Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.96% | +0.28 | 0.67% |
| Return on Equity (%) | ▲ | 9.27% | +2.24 | 7.03% |
| Net Interest Margin (%) | ▲ | 3.59% | +0.50 | 3.10% |
| Efficiency Ratio (%) | ▲ | 70.47% | -5.02 | 75.49% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.78 | $6 |
| Cost of Funds (%) | ▲ | 2.01% | -0.29 | 2.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,291 | +118.49 | $2,172 |
| Gross Loans ($M) | ▲ | $1,999 | +104.81 | $1,894 |
| Loan Growth YoY (%) | ▲ | 105.59% | +2.37 | 103.22% |
| Total Deposits ($M) | ▲ | $1,874 | +58.01 | $1,816 |
| Shareholders Equity ($M) | ▲ | $237 | +13.57 | $224 |
| Tang. Book Value ($M) | ▲ | $219 | +13.54 | $205 |
| TBV excl. AOCI ($M)** | ▲ | $227 | +14.45 | $212 |
| Loan / Deposit Ratio (%) | ▲ | 105.59% | +2.37 | 103.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.19 | 0.09% |
| Allowance / Loans (%) | — | 0.99% | -0.03% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.32% | +0.22 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.60% | +0.14 | 10.46% |
Noninterest income ($4.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆██ | Net Interest Margin (%) | 2.70% | 2.74% | 2.94% | 3.10% | 3.21% | 3.29% | 3.53% | 3.59% |
| ▁▁▂▃▅▆▆█ | Return on Assets (%) | 0.54% | 0.51% | 0.57% | 0.67% | 0.77% | 0.79% | 0.83% | 0.96% |
| ▇██▅▃▃▅▁ | Efficiency Ratio (%) | 77.5% | 78.9% | 78.3% | 75.5% | 73.3% | 73.1% | 75.3% | 70.5% |
| █▇▅▄▄▂▁▁ | Cost of Funds (%) | 2.73% | 2.57% | 2.37% | 2.30% | 2.29% | 2.14% | 2.00% | 2.01% |
| ▁▁▁▂▁▁██ | NPA / Assets (%) | 0.05% | 0.04% | 0.05% | 0.09% | 0.06% | 0.05% | 0.30% | 0.28% |
| ▁▁▁▂▁▁██ | Net Charge-Off Ratio (%) | 0.03% | 0.04% | 0.06% | 0.11% | 0.07% | 0.06% | 0.35% | 0.32% |
| ▁▁▁▅▆▇██ | Tang. Book Value ($M) | $188 | $184 | $184 | $205 | $209 | $213 | $215 | $219 |
| ▄▂▁▁▃▆▇█ | Gross Loans ($M) | $1,931 | $1,906 | $1,887 | $1,894 | $1,925 | $1,959 | $1,975 | $1,999 |
| ▁▂▄▁██▇▅ | Total Deposits ($M) | $1,824 | $1,837 | $1,859 | $1,816 | $1,909 | $1,901 | $1,887 | $1,874 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 16% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 14% |