Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.33% | +0.90 | 0.43% |
| Return on Equity (%) | ▲ | 9.77% | +6.58 | 3.19% |
| Net Interest Margin (%) | ▼ | 3.24% | -0.03 | 3.27% |
| Efficiency Ratio (%) | ▲ | 74.68% | -15.80 | 90.47% |
| Pre-Provision Profit ($M) | ▲ | $8 | +4.64 | $3 |
| Cost of Funds (%) | ▲ | 1.94% | -0.38 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,062 | +85.95 | $1,976 |
| Gross Loans ($M) | ▲ | $1,600 | +91.47 | $1,509 |
| Loan Growth YoY (%) | ▼ | 123.41% | -1.12 | 124.53% |
| Total Deposits ($M) | ▲ | $1,287 | +84.29 | $1,203 |
| Shareholders Equity ($M) | ▲ | $282 | +19.35 | $263 |
| Tang. Book Value ($M) | ▲ | $189 | +37.08 | $152 |
| TBV excl. AOCI ($M)** | ▲ | $196 | +37.19 | $159 |
| Loan / Deposit Ratio (%) | ▼ | 123.41% | -1.12 | 124.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.64% | +0.61 | 3.03% |
| Allowance / Loans (%) | — | 0.74% | 0.02% | 0.72% |
| Net Charge-Off Ratio (%) | ▼ | 4.36% | +0.51 | 3.85% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.45% | +1.55 | 13.90% |
Noninterest income ($19.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆█▇█▇▇ | Net Interest Margin (%) | 3.03% | 3.07% | 3.22% | 3.27% | 3.25% | 3.28% | 3.23% | 3.24% |
| ▅▄▁▁▁▁█▇ | Return on Assets (%) | 0.99% | 0.83% | 0.37% | 0.43% | 0.49% | 0.51% | 1.54% | 1.33% |
| ▆▆████▁▂ | Efficiency Ratio (%) | 84.1% | 85.4% | 90.6% | 90.5% | 89.2% | 88.5% | 71.9% | 74.7% |
| ██▇▆▇▄▂▁ | Cost of Funds (%) | 2.52% | 2.49% | 2.42% | 2.31% | 2.38% | 2.16% | 2.06% | 1.94% |
| ▂▇▇▄▄█▁█ | NPA / Assets (%) | 2.78% | 3.46% | 3.42% | 3.03% | 2.97% | 3.70% | 2.49% | 3.64% |
| ▄█▇▅▄█▁▇ | Net Charge-Off Ratio (%) | 3.68% | 4.51% | 4.45% | 3.85% | 3.71% | 4.70% | 3.00% | 4.36% |
| ▁▃▃▃▃▃▆█ | Tang. Book Value ($M) | $138 | $152 | $153 | $152 | $152 | $152 | $171 | $189 |
| ▁▂▂▅▅▆▆█ | Gross Loans ($M) | $1,397 | $1,428 | $1,436 | $1,509 | $1,518 | $1,536 | $1,545 | $1,600 |
| ▅▁▅▅▇▆▇█ | Total Deposits ($M) | $1,190 | $1,079 | $1,197 | $1,203 | $1,237 | $1,213 | $1,237 | $1,287 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 43% |
| Brokered / Other | 26% |