Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.55 | 0.68% |
| Return on Equity (%) | ▲ | 13.06% | +5.10 | 7.96% |
| Net Interest Margin (%) | ▲ | 2.97% | +0.64 | 2.33% |
| Efficiency Ratio (%) | ▲ | 55.23% | -10.54 | 65.78% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.63 | $3 |
| Cost of Funds (%) | ▲ | 1.27% | -0.21 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,112 | +49.91 | $1,062 |
| Gross Loans ($M) | ▼ | $662 | -14.34 | $676 |
| Loan Growth YoY (%) | ▼ | 68.32% | -4.37 | 72.69% |
| Total Deposits ($M) | ▲ | $956 | +37.19 | $918 |
| Shareholders Equity ($M) | ▲ | $105 | +7.42 | $98 |
| Tang. Book Value ($M) | ▲ | $101 | +7.55 | $93 |
| TBV excl. AOCI ($M)** | ▲ | $119 | +9.54 | $109 |
| Loan / Deposit Ratio (%) | ▼ | 68.32% | -4.37 | 72.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.84% | -0.20 | 1.04% |
| Allowance / Loans (%) | — | 1.32% | 0.09% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 1.41% | -0.23 | 1.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.97% | +1.07 | 13.89% |
Noninterest income ($1.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅██ | Net Interest Margin (%) | 1.81% | 1.88% | 2.23% | 2.33% | 2.41% | 2.51% | 2.89% | 2.97% |
| ▁▁▁▃▄▅██ | Return on Assets (%) | 0.40% | 0.47% | 0.41% | 0.68% | 0.72% | 0.91% | 1.17% | 1.23% |
| ██▅▄▃▃▁▁ | Efficiency Ratio (%) | 81.9% | 78.9% | 68.6% | 65.8% | 64.2% | 62.0% | 57.0% | 55.2% |
| █▆▃▄▃▁▁▁ | Cost of Funds (%) | 1.81% | 1.65% | 1.45% | 1.48% | 1.41% | 1.31% | 1.26% | 1.27% |
| ▇▄▅▄█▁▁▁ | NPA / Assets (%) | 1.17% | 1.01% | 1.10% | 1.04% | 1.27% | 0.88% | 0.87% | 0.84% |
| ▆▄▆▄█▁▁▁ | Net Charge-Off Ratio (%) | 1.83% | 1.63% | 1.78% | 1.63% | 1.98% | 1.43% | 1.41% | 1.41% |
| ▂▁▂▅▆███ | Tang. Book Value ($M) | $89 | $85 | $89 | $93 | $96 | $100 | $99 | $101 |
| █▇█▄▅▅▄▁ | Gross Loans ($M) | $693 | $689 | $693 | $676 | $680 | $681 | $675 | $662 |
| ▁▇█▂▂▆▅▇ | Total Deposits ($M) | $905 | $957 | $972 | $918 | $915 | $953 | $939 | $956 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 4% |