Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.71% | +0.16 | 0.55% |
| Return on Equity (%) | ▲ | 12.21% | +1.35 | 10.86% |
| Net Interest Margin (%) | ▲ | 3.57% | +0.19 | 3.39% |
| Efficiency Ratio (%) | ▼ | 75.65% | +1.75 | 73.90% |
| Pre-Provision Profit ($M) | ▼ | $7 | -0.02 | $7 |
| Cost of Funds (%) | ▲ | 1.79% | -0.10 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,069 | +256.66 | $2,813 |
| Gross Loans ($M) | ▲ | $1,723 | +212.13 | $1,511 |
| Loan Growth YoY (%) | ▲ | 65.33% | +3.85 | 61.47% |
| Total Deposits ($M) | ▲ | $2,608 | +181.67 | $2,427 |
| Shareholders Equity ($M) | ▲ | $188 | +47.74 | $141 |
| Tang. Book Value ($M) | ▲ | $153 | +39.10 | $114 |
| TBV excl. AOCI ($M)** | ▲ | $197 | +39.81 | $158 |
| Loan / Deposit Ratio (%) | ▲ | 65.33% | +3.85 | 61.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.32% | -0.11 | 1.43% |
| Allowance / Loans (%) | — | 1.11% | -0.16% | 1.27% |
| Net Charge-Off Ratio (%) | ▲ | 1.15% | -1.41 | 2.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($6.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▄▄▅▆▇█ | Net Interest Margin (%) | 3.23% | 3.37% | 3.38% | 3.39% | 3.44% | 3.48% | 3.49% | 3.57% |
| ▅▇▆▁▄█▆▅ | Return on Assets (%) | 0.73% | 0.79% | 0.77% | 0.55% | 0.69% | 0.85% | 0.75% | 0.71% |
| ▆▂▅▆▄▁▄█ | Efficiency Ratio (%) | 73.9% | 71.9% | 73.8% | 73.9% | 72.9% | 70.9% | 73.3% | 75.6% |
| █▅▁▅██▁▁ | Cost of Funds (%) | 1.95% | 1.89% | 1.81% | 1.88% | 1.96% | 1.96% | 1.79% | 1.79% |
| ▂▁▁██▆▆▇ | NPA / Assets (%) | 0.99% | 0.88% | 0.91% | 1.43% | 1.43% | 1.26% | 1.23% | 1.32% |
| ▅▃▄██▁▁▂ | Net Charge-Off Ratio (%) | 1.85% | 1.53% | 1.59% | 2.56% | 2.45% | 0.97% | 0.94% | 1.15% |
| ▆▁▃▂▆█▄█ | Tang. Book Value ($M) | $137 | $106 | $120 | $114 | $139 | $152 | $127 | $153 |
| ▁▃▄▄▅▆▇█ | Gross Loans ($M) | $1,306 | $1,428 | $1,468 | $1,511 | $1,565 | $1,575 | $1,648 | $1,723 |
| ▁▁▃▄▄▄▆█ | Total Deposits ($M) | $2,260 | $2,276 | $2,383 | $2,427 | $2,421 | $2,425 | $2,510 | $2,608 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 11% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 13% |