Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.20 | 0.85% |
| Return on Equity (%) | ▲ | 10.11% | +1.72 | 8.39% |
| Net Interest Margin (%) | ▲ | 3.43% | +0.33 | 3.10% |
| Efficiency Ratio (%) | ▲ | 60.75% | -4.32 | 65.07% |
| Pre-Provision Profit ($M) | ▲ | $12 | +2.91 | $9 |
| Cost of Funds (%) | ▲ | 1.93% | -0.24 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,353 | +244.64 | $3,109 |
| Gross Loans ($M) | ▲ | $2,452 | +51.56 | $2,400 |
| Loan Growth YoY (%) | ▼ | 87.04% | -5.80 | 92.84% |
| Total Deposits ($M) | ▲ | $2,788 | +229.69 | $2,559 |
| Shareholders Equity ($M) | ▲ | $351 | +27.91 | $323 |
| Tang. Book Value ($M) | ▲ | $296 | +34.96 | $261 |
| TBV excl. AOCI ($M)** | ▲ | $320 | +39.40 | $281 |
| Loan / Deposit Ratio (%) | ▼ | 87.04% | -5.80 | 92.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.30% | -0.08 | 0.37% |
| Allowance / Loans (%) | — | 1.02% | -0.02% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.34% | -0.14 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.97% | +0.66 | 11.31% |
Noninterest income ($5.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▇██ | Net Interest Margin (%) | 2.64% | 2.70% | 2.95% | 3.10% | 3.20% | 3.29% | 3.35% | 3.43% |
| ▁▁▄▅▇▇▇█ | Return on Assets (%) | 0.53% | 0.58% | 0.76% | 0.85% | 0.92% | 0.98% | 0.95% | 1.05% |
| █▆▄▃▂▂▂▁ | Efficiency Ratio (%) | 73.3% | 69.7% | 66.8% | 65.1% | 63.6% | 62.3% | 62.5% | 60.8% |
| █▆▆▄▃▁▁▁ | Cost of Funds (%) | 2.52% | 2.36% | 2.33% | 2.17% | 2.12% | 1.98% | 1.96% | 1.93% |
| █▆▁▅▃▂▃▂ | NPA / Assets (%) | 0.46% | 0.40% | 0.27% | 0.37% | 0.32% | 0.29% | 0.32% | 0.30% |
| █▆▁▅▃▂▁▁ | Net Charge-Off Ratio (%) | 0.57% | 0.51% | 0.35% | 0.48% | 0.42% | 0.39% | 0.37% | 0.34% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $247 | $245 | $253 | $261 | $273 | $282 | $285 | $296 |
| ▆▃▁▁▂▂▇█ | Gross Loans ($M) | $2,438 | $2,414 | $2,399 | $2,400 | $2,408 | $2,407 | $2,443 | $2,452 |
| ▁▃▂▂▄▆██ | Total Deposits ($M) | $2,488 | $2,598 | $2,560 | $2,559 | $2,615 | $2,708 | $2,765 | $2,788 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 9% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 2% |