Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.24% | +0.19 | 1.05% |
| Return on Equity (%) | ▲ | 11.76% | +1.42 | 10.34% |
| Net Interest Margin (%) | ▲ | 4.26% | +0.16 | 4.10% |
| Efficiency Ratio (%) | ▲ | 60.35% | -3.72 | 64.07% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.00 | $4 |
| Cost of Funds (%) | ▲ | 1.00% | -0.15 | 1.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,138 | +80.64 | $1,057 |
| Gross Loans ($M) | ▲ | $637 | +42.40 | $594 |
| Loan Growth YoY (%) | ▼ | 62.51% | -0.00 | 62.51% |
| Total Deposits ($M) | ▲ | $1,006 | +66.43 | $940 |
| Shareholders Equity ($M) | ▲ | $122 | +12.69 | $109 |
| Tang. Book Value ($M) | ▲ | $103 | +10.98 | $92 |
| TBV excl. AOCI ($M)** | ▲ | $117 | +12.71 | $104 |
| Loan / Deposit Ratio (%) | ▼ | 62.51% | -0.00 | 62.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.05 | 0.22% |
| Allowance / Loans (%) | — | 1.25% | 0.06% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.06 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.33% | +0.75 | 16.58% |
Noninterest income ($2.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▆█▇█ | Net Interest Margin (%) | 3.96% | 4.00% | 4.04% | 4.10% | 4.18% | 4.22% | 4.20% | 4.26% |
| ▄▅▁▂▅▅▆█ | Return on Assets (%) | 1.12% | 1.12% | 0.99% | 1.05% | 1.12% | 1.13% | 1.17% | 1.24% |
| ▇█▇▇▆█▁▁ | Efficiency Ratio (%) | 64.1% | 64.9% | 63.9% | 64.1% | 63.3% | 64.5% | 60.9% | 60.3% |
| ██▇▄▄▁▁▁ | Cost of Funds (%) | 1.34% | 1.34% | 1.26% | 1.15% | 1.16% | 1.01% | 1.00% | 1.00% |
| █▃▆▇▃▁▄▄ | NPA / Assets (%) | 0.25% | 0.17% | 0.21% | 0.22% | 0.16% | 0.12% | 0.17% | 0.17% |
| █▃▆▆▂▁▅▄ | Net Charge-Off Ratio (%) | 0.31% | 0.13% | 0.22% | 0.23% | 0.10% | 0.06% | 0.19% | 0.18% |
| ▂▁▃▄▇▇██ | Tang. Book Value ($M) | $88 | $84 | $89 | $92 | $99 | $99 | $101 | $103 |
| ▁▁▃▃▄▇██ | Gross Loans ($M) | $571 | $576 | $589 | $594 | $604 | $628 | $629 | $637 |
| ▁▁▂▃▁▅█▇ | Total Deposits ($M) | $905 | $919 | $936 | $940 | $916 | $978 | $1,035 | $1,006 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 2% |