Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.59% | +0.18 | 1.42% |
| Return on Equity (%) | ▲ | 15.75% | +0.90 | 14.85% |
| Net Interest Margin (%) | ▲ | 4.19% | +0.36 | 3.83% |
| Efficiency Ratio (%) | ▲ | 58.57% | -1.57 | 60.14% |
| Pre-Provision Profit ($M) | ▲ | $10 | +1.59 | $8 |
| Cost of Funds (%) | ▲ | 1.44% | -0.05 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,760 | -106.58 | $1,866 |
| Gross Loans ($M) | ▼ | $1,417 | -46.39 | $1,463 |
| Loan Growth YoY (%) | ▼ | 91.77% | -1.88 | 93.65% |
| Total Deposits ($M) | ▼ | $1,521 | -18.12 | $1,539 |
| Shareholders Equity ($M) | ▲ | $187 | +9.78 | $177 |
| Tang. Book Value ($M) | ▲ | $187 | +9.78 | $177 |
| TBV excl. AOCI ($M)** | ▲ | $198 | +10.36 | $188 |
| Loan / Deposit Ratio (%) | ▼ | 91.77% | -1.88 | 93.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.15 | 0.28% |
| Allowance / Loans (%) | — | 1.46% | -0.01% | 1.47% |
| Net Charge-Off Ratio (%) | ▼ | 0.47% | +0.28 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.23% | +0.30 | 12.93% |
Noninterest income ($4.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆▇█ | Net Interest Margin (%) | 3.57% | 3.63% | 3.75% | 3.83% | 3.89% | 3.96% | 4.09% | 4.19% |
| ▁▁▄▅▅▅▅█ | Return on Assets (%) | 1.17% | 1.20% | 1.36% | 1.42% | 1.43% | 1.42% | 1.39% | 1.59% |
| ███▄▃▄▅▁ | Efficiency Ratio (%) | 62.0% | 62.1% | 62.1% | 60.1% | 59.5% | 60.0% | 60.4% | 58.6% |
| █▅▃▂▂▁▁▁ | Cost of Funds (%) | 1.89% | 1.69% | 1.56% | 1.48% | 1.52% | 1.46% | 1.42% | 1.44% |
| █▂▁▄▇▇▇█ | NPA / Assets (%) | 0.42% | 0.20% | 0.14% | 0.28% | 0.38% | 0.37% | 0.37% | 0.43% |
| ▃▁▁▁▅███ | Net Charge-Off Ratio (%) | 0.28% | 0.19% | 0.17% | 0.19% | 0.32% | 0.46% | 0.47% | 0.47% |
| ▃▁▄▃▆█▆█ | Tang. Book Value ($M) | $177 | $173 | $180 | $177 | $182 | $185 | $183 | $187 |
| ▅▅▅▄█▆▄▁ | Gross Loans ($M) | $1,467 | $1,466 | $1,471 | $1,463 | $1,515 | $1,487 | $1,454 | $1,417 |
| ▁▄▆▃▄█▄▁ | Total Deposits ($M) | $1,517 | $1,548 | $1,558 | $1,539 | $1,548 | $1,580 | $1,547 | $1,521 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 11% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 6% |