Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.14 | 1.20% |
| Return on Equity (%) | ▼ | 12.50% | -1.75 | 14.25% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.14 | 3.68% |
| Efficiency Ratio (%) | ▲ | 53.36% | -3.32 | 56.68% |
| Pre-Provision Profit ($M) | ▲ | $11 | +2.15 | $9 |
| Cost of Funds (%) | ▲ | 1.94% | -0.22 | 2.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,248 | +288.17 | $1,960 |
| Gross Loans ($M) | ▲ | $1,592 | +85.79 | $1,506 |
| Loan Growth YoY (%) | ▼ | 80.66% | -4.84 | 85.50% |
| Total Deposits ($M) | ▲ | $1,952 | +207.61 | $1,744 |
| Shareholders Equity ($M) | ▲ | $245 | +75.02 | $170 |
| Tang. Book Value ($M) | ▲ | $234 | +75.39 | $158 |
| TBV excl. AOCI ($M)** | ▲ | $250 | +78.36 | $172 |
| Loan / Deposit Ratio (%) | ▼ | 80.66% | -4.84 | 85.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.40% | +0.40 | 0.01% |
| Allowance / Loans (%) | — | 1.14% | 0.11% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 0.57% | +0.56 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.24% | +3.35 | 11.90% |
Noninterest income ($3.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▇█▆█ | Net Interest Margin (%) | 3.48% | 3.49% | 3.48% | 3.68% | 3.78% | 3.82% | 3.72% | 3.82% |
| ▂▂▁▄▄▇▅█ | Return on Assets (%) | 1.11% | 1.13% | 1.07% | 1.20% | 1.19% | 1.27% | 1.23% | 1.34% |
| █▇█▄▃▁▄▁ | Efficiency Ratio (%) | 59.3% | 59.0% | 60.2% | 56.7% | 55.1% | 53.2% | 55.8% | 53.4% |
| ██▅▅▄▂▁▂ | Cost of Funds (%) | 2.45% | 2.41% | 2.17% | 2.16% | 2.08% | 1.92% | 1.82% | 1.94% |
| ▃▁▁▁████ | NPA / Assets (%) | 0.15% | 0.00% | 0.01% | 0.01% | 0.37% | 0.41% | 0.42% | 0.40% |
| ▃▁▁▁▇███ | Net Charge-Off Ratio (%) | 0.20% | 0.00% | 0.01% | 0.01% | 0.49% | 0.57% | 0.60% | 0.57% |
| ▁▁▁▂▆▇██ | Tang. Book Value ($M) | $145 | $143 | $151 | $158 | $208 | $216 | $228 | $234 |
| ▁▁▁▅▅▇▇█ | Gross Loans ($M) | $1,418 | $1,431 | $1,430 | $1,506 | $1,515 | $1,550 | $1,561 | $1,592 |
| ▁▂▃▃▃▆██ | Total Deposits ($M) | $1,631 | $1,695 | $1,729 | $1,744 | $1,753 | $1,868 | $1,958 | $1,952 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 17% |
| Agricultural | 25% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 13% |