Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.84% | +0.01 | 0.82% |
| Return on Equity (%) | ▼ | 9.01% | -1.36 | 10.37% |
| Net Interest Margin (%) | ▲ | 3.94% | +0.38 | 3.56% |
| Efficiency Ratio (%) | ▲ | 52.18% | -7.18 | 59.36% |
| Pre-Provision Profit ($M) | ▲ | $9 | +2.37 | $6 |
| Cost of Funds (%) | ▲ | 1.86% | -0.29 | 2.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,592 | +58.73 | $1,533 |
| Gross Loans ($M) | ▲ | $1,075 | +35.32 | $1,039 |
| Loan Growth YoY (%) | ▼ | 75.66% | -3.51 | 79.17% |
| Total Deposits ($M) | ▲ | $1,396 | +101.17 | $1,295 |
| Shareholders Equity ($M) | ▲ | $149 | +23.45 | $126 |
| Tang. Book Value ($M) | ▲ | $118 | +25.75 | $92 |
| TBV excl. AOCI ($M)** | ▲ | $134 | +26.83 | $107 |
| Loan / Deposit Ratio (%) | ▼ | 75.66% | -3.51 | 79.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.70% | +0.40 | 0.30% |
| Allowance / Loans (%) | — | 1.74% | 0.34% | 1.40% |
| Net Charge-Off Ratio (%) | ▼ | 0.92% | +0.47 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.05% | +0.98 | 10.07% |
Noninterest income ($4.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▆██ | Net Interest Margin (%) | 3.13% | 3.18% | 3.36% | 3.56% | 3.66% | 3.72% | 3.87% | 3.94% |
| █▄▅▁▄▆█▁ | Return on Assets (%) | 1.23% | 1.02% | 1.09% | 0.82% | 1.03% | 1.12% | 1.27% | 0.84% |
| ▇▇██▆▆▁▁ | Efficiency Ratio (%) | 58.6% | 59.0% | 60.3% | 59.4% | 58.0% | 57.4% | 53.0% | 52.2% |
| ███▆▅▃▁▁ | Cost of Funds (%) | 2.31% | 2.32% | 2.29% | 2.15% | 2.11% | 2.03% | 1.86% | 1.86% |
| ▁▁▂▂▂▇██ | NPA / Assets (%) | 0.25% | 0.24% | 0.33% | 0.30% | 0.31% | 0.62% | 0.70% | 0.70% |
| ▁▁▂▁▁▇█▇ | Net Charge-Off Ratio (%) | 0.41% | 0.37% | 0.51% | 0.45% | 0.45% | 0.91% | 1.01% | 0.92% |
| ▂▁▂▃▆▇██ | Tang. Book Value ($M) | $84 | $77 | $84 | $92 | $104 | $112 | $117 | $118 |
| ▁▂▂▇████ | Gross Loans ($M) | $756 | $800 | $831 | $1,039 | $1,056 | $1,072 | $1,082 | $1,075 |
| ▁▁▃▇▇███ | Total Deposits ($M) | $884 | $922 | $1,030 | $1,295 | $1,312 | $1,340 | $1,404 | $1,396 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 9% |
| Agricultural | 7% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 12% |