Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.30 | 0.80% |
| Return on Equity (%) | ▲ | 12.84% | +2.65 | 10.19% |
| Net Interest Margin (%) | ▲ | 3.69% | +0.44 | 3.25% |
| Efficiency Ratio (%) | ▲ | 62.56% | -5.17 | 67.73% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.47 | $3 |
| Cost of Funds (%) | ▲ | 2.23% | -0.14 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,238 | +27.72 | $1,210 |
| Gross Loans ($M) | ▲ | $912 | +9.46 | $903 |
| Loan Growth YoY (%) | ▼ | 86.23% | -4.71 | 90.94% |
| Total Deposits ($M) | ▲ | $1,041 | +61.92 | $979 |
| Shareholders Equity ($M) | ▲ | $109 | +15.60 | $94 |
| Tang. Book Value ($M) | ▲ | $107 | +15.60 | $92 |
| TBV excl. AOCI ($M)** | ▲ | $119 | +17.21 | $102 |
| Loan / Deposit Ratio (%) | ▼ | 86.23% | -4.71 | 90.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.33% | +0.25 | 0.07% |
| Allowance / Loans (%) | — | 1.58% | 0.22% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 0.44% | +0.35 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -10.97 | 10.97% |
Noninterest income ($1.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅██ | Net Interest Margin (%) | 2.97% | 2.99% | 3.20% | 3.25% | 3.32% | 3.37% | 3.63% | 3.69% |
| ▁▁▃▄▅▅▇█ | Return on Assets (%) | 0.60% | 0.62% | 0.79% | 0.80% | 0.87% | 0.86% | 0.98% | 1.10% |
| ██▄▄▃▂▂▁ | Efficiency Ratio (%) | 74.1% | 72.7% | 67.9% | 67.7% | 66.0% | 65.4% | 64.2% | 62.6% |
| █▅▄▃▄▂▁▁ | Cost of Funds (%) | 2.64% | 2.44% | 2.39% | 2.36% | 2.42% | 2.31% | 2.27% | 2.23% |
| ▁▁▁▂▄█▆▇ | NPA / Assets (%) | 0.01% | 0.00% | 0.00% | 0.07% | 0.18% | 0.39% | 0.29% | 0.33% |
| ▁▁▁▂▄█▆▇ | Net Charge-Off Ratio (%) | 0.01% | 0.00% | 0.01% | 0.10% | 0.25% | 0.51% | 0.37% | 0.44% |
| ▁▁▁▁▄▇▇█ | Tang. Book Value ($M) | $91 | $90 | $91 | $92 | $99 | $103 | $103 | $107 |
| ▁▄▄▆██▇▇ | Gross Loans ($M) | $816 | $878 | $871 | $903 | $932 | $941 | $916 | $912 |
| ▂▁▁▃▆▇█▇ | Total Deposits ($M) | $960 | $937 | $941 | $979 | $1,021 | $1,045 | $1,065 | $1,041 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 10% |
| Agricultural | 28% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 17% |