1.06% | 1.49% | 1.52% | 1.55% | 1.49% | 1.75% | 1.75% |
| ▇█▃▃▂▃▁▁ | Efficiency Ratio (%) | 62.8% | 64.8% | 57.3% | 56.4% | 55.7% | 57.2% | 53.4% | 54.0% |
| ▇█▁▁▁▁▁▁ | Cost of Funds (%) | 2.31% | 2.46% | 1.89% | 1.92% | 1.93% | 1.92% | 1.88% | 1.87% |
| ▅▃▃▇█▇█▁ | NPA / Assets (%) | 0.32% | 0.28% | 0.28% | 0.34% | 0.35% | 0.34% | 0.36% | 0.25% |
| ▇▄▄▇██▇▁ | Net Charge-Off Ratio (%) | 0.38% | 0.31% | 0.33% | 0.38% | 0.40% | 0.39% | 0.37% | 0.26% |
| ▁▁▂▄▅▆▇█ | Tang. Book Value ($M) | $46 | $45 | $47 | $48 | $50 | $51 | $51 | $53 |
| ▁▂▄▆▇███ | Gross Loans ($M) | $430 | $441 | $451 | $461 | $468 | $474 | $477 | $476 |
| ▃▁▆▄▆███ | Total Deposits ($M) | $424 | $409 | $439 | $431 | $445 | $453 | $457 | $452 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 13% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 14% |