Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.28 | 0.89% |
| Return on Equity (%) | ▲ | 10.88% | +1.96 | 8.92% |
| Net Interest Margin (%) | ▲ | 3.78% | +0.46 | 3.32% |
| Efficiency Ratio (%) | ▲ | 63.43% | -6.48 | 69.91% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.60 | $5 |
| Cost of Funds (%) | ▲ | 1.79% | -0.20 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,559 | -1.14 | $1,560 |
| Gross Loans ($M) | ▼ | $1,288 | -13.46 | $1,301 |
| Loan Growth YoY (%) | ▼ | 98.06% | -3.28 | 101.34% |
| Total Deposits ($M) | ▲ | $1,298 | +28.60 | $1,269 |
| Shareholders Equity ($M) | ▲ | $172 | +15.35 | $157 |
| Tang. Book Value ($M) | ▲ | $163 | +15.48 | $147 |
| TBV excl. AOCI ($M)** | ▲ | $170 | +15.45 | $155 |
| Loan / Deposit Ratio (%) | ▼ | 98.06% | -3.28 | 101.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.39% | +0.14 | 0.25% |
| Allowance / Loans (%) | — | 1.15% | 0.02% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 0.47% | +0.18 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.42% | +0.67 | 13.75% |
Noninterest income ($4.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅██ | Net Interest Margin (%) | 2.99% | 3.01% | 3.25% | 3.32% | 3.39% | 3.44% | 3.69% | 3.78% |
| ▁▁▁▃▄▄██ | Return on Assets (%) | 0.75% | 0.73% | 0.72% | 0.89% | 0.94% | 0.96% | 1.21% | 1.16% |
| ██▆▄▄▄▁▁ | Efficiency Ratio (%) | 76.3% | 76.6% | 72.4% | 69.9% | 68.8% | 68.8% | 65.0% | 63.4% |
| █▆▄▃▄▃▁▁ | Cost of Funds (%) | 2.35% | 2.21% | 2.03% | 1.99% | 2.03% | 2.00% | 1.82% | 1.79% |
| ▄▄▄▁█▅█▆ | NPA / Assets (%) | 0.35% | 0.33% | 0.35% | 0.25% | 0.45% | 0.36% | 0.47% | 0.39% |
| ▄▂▄▁█▅█▆ | Net Charge-Off Ratio (%) | 0.40% | 0.33% | 0.40% | 0.29% | 0.54% | 0.43% | 0.55% | 0.47% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $142 | $141 | $145 | $147 | $152 | $156 | $160 | $163 |
| ▁▂▁▅▆█▆▃ | Gross Loans ($M) | $1,274 | $1,285 | $1,278 | $1,301 | $1,313 | $1,328 | $1,312 | $1,288 |
| ▁▄█▃▁██▇ | Total Deposits ($M) | $1,258 | $1,275 | $1,304 | $1,269 | $1,254 | $1,305 | $1,310 | $1,298 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 6% |
| Agricultural | 5% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 12% |