Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.37 | 0.79% |
| Return on Equity (%) | ▲ | 17.35% | +1.78 | 15.57% |
| Net Interest Margin (%) | ▲ | 3.26% | +0.34 | 2.91% |
| Efficiency Ratio (%) | ▲ | 63.76% | -6.88 | 70.64% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.53 | $1 |
| Cost of Funds (%) | ▲ | 1.42% | -0.35 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $410 | +18.75 | $391 |
| Gross Loans ($M) | ▲ | $224 | +6.43 | $218 |
| Loan Growth YoY (%) | ▼ | 62.98% | -1.43 | 64.41% |
| Total Deposits ($M) | ▲ | $351 | +16.73 | $334 |
| Shareholders Equity ($M) | ▲ | $27 | +5.12 | $22 |
| Tang. Book Value ($M) | ▲ | $26 | +5.22 | $21 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +4.77 | $29 |
| Loan / Deposit Ratio (%) | ▼ | 62.98% | -1.43 | 64.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.40% | +0.12 | 0.28% |
| Allowance / Loans (%) | — | 1.45% | 0.26% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.71% | +0.21 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.28% | -0.10 | 16.38% |
Noninterest income ($0.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▆██ | Net Interest Margin (%) | 2.46% | 2.52% | 2.87% | 2.91% | 2.96% | 3.01% | 3.19% | 3.26% |
| ▁▁▁▃▃▅▅█ | Return on Assets (%) | 0.64% | 0.65% | 0.68% | 0.79% | 0.81% | 0.95% | 0.92% | 1.16% |
| ██▇▆▄▂▄▁ | Efficiency Ratio (%) | 74.1% | 73.9% | 72.4% | 70.6% | 68.8% | 66.3% | 68.3% | 63.8% |
| █▇▅▅▄▂▁▁ | Cost of Funds (%) | 1.98% | 1.85% | 1.73% | 1.77% | 1.68% | 1.54% | 1.42% | 1.42% |
| ▁▁█▂▂▂█▇ | NPA / Assets (%) | 0.25% | 0.27% | 0.43% | 0.28% | 0.29% | 0.28% | 0.44% | 0.40% |
| ▁▂█▂▂▁▇▇ | Net Charge-Off Ratio (%) | 0.48% | 0.50% | 0.78% | 0.50% | 0.53% | 0.45% | 0.73% | 0.71% |
| ▄▁▂▄▇█▇█ | Tang. Book Value ($M) | $22 | $17 | $19 | $21 | $25 | $27 | $25 | $26 |
| ▁▄▅▅▃█▆█ | Gross Loans ($M) | $207 | $215 | $217 | $218 | $213 | $223 | $218 | $224 |
| ▄█▄▂▁▃▃▇ | Total Deposits ($M) | $341 | $356 | $341 | $334 | $328 | $337 | $336 | $351 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 8% |
| Agricultural | 22% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 6% |