Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.98% | -0.07 | 1.04% |
| Return on Equity (%) | ▼ | 9.50% | -1.57 | 11.07% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.12 | 3.56% |
| Efficiency Ratio (%) | ▲ | 50.71% | -0.78 | 51.48% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.58 | $7 |
| Cost of Funds (%) | ▲ | 1.76% | -0.04 | 1.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,462 | +81.08 | $1,381 |
| Gross Loans ($M) | ▲ | $1,011 | +47.41 | $964 |
| Loan Growth YoY (%) | ▼ | 89.34% | -4.52 | 93.86% |
| Total Deposits ($M) | ▲ | $1,118 | +103.89 | $1,014 |
| Shareholders Equity ($M) | ▲ | $152 | +15.65 | $136 |
| Tang. Book Value ($M) | ▲ | $141 | +15.87 | $125 |
| TBV excl. AOCI ($M)** | ▲ | $157 | +18.28 | $139 |
| Loan / Deposit Ratio (%) | ▼ | 89.34% | -4.52 | 93.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.60% | +1.30 | 0.30% |
| Allowance / Loans (%) | — | 1.17% | -0.01% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 1.85% | +1.48 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.98M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇█▇█ | Net Interest Margin (%) | 3.44% | 3.46% | 3.50% | 3.56% | 3.62% | 3.66% | 3.63% | 3.68% |
| ██▄▇██▁▆ | Return on Assets (%) | 1.16% | 1.19% | 0.88% | 1.04% | 1.18% | 1.18% | 0.57% | 0.98% |
| ██▇▄▃▁▄▂ | Efficiency Ratio (%) | 53.9% | 53.4% | 52.9% | 51.5% | 51.1% | 50.0% | 51.7% | 50.7% |
| ▁█▇▆▇█▁▃ | Cost of Funds (%) | 1.73% | 1.84% | 1.82% | 1.80% | 1.83% | 1.84% | 1.72% | 1.76% |
| ▁▁▁▁▁▅▆█ | NPA / Assets (%) | 0.18% | 0.13% | 0.30% | 0.30% | 0.28% | 0.88% | 1.18% | 1.60% |
| ▁▁▂▂▂▆██ | Net Charge-Off Ratio (%) | 0.23% | 0.11% | 0.34% | 0.37% | 0.36% | 1.21% | 1.71% | 1.85% |
| ▂▁▂▄▆▇▇█ | Tang. Book Value ($M) | $119 | $115 | $120 | $125 | $133 | $136 | $137 | $141 |
| ▁▂▃▄▄▇▄█ | Gross Loans ($M) | $934 | $946 | $955 | $964 | $970 | $995 | $963 | $1,011 |
| ▂▄▂▁▂▃▇█ | Total Deposits ($M) | $1,030 | $1,054 | $1,027 | $1,014 | $1,035 | $1,042 | $1,095 | $1,118 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 8% |
| Agricultural | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 4% |