Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.82 | 0.32% |
| Return on Equity (%) | ▲ | 12.33% | +8.31 | 4.02% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.49 | 3.19% |
| Efficiency Ratio (%) | ▲ | 73.16% | -1.01 | 74.17% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.22 | $3 |
| Cost of Funds (%) | ▲ | 1.34% | -0.26 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,389 | +45.68 | $1,344 |
| Gross Loans ($M) | ▲ | $815 | +36.00 | $779 |
| Loan Growth YoY (%) | ▲ | 66.91% | +1.30 | 65.60% |
| Total Deposits ($M) | ▲ | $1,203 | +29.44 | $1,174 |
| Shareholders Equity ($M) | ▲ | $128 | +15.77 | $113 |
| Tang. Book Value ($M) | ▲ | $109 | +16.00 | $93 |
| TBV excl. AOCI ($M)** | ▲ | $125 | +13.82 | $111 |
| Loan / Deposit Ratio (%) | ▲ | 66.91% | +1.30 | 65.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.45% | -0.81 | 1.26% |
| Allowance / Loans (%) | — | 1.18% | 0.07% | 1.11% |
| Net Charge-Off Ratio (%) | ▲ | 0.55% | -0.27 | 0.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.59% | +0.26 | 15.33% |
Noninterest income ($2.48M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅▇█ | Net Interest Margin (%) | 2.84% | 2.92% | 3.06% | 3.19% | 3.24% | 3.31% | 3.55% | 3.68% |
| ▂▃▂▁▂▃█▇ | Return on Assets (%) | 0.52% | 0.61% | 0.54% | 0.32% | 0.52% | 0.68% | 1.29% | 1.14% |
| █▇▆▇▆▅▁▆ | Efficiency Ratio (%) | 75.8% | 74.6% | 73.7% | 74.2% | 73.8% | 72.4% | 67.8% | 73.2% |
| ██▇▆▄▁▁▁ | Cost of Funds (%) | 1.75% | 1.73% | 1.65% | 1.60% | 1.49% | 1.32% | 1.35% | 1.34% |
| ▁▂█▇▇▇▄▁ | NPA / Assets (%) | 0.40% | 0.55% | 1.51% | 1.26% | 1.31% | 1.25% | 0.92% | 0.45% |
| ▁▂█▂▂▁▁▁ | Net Charge-Off Ratio (%) | 0.63% | 0.90% | 2.61% | 0.82% | 0.88% | 0.77% | 0.75% | 0.55% |
| ▄▁▃▄▇███ | Tang. Book Value ($M) | $95 | $83 | $92 | $93 | $104 | $108 | $110 | $109 |
| █▆▃▁▃▃▂▆ | Gross Loans ($M) | $834 | $817 | $799 | $779 | $793 | $796 | $787 | $815 |
| ▆▃█▃▁▅▄▆ | Total Deposits ($M) | $1,201 | $1,180 | $1,219 | $1,174 | $1,157 | $1,190 | $1,184 | $1,203 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 4% |