Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.06% | +0.35 | 0.71% |
| Return on Equity (%) | ▲ | 10.24% | +2.86 | 7.38% |
| Net Interest Margin (%) | ▲ | 2.90% | +0.54 | 2.36% |
| Efficiency Ratio (%) | ▼ | 60.34% | +2.42 | 57.91% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.09 | $4 |
| Cost of Funds (%) | ▲ | 2.76% | -0.50 | 3.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,231 | +78.60 | $1,153 |
| Gross Loans ($M) | ▲ | $866 | +65.75 | $800 |
| Loan Growth YoY (%) | ▲ | 92.12% | +6.92 | 85.21% |
| Total Deposits ($M) | ▲ | $928 | +1.84 | $926 |
| Shareholders Equity ($M) | ▲ | $126 | +14.54 | $112 |
| Tang. Book Value ($M) | ▲ | $119 | +14.26 | $105 |
| TBV excl. AOCI ($M)** | ▲ | $130 | +14.38 | $115 |
| Loan / Deposit Ratio (%) | ▲ | 92.12% | +6.92 | 85.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.27% | +0.14 | 1.13% |
| Allowance / Loans (%) | — | 1.29% | -0.10% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 1.73% | +0.71 | 1.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅██ | Net Interest Margin (%) | 2.00% | 2.02% | 2.27% | 2.36% | 2.42% | 2.48% | 2.91% | 2.90% |
| ▅▂▁▂▃▅▇█ | Return on Assets (%) | 0.87% | 0.75% | 0.66% | 0.71% | 0.76% | 0.87% | 1.00% | 1.06% |
| ▅█▃▁▁▁▃▂ | Efficiency Ratio (%) | 64.8% | 70.3% | 61.7% | 57.9% | 58.7% | 58.5% | 62.2% | 60.3% |
| ██▅▅▅▄▂▁ | Cost of Funds (%) | 3.69% | 3.67% | 3.27% | 3.26% | 3.27% | 3.16% | 2.88% | 2.76% |
| ▁▄▅▅▄███ | NPA / Assets (%) | 0.83% | 1.07% | 1.14% | 1.13% | 1.04% | 1.29% | 1.33% | 1.27% |
| ▃▆▇▁▄███ | Net Charge-Off Ratio (%) | 1.22% | 1.55% | 1.67% | 1.02% | 1.37% | 1.76% | 1.78% | 1.73% |
| ▃▁▂▃▅▆▇█ | Tang. Book Value ($M) | $104 | $99 | $103 | $105 | $109 | $114 | $115 | $119 |
| ▁▁▂▄▄▄▆█ | Gross Loans ($M) | $753 | $757 | $780 | $800 | $798 | $809 | $829 | $866 |
| ▁▇▇█▇███ | Total Deposits ($M) | $847 | $913 | $913 | $926 | $913 | $920 | $920 | $928 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 8% |
| Agricultural | 11% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 42% |