Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.96% | +0.37 | 1.59% |
| Return on Equity (%) | ▲ | 19.90% | +1.62 | 18.28% |
| Net Interest Margin (%) | ▲ | 5.26% | +0.16 | 5.10% |
| Efficiency Ratio (%) | ▲ | 62.41% | -3.98 | 66.38% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.63 | $3 |
| Cost of Funds (%) | ▲ | 1.02% | -0.11 | 1.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $643 | -6.81 | $650 |
| Gross Loans ($M) | ▼ | $400 | -25.99 | $426 |
| Loan Growth YoY (%) | ▼ | 68.99% | -2.97 | 71.96% |
| Total Deposits ($M) | ▼ | $574 | -13.12 | $587 |
| Shareholders Equity ($M) | ▲ | $65 | +6.13 | $59 |
| Tang. Book Value ($M) | ▲ | $58 | +6.13 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +7.78 | $60 |
| Loan / Deposit Ratio (%) | ▼ | 68.99% | -2.97 | 71.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.73% | +0.05 | 0.68% |
| Allowance / Loans (%) | — | 1.12% | 0.19% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 1.17% | +0.13 | 1.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.61% | +0.84 | 13.77% |
Noninterest income ($1.21M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆▇▇▆█ | Net Interest Margin (%) | 4.82% | 4.84% | 5.02% | 5.10% | 5.18% | 5.19% | 5.12% | 5.26% |
| ▂▄▁▃▄▄▄█ | Return on Assets (%) | 1.54% | 1.67% | 1.45% | 1.59% | 1.70% | 1.64% | 1.69% | 1.96% |
| ▇▅█▆▄▄▅▁ | Efficiency Ratio (%) | 67.3% | 65.9% | 68.3% | 66.4% | 64.9% | 65.3% | 65.9% | 62.4% |
| █▅▃▂▃▃▁▁ | Cost of Funds (%) | 1.50% | 1.30% | 1.17% | 1.13% | 1.15% | 1.14% | 1.04% | 1.02% |
| ▃▁▁▄▃██▄ | NPA / Assets (%) | 0.59% | 0.42% | 0.50% | 0.68% | 0.64% | 1.06% | 1.07% | 0.73% |
| ▂▁▂▄▃██▅ | Net Charge-Off Ratio (%) | 0.86% | 0.62% | 0.77% | 1.04% | 1.00% | 1.62% | 1.68% | 1.17% |
| ▂▁▂▄▆▇▇█ | Tang. Book Value ($M) | $51 | $48 | $50 | $52 | $55 | $57 | $56 | $58 |
| ██▇▆▃▆▃▁ | Gross Loans ($M) | $432 | $437 | $428 | $426 | $412 | $427 | $413 | $400 |
| ▁▅█▆▄▂▄▃ | Total Deposits ($M) | $561 | $586 | $602 | $587 | $580 | $571 | $581 | $574 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 20% |
| Agricultural | 10% |
| Consumer | 8% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 12% |