Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.80% | -1.18 | 1.98% |
| Return on Equity (%) | ▼ | 9.52% | -20.55 | 30.07% |
| Net Interest Margin (%) | ▲ | 4.06% | +0.73 | 3.33% |
| Efficiency Ratio (%) | ▼ | 76.09% | +22.26 | 53.82% |
| Pre-Provision Profit ($M) | ▼ | $5 | -16.98 | $22 |
| Cost of Funds (%) | ▲ | 1.29% | -0.21 | 1.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,852 | +39.47 | $1,812 |
| Gross Loans ($M) | ▲ | $956 | +6.69 | $949 |
| Loan Growth YoY (%) | ▼ | 56.77% | -0.22 | 56.99% |
| Total Deposits ($M) | ▲ | $1,661 | +19.01 | $1,642 |
| Shareholders Equity ($M) | ▲ | $155 | +21.74 | $133 |
| Tang. Book Value ($M) | ▲ | $142 | +21.73 | $120 |
| TBV excl. AOCI ($M)** | ▲ | $174 | +21.58 | $152 |
| Loan / Deposit Ratio (%) | ▼ | 56.77% | -0.22 | 56.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.65% | -0.18 | 0.83% |
| Allowance / Loans (%) | — | 1.36% | -0.06% | 1.42% |
| Net Charge-Off Ratio (%) | ▲ | 0.94% | -0.64 | 1.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.08% | +0.31 | 13.77% |
Noninterest income ($4.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▆██ | Net Interest Margin (%) | 2.96% | 3.00% | 3.24% | 3.33% | 3.50% | 3.67% | 4.03% | 4.06% |
| ▂▁▂█▅▅▃▃ | Return on Assets (%) | 0.42% | 0.16% | 0.50% | 1.98% | 1.29% | 1.18% | 0.73% | 0.80% |
| ███▁▁▃▆▆ | Efficiency Ratio (%) | 86.7% | 87.3% | 83.5% | 53.8% | 58.0% | 62.4% | 76.4% | 76.1% |
| █▆▅▄▃▃▂▁ | Cost of Funds (%) | 1.78% | 1.64% | 1.58% | 1.50% | 1.43% | 1.43% | 1.35% | 1.29% |
| ▁▁▃█▁▄▂▆ | NPA / Assets (%) | 0.23% | 0.24% | 0.41% | 0.83% | 0.28% | 0.49% | 0.31% | 0.65% |
| ▂▂▄█▃▅▁▅ | Net Charge-Off Ratio (%) | 0.46% | 0.46% | 0.78% | 1.58% | 0.52% | 0.89% | 0.12% | 0.94% |
| ▄▁▂▅▇███ | Tang. Book Value ($M) | $111 | $92 | $101 | $120 | $133 | $140 | $138 | $142 |
| ▁▄▄▅██▆▅ | Gross Loans ($M) | $887 | $931 | $930 | $949 | $987 | $998 | $966 | $956 |
| ▁██▇█▆▆█ | Total Deposits ($M) | $1,551 | $1,653 | $1,648 | $1,642 | $1,653 | $1,631 | $1,627 | $1,661 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 12% |
| Agricultural | 3% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 11% |