Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.67% | +0.10 | 1.56% |
| Return on Equity (%) | ▲ | 16.34% | +1.02 | 15.32% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.17 | 3.71% |
| Efficiency Ratio (%) | ▲ | 57.35% | -3.77 | 61.12% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.32 | $4 |
| Cost of Funds (%) | ▲ | 1.70% | -0.13 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $794 | +52.87 | $741 |
| Gross Loans ($M) | ▲ | $578 | +27.55 | $551 |
| Loan Growth YoY (%) | ▼ | 82.01% | -2.96 | 84.97% |
| Total Deposits ($M) | ▲ | $695 | +56.19 | $638 |
| Shareholders Equity ($M) | ▲ | $80 | +5.53 | $75 |
| Tang. Book Value ($M) | ▲ | $73 | +5.70 | $67 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +5.59 | $75 |
| Loan / Deposit Ratio (%) | ▼ | 82.01% | -2.96 | 84.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.41% | +0.32 | 0.09% |
| Allowance / Loans (%) | — | 1.51% | -0.01% | 1.51% |
| Net Charge-Off Ratio (%) | ▼ | 0.49% | +0.36 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.13% | -0.30 | 13.42% |
Noninterest income ($1.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▆▇███ | Net Interest Margin (%) | 3.34% | 3.42% | 3.54% | 3.71% | 3.76% | 3.82% | 3.84% | 3.88% |
| ▁▃▂▆▃█▅▇ | Return on Assets (%) | 1.16% | 1.32% | 1.25% | 1.56% | 1.37% | 1.76% | 1.52% | 1.67% |
| █▇█▅▅▁▅▃ | Efficiency Ratio (%) | 68.3% | 65.2% | 68.3% | 61.1% | 60.5% | 52.6% | 60.7% | 57.3% |
| █▆▄▃▃▂▁▁ | Cost of Funds (%) | 2.10% | 1.99% | 1.90% | 1.83% | 1.82% | 1.76% | 1.69% | 1.70% |
| █▁▁▁▇▄▂▅ | NPA / Assets (%) | 0.70% | 0.11% | 0.10% | 0.09% | 0.56% | 0.39% | 0.21% | 0.41% |
| █▁▁▁▇▄▁▄ | Net Charge-Off Ratio (%) | 0.93% | 0.14% | 0.13% | 0.12% | 0.75% | 0.52% | 0.20% | 0.49% |
| ▂▁▂▃▆▇▇█ | Tang. Book Value ($M) | $66 | $65 | $67 | $67 | $70 | $72 | $71 | $73 |
| ▁▃▂▄▆███ | Gross Loans ($M) | $528 | $542 | $537 | $551 | $562 | $575 | $573 | $578 |
| ▁▁▃▃▄▆▇█ | Total Deposits ($M) | $607 | $608 | $631 | $638 | $641 | $667 | $680 | $695 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 20% |
| Agricultural | 10% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 11% |