Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.25% | -0.18 | 1.43% |
| Return on Equity (%) | ▼ | 13.37% | -1.74 | 15.11% |
| Net Interest Margin (%) | ▼ | 2.04% | -0.22 | 2.27% |
| Efficiency Ratio (%) | ▼ | 45.40% | +2.30 | 43.10% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.06 | $4 |
| Cost of Funds (%) | ▲ | 2.25% | -0.07 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,093 | +64.10 | $1,029 |
| Gross Loans ($M) | ▲ | $309 | +11.29 | $298 |
| Loan Growth YoY (%) | ▼ | 31.13% | -0.55 | 31.68% |
| Total Deposits ($M) | ▲ | $983 | +54.93 | $928 |
| Shareholders Equity ($M) | ▲ | $105 | +8.48 | $96 |
| Tang. Book Value ($M) | ▲ | $105 | +8.48 | $96 |
| TBV excl. AOCI ($M)** | ▲ | $133 | +9.14 | $124 |
| Loan / Deposit Ratio (%) | ▼ | 31.13% | -0.55 | 31.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.47 | 0.48% |
| Allowance / Loans (%) | — | 1.10% | -0.28% | 1.38% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -1.62 | 1.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 27.51% | +0.30 | 27.21% |
Noninterest income ($1.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▄▄▄▃▁▁ | Net Interest Margin (%) | 2.66% | 2.61% | 2.27% | 2.27% | 2.26% | 2.22% | 1.99% | 2.04% |
| ██▄▄▄▁▁▂ | Return on Assets (%) | 1.73% | 1.67% | 1.43% | 1.43% | 1.43% | 1.14% | 1.15% | 1.25% |
| ▁▂▃▃▃▄█▅ | Efficiency Ratio (%) | 40.6% | 41.9% | 42.9% | 43.1% | 43.5% | 44.2% | 48.5% | 45.4% |
| ▄▃▁▅█▅▁▂ | Cost of Funds (%) | 2.30% | 2.27% | 2.22% | 2.32% | 2.40% | 2.32% | 2.21% | 2.25% |
| █████▂▁▁ | NPA / Assets (%) | 0.49% | 0.47% | 0.46% | 0.48% | 0.45% | 0.09% | 0.01% | 0.01% |
| █████▂▁▁ | Net Charge-Off Ratio (%) | 1.66% | 1.64% | 1.65% | 1.67% | 1.54% | 0.32% | 0.05% | 0.05% |
| ▁▁▄▃▅▆▇█ | Tang. Book Value ($M) | $92 | $93 | $97 | $96 | $99 | $100 | $103 | $105 |
| ▁▁▃▆▇▇██ | Gross Loans ($M) | $271 | $275 | $285 | $298 | $302 | $304 | $305 | $309 |
| ▁▃▅▆▅███ | Total Deposits ($M) | $825 | $870 | $917 | $928 | $922 | $985 | $985 | $983 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 45% |
| C&I / Commercial | 35% |
| Agricultural | 9% |
| Consumer | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 32% |