Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.63% | +0.03 | 1.60% |
| Return on Equity (%) | ▼ | 15.61% | -0.70 | 16.31% |
| Net Interest Margin (%) | ▲ | 4.53% | +0.14 | 4.39% |
| Efficiency Ratio (%) | ▼ | 58.89% | +0.68 | 58.21% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.00 | $5 |
| Cost of Funds (%) | ▲ | 1.06% | -0.20 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $947 | +20.37 | $926 |
| Gross Loans ($M) | ▲ | $680 | +21.34 | $659 |
| Loan Growth YoY (%) | ▲ | 79.57% | +0.98 | 78.59% |
| Total Deposits ($M) | ▲ | $844 | +16.09 | $828 |
| Shareholders Equity ($M) | ▲ | $100 | +4.90 | $95 |
| Tang. Book Value ($M) | ▲ | $100 | +4.96 | $95 |
| TBV excl. AOCI ($M)** | ▲ | $107 | +6.04 | $101 |
| Loan / Deposit Ratio (%) | ▲ | 79.57% | +0.98 | 78.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.21 | 0.26% |
| Allowance / Loans (%) | — | 1.19% | 0.02% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.24 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.89% | +0.24 | 14.66% |
Noninterest income ($2.53M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▆▇▇█ | Net Interest Margin (%) | 4.15% | 4.20% | 4.29% | 4.39% | 4.41% | 4.45% | 4.45% | 4.53% |
| ▂▁▅▇▅▃██ | Return on Assets (%) | 1.34% | 1.29% | 1.51% | 1.60% | 1.52% | 1.41% | 1.67% | 1.63% |
| ▃▆▁▁▅█▁▂ | Efficiency Ratio (%) | 59.2% | 61.6% | 57.9% | 58.2% | 60.6% | 63.4% | 57.7% | 58.9% |
| █▇▄▄▄▃▁▁ | Cost of Funds (%) | 1.48% | 1.39% | 1.27% | 1.26% | 1.26% | 1.18% | 1.09% | 1.06% |
| █▅▄▃▃▂▁▁ | NPA / Assets (%) | 0.65% | 0.39% | 0.30% | 0.26% | 0.21% | 0.19% | 0.06% | 0.05% |
| █▅▃▃▂▂▁▁ | Net Charge-Off Ratio (%) | 0.87% | 0.48% | 0.35% | 0.31% | 0.25% | 0.23% | 0.08% | 0.07% |
| ▁▁▃▅▆▆▇█ | Tang. Book Value ($M) | $88 | $88 | $91 | $95 | $95 | $96 | $97 | $100 |
| ▁▂▁▂▁▂▄█ | Gross Loans ($M) | $655 | $656 | $652 | $659 | $652 | $659 | $663 | $680 |
| █▅▅▁▃▁▃▅ | Total Deposits ($M) | $857 | $842 | $844 | $828 | $837 | $827 | $837 | $844 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 5% |
| Agricultural | 5% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 88% |
| Brokered / Other | 9% |