Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.11% | -0.04 | 1.15% |
| Return on Equity (%) | ▼ | 9.23% | -0.73 | 9.96% |
| Net Interest Margin (%) | ▲ | 4.04% | +0.11 | 3.93% |
| Efficiency Ratio (%) | ▲ | 60.56% | -2.35 | 62.91% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.15 | $6 |
| Cost of Funds (%) | ▲ | 1.12% | -0.14 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,703 | +127.72 | $1,576 |
| Gross Loans ($M) | ▲ | $1,076 | +63.63 | $1,013 |
| Loan Growth YoY (%) | ▼ | 73.76% | -0.51 | 74.27% |
| Total Deposits ($M) | ▲ | $1,440 | +92.16 | $1,348 |
| Shareholders Equity ($M) | ▲ | $201 | +14.83 | $186 |
| Tang. Book Value ($M) | ▲ | $144 | +16.90 | $127 |
| TBV excl. AOCI ($M)** | ▲ | $164 | +18.11 | $146 |
| Loan / Deposit Ratio (%) | ▼ | 73.76% | -0.51 | 74.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.64% | +0.49 | 0.15% |
| Allowance / Loans (%) | — | 1.31% | 0.17% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 1.01% | +0.80 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.00% | +0.30 | 12.69% |
Noninterest income ($4.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▆████ | Net Interest Margin (%) | 3.61% | 3.74% | 3.82% | 3.93% | 4.01% | 4.02% | 4.06% | 4.04% |
| █▆▃▄▄▅▁▃ | Return on Assets (%) | 1.37% | 1.25% | 1.10% | 1.15% | 1.16% | 1.19% | 0.97% | 1.11% |
| ▁▄███▇▆▆ | Efficiency Ratio (%) | 54.1% | 58.5% | 62.9% | 62.9% | 63.6% | 62.3% | 61.2% | 60.6% |
| █▅▃▄▄▃▁▁ | Cost of Funds (%) | 1.45% | 1.32% | 1.24% | 1.26% | 1.26% | 1.23% | 1.15% | 1.12% |
| ▃▂▁▁▆▆██ | NPA / Assets (%) | 0.29% | 0.24% | 0.19% | 0.15% | 0.50% | 0.50% | 0.66% | 0.64% |
| ▂▁▁▁▆▆██ | Net Charge-Off Ratio (%) | 0.39% | 0.29% | 0.27% | 0.20% | 0.77% | 0.76% | 1.01% | 1.01% |
| ▁▁▃▄▆███ | Tang. Book Value ($M) | $120 | $116 | $124 | $127 | $136 | $141 | $142 | $144 |
| ▁▃▁▁▃███ | Gross Loans ($M) | $1,012 | $1,032 | $1,013 | $1,013 | $1,030 | $1,079 | $1,077 | $1,076 |
| ▁▁▄▂▃▆▆█ | Total Deposits ($M) | $1,332 | $1,344 | $1,375 | $1,348 | $1,368 | $1,405 | $1,413 | $1,440 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 15% |
| Agricultural | 7% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 8% |