Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.17% | +0.19 | 0.98% |
| Return on Equity (%) | ▲ | 11.52% | +2.01 | 9.51% |
| Net Interest Margin (%) | ▼ | 3.62% | -0.04 | 3.66% |
| Efficiency Ratio (%) | ▲ | 65.30% | -3.93 | 69.23% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.34 | $6 |
| Cost of Funds (%) | ▲ | 1.61% | -0.01 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,613 | +134.99 | $1,478 |
| Gross Loans ($M) | ▲ | $1,197 | +89.49 | $1,108 |
| Loan Growth YoY (%) | ▼ | 84.34% | -2.78 | 87.12% |
| Total Deposits ($M) | ▲ | $1,400 | +146.56 | $1,253 |
| Shareholders Equity ($M) | ▲ | $166 | +11.66 | $154 |
| Tang. Book Value ($M) | ▲ | $123 | +11.38 | $112 |
| TBV excl. AOCI ($M)** | ▲ | $132 | +10.56 | $122 |
| Loan / Deposit Ratio (%) | ▼ | 84.34% | -2.78 | 87.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.28% | -0.12 | 0.40% |
| Allowance / Loans (%) | — | 1.37% | -0.04% | 1.41% |
| Net Charge-Off Ratio (%) | ▲ | 0.30% | -0.23 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.37% | -0.16 | 12.53% |
Noninterest income ($4.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆███▇▇ | Net Interest Margin (%) | 3.27% | 3.36% | 3.57% | 3.66% | 3.69% | 3.71% | 3.62% | 3.62% |
| ▁▃▁▄▅▆██ | Return on Assets (%) | 0.87% | 0.96% | 0.85% | 0.98% | 1.03% | 1.08% | 1.19% | 1.17% |
| █▇▇▄▄▃▁▁ | Efficiency Ratio (%) | 73.7% | 71.9% | 72.3% | 69.2% | 68.7% | 67.6% | 64.9% | 65.3% |
| █▄▁▄▅▄▂▃ | Cost of Funds (%) | 1.73% | 1.63% | 1.54% | 1.62% | 1.65% | 1.62% | 1.57% | 1.61% |
| ████▃▂▁▁ | NPA / Assets (%) | 0.40% | 0.40% | 0.41% | 0.40% | 0.31% | 0.30% | 0.29% | 0.28% |
| ████▄▃▁▁ | Net Charge-Off Ratio (%) | 0.53% | 0.52% | 0.55% | 0.53% | 0.41% | 0.39% | 0.32% | 0.30% |
| ▃▃▁▃▄▄▆█ | Tang. Book Value ($M) | $113 | $111 | $107 | $112 | $113 | $115 | $119 | $123 |
| ▁▁▃▄▄███ | Gross Loans ($M) | $1,039 | $1,054 | $1,093 | $1,108 | $1,115 | $1,182 | $1,188 | $1,197 |
| ▁▁▅▄▄▆██ | Total Deposits ($M) | $1,168 | $1,157 | $1,279 | $1,253 | $1,268 | $1,318 | $1,383 | $1,400 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 5% |