Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.03% | +0.42 | 1.60% |
| Return on Equity (%) | ▲ | 19.85% | +2.24 | 17.61% |
| Net Interest Margin (%) | ▲ | 4.02% | +0.29 | 3.74% |
| Efficiency Ratio (%) | ▲ | 50.50% | -5.52 | 56.03% |
| Pre-Provision Profit ($M) | ▲ | $13 | +2.51 | $10 |
| Cost of Funds (%) | ▲ | 1.71% | -0.28 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,409 | +44.81 | $2,364 |
| Gross Loans ($M) | ▲ | $1,511 | +41.64 | $1,469 |
| Loan Growth YoY (%) | ▲ | 69.82% | +1.34 | 68.48% |
| Total Deposits ($M) | ▲ | $2,135 | +18.31 | $2,116 |
| Shareholders Equity ($M) | ▲ | $253 | +36.18 | $217 |
| Tang. Book Value ($M) | ▲ | $228 | +39.14 | $189 |
| TBV excl. AOCI ($M)** | ▲ | $266 | +44.00 | $222 |
| Loan / Deposit Ratio (%) | ▲ | 69.82% | +1.34 | 68.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.32% | -1.14 | 1.46% |
| Allowance / Loans (%) | — | 1.34% | -0.01% | 1.35% |
| Net Charge-Off Ratio (%) | ▲ | 0.41% | -0.51 | 0.92% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.64% | +0.94 | 14.69% |
Noninterest income ($3.95M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆▇▇██ | Net Interest Margin (%) | 3.25% | 3.31% | 3.55% | 3.74% | 3.83% | 3.88% | 3.93% | 4.02% |
| ▁▁▁▂▄▅██ | Return on Assets (%) | 1.52% | 1.48% | 1.47% | 1.60% | 1.71% | 1.76% | 1.97% | 2.03% |
| ▆▇█▆▄▃▁▁ | Efficiency Ratio (%) | 56.4% | 57.2% | 58.4% | 56.0% | 54.2% | 53.4% | 51.1% | 50.5% |
| █▇▃▄▂▂▁▁ | Cost of Funds (%) | 2.43% | 2.28% | 1.91% | 1.99% | 1.88% | 1.82% | 1.73% | 1.71% |
| ▇█▇██▇▂▁ | NPA / Assets (%) | 1.26% | 1.47% | 1.28% | 1.46% | 1.41% | 1.31% | 0.50% | 0.32% |
| █▂▂▃▃▂▂▁ | Net Charge-Off Ratio (%) | 1.97% | 0.75% | 0.66% | 0.92% | 0.85% | 0.74% | 0.71% | 0.41% |
| ▂▁▁▂▄▇▇█ | Tang. Book Value ($M) | $188 | $185 | $181 | $189 | $202 | $220 | $220 | $228 |
| ▁▁▆▆██▇█ | Gross Loans ($M) | $1,384 | $1,386 | $1,470 | $1,469 | $1,501 | $1,498 | $1,489 | $1,511 |
| ▁▁█▇▇███ | Total Deposits ($M) | $1,762 | $1,805 | $2,174 | $2,116 | $2,124 | $2,184 | $2,185 | $2,135 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 13% |
| Agricultural | 11% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 15% |