Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.00% | +0.06 | 0.94% |
| Return on Equity (%) | ▼ | 10.83% | -0.27 | 11.10% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.21 | 3.82% |
| Efficiency Ratio (%) | ▲ | 69.27% | -2.31 | 71.59% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.81 | $4 |
| Cost of Funds (%) | ▲ | 1.61% | -0.12 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,365 | +89.05 | $1,276 |
| Gross Loans ($M) | ▲ | $1,139 | +68.69 | $1,071 |
| Loan Growth YoY (%) | ▲ | 101.92% | +6.10 | 95.82% |
| Total Deposits ($M) | ▲ | $1,106 | +1.67 | $1,104 |
| Shareholders Equity ($M) | ▲ | $126 | +15.05 | $111 |
| Tang. Book Value ($M) | ▲ | $123 | +15.13 | $108 |
| TBV excl. AOCI ($M)** | ▲ | $131 | +17.39 | $114 |
| Loan / Deposit Ratio (%) | ▲ | 101.92% | +6.10 | 95.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.21% | +1.66 | 0.55% |
| Allowance / Loans (%) | — | 1.11% | -0.10% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 2.62% | +1.96 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.01% | +0.43 | 10.58% |
Noninterest income ($2.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆██ | Net Interest Margin (%) | 3.75% | 3.77% | 3.74% | 3.82% | 3.89% | 3.95% | 4.01% | 4.03% |
| █▆▁▄▆▇▇█ | Return on Assets (%) | 1.00% | 0.96% | 0.88% | 0.94% | 0.97% | 0.98% | 0.98% | 1.00% |
| ▂▄█▇▆▁▅▃ | Efficiency Ratio (%) | 68.8% | 70.0% | 72.5% | 71.6% | 71.0% | 68.1% | 70.5% | 69.3% |
| ▅▇█▅▆▃▁▁ | Cost of Funds (%) | 1.74% | 1.79% | 1.84% | 1.74% | 1.75% | 1.70% | 1.64% | 1.61% |
| ▁▁▁▁▅▄▄█ | NPA / Assets (%) | 0.56% | 0.53% | 0.53% | 0.55% | 1.43% | 1.27% | 1.26% | 2.21% |
| ▁▁▁▁▅▄▄█ | Net Charge-Off Ratio (%) | 0.67% | 0.65% | 0.65% | 0.66% | 1.74% | 1.51% | 1.50% | 2.62% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $102 | $103 | $105 | $108 | $114 | $119 | $120 | $123 |
| ▁▁▁▃▃▅▅█ | Gross Loans ($M) | $1,052 | $1,047 | $1,053 | $1,071 | $1,082 | $1,096 | $1,102 | $1,139 |
| ▁▅█▆▇▇█▆ | Total Deposits ($M) | $1,048 | $1,099 | $1,126 | $1,104 | $1,120 | $1,119 | $1,131 | $1,106 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 20% |
| Agricultural | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 11% |