Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.02% | -0.98 | -0.04% |
| Return on Equity (%) | ▼ | -11.04% | -10.56 | -0.48% |
| Net Interest Margin (%) | ▲ | 3.05% | +0.30 | 2.75% |
| Efficiency Ratio (%) | ▲ | 88.31% | -8.60 | 96.91% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.83 | $0 |
| Cost of Funds (%) | ▲ | 2.16% | -0.51 | 2.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,712 | -63.32 | $1,776 |
| Gross Loans ($M) | ▼ | $1,184 | -115.85 | $1,300 |
| Loan Growth YoY (%) | ▼ | 79.04% | -3.87 | 82.92% |
| Total Deposits ($M) | ▼ | $1,475 | -72.53 | $1,547 |
| Shareholders Equity ($M) | ▲ | $168 | +20.88 | $147 |
| Tang. Book Value ($M) | ▲ | $151 | +21.09 | $130 |
| TBV excl. AOCI ($M)** | ▲ | $166 | +21.29 | $144 |
| Loan / Deposit Ratio (%) | ▼ | 79.04% | -3.87 | 82.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.47% | +1.16 | 2.31% |
| Allowance / Loans (%) | — | 1.53% | 0.24% | 1.29% |
| Net Charge-Off Ratio (%) | ▼ | 4.32% | +1.62 | 2.70% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.79% | +0.43 | 11.36% |
Noninterest income ($2.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▅▆▇█ | Net Interest Margin (%) | 2.43% | 2.47% | 2.78% | 2.75% | 2.80% | 2.82% | 2.91% | 3.05% |
| ██████▁▅ | Return on Assets (%) | 0.25% | 0.01% | 0.05% | -0.04% | 0.03% | -0.03% | -2.40% | -1.02% |
| ▁▃▇█▆▇▃▃ | Efficiency Ratio (%) | 84.8% | 89.2% | 94.6% | 96.9% | 93.8% | 94.7% | 89.3% | 88.3% |
| ██▆▆▄▂▁▁ | Cost of Funds (%) | 2.94% | 2.86% | 2.67% | 2.68% | 2.45% | 2.32% | 2.12% | 2.16% |
| ▂▁▁▅▆▆██ | NPA / Assets (%) | 1.40% | 0.99% | 1.25% | 2.31% | 2.69% | 2.65% | 3.20% | 3.47% |
| ▂▁▁▅▆▆██ | Net Charge-Off Ratio (%) | 1.44% | 0.87% | 1.23% | 2.70% | 3.38% | 3.13% | 4.01% | 4.32% |
| ▆▂▂▁▃▄▇█ | Tang. Book Value ($M) | $143 | $134 | $135 | $130 | $137 | $138 | $146 | $151 |
| ██▇▅▃▁▁▁ | Gross Loans ($M) | $1,394 | $1,415 | $1,359 | $1,300 | $1,238 | $1,167 | $1,165 | $1,184 |
| ▆█▇▅▅▃▅▁ | Total Deposits ($M) | $1,560 | $1,595 | $1,569 | $1,547 | $1,538 | $1,514 | $1,536 | $1,475 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 20% |
| Agricultural | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 13% |