Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.58% | -0.10 | 1.67% |
| Return on Equity (%) | ▼ | 20.47% | -7.48 | 27.95% |
| Net Interest Margin (%) | ▲ | 3.99% | +0.14 | 3.85% |
| Efficiency Ratio (%) | ▲ | 52.97% | -0.15 | 53.12% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.62 | $3 |
| Cost of Funds (%) | ▲ | 0.81% | -0.45 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $738 | +12.68 | $726 |
| Gross Loans ($M) | ▲ | $233 | +4.30 | $229 |
| Loan Growth YoY (%) | ▲ | 34.65% | +0.75 | 33.90% |
| Total Deposits ($M) | ▼ | $662 | -4.78 | $667 |
| Shareholders Equity ($M) | ▲ | $58 | +14.82 | $43 |
| Tang. Book Value ($M) | ▲ | $58 | +14.85 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +16.44 | $64 |
| Loan / Deposit Ratio (%) | ▲ | 34.65% | +0.75 | 33.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.14% | -0.60 | 1.74% |
| Allowance / Loans (%) | — | 1.49% | 0.39% | 1.10% |
| Net Charge-Off Ratio (%) | ▲ | 3.61% | -1.92 | 5.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.29% | +0.30 | 19.99% |
Noninterest income ($1.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁█▄▆█▇█ | Net Interest Margin (%) | 3.75% | 3.77% | 3.96% | 3.85% | 3.91% | 3.99% | 3.95% | 3.99% |
| █▆▆▂▃▁▃▁ | Return on Assets (%) | 2.11% | 1.91% | 1.92% | 1.67% | 1.72% | 1.63% | 1.74% | 1.58% |
| ▁▃▄▅▅▅█▄ | Efficiency Ratio (%) | 49.9% | 51.6% | 52.9% | 53.1% | 53.5% | 53.1% | 56.0% | 53.0% |
| ██▅▅▄▂▁▁ | Cost of Funds (%) | 1.52% | 1.60% | 1.25% | 1.26% | 1.15% | 0.98% | 0.79% | 0.81% |
| ▁▁▁██▆▆▅ | NPA / Assets (%) | 0.24% | 0.39% | 0.40% | 1.74% | 1.72% | 1.28% | 1.34% | 1.14% |
| ▁▁▁██▆▆▅ | Net Charge-Off Ratio (%) | 0.81% | 1.16% | 1.20% | 5.53% | 5.53% | 4.01% | 4.31% | 3.61% |
| ▃▁▁▂▄▇▆█ | Tang. Book Value ($M) | $47 | $41 | $42 | $43 | $48 | $55 | $53 | $58 |
| ▆▇▄▅▁▂▁█ | Gross Loans ($M) | $230 | $231 | $228 | $229 | $224 | $225 | $224 | $233 |
| ▂▁▁█▇▂▄▇ | Total Deposits ($M) | $636 | $630 | $629 | $667 | $658 | $638 | $645 | $662 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 29% |
| C&I / Commercial | 53% |
| Agricultural | 1% |
| Consumer | 8% |
| Other | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 15% |