Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.11% | -0.01 | 1.12% |
| Return on Equity (%) | ▼ | 9.91% | -0.57 | 10.48% |
| Net Interest Margin (%) | ▲ | 4.21% | +0.24 | 3.97% |
| Efficiency Ratio (%) | ▼ | 60.90% | +2.16 | 58.74% |
| Pre-Provision Profit ($M) | ▲ | $15 | +1.73 | $13 |
| Cost of Funds (%) | ▲ | 1.92% | -0.28 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,069 | +219.90 | $2,849 |
| Gross Loans ($M) | ▲ | $2,204 | +184.70 | $2,020 |
| Loan Growth YoY (%) | ▼ | 82.07% | -2.08 | 84.16% |
| Total Deposits ($M) | ▲ | $2,648 | +279.10 | $2,369 |
| Shareholders Equity ($M) | ▲ | $341 | +25.76 | $316 |
| Tang. Book Value ($M) | ▲ | $302 | +28.15 | $274 |
| TBV excl. AOCI ($M)** | ▲ | $329 | +26.59 | $302 |
| Loan / Deposit Ratio (%) | ▼ | 82.07% | -2.08 | 84.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.65% | +0.05 | 1.60% |
| Allowance / Loans (%) | — | 1.40% | 0.12% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 2.01% | +0.15 | 1.86% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($5.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▆▇▇▇█ | Net Interest Margin (%) | 3.24% | 3.43% | 3.85% | 3.97% | 4.01% | 4.04% | 4.09% | 4.21% |
| ▁▂▇███▃█ | Return on Assets (%) | 0.84% | 0.88% | 1.08% | 1.12% | 1.10% | 1.10% | 0.91% | 1.11% |
| █▇▁▁▂▂▇▃ | Efficiency Ratio (%) | 66.4% | 65.4% | 59.6% | 58.7% | 60.1% | 60.4% | 65.1% | 60.9% |
| ██▅▄▃▄▁▁ | Cost of Funds (%) | 2.43% | 2.49% | 2.22% | 2.20% | 2.09% | 2.16% | 1.92% | 1.92% |
| ▁▁▅▆▅█▅▆ | NPA / Assets (%) | 1.11% | 1.15% | 1.55% | 1.60% | 1.53% | 1.89% | 1.55% | 1.65% |
| ▁▁▅▄▄█▅▆ | Net Charge-Off Ratio (%) | 1.49% | 1.50% | 1.92% | 1.86% | 1.84% | 2.32% | 1.92% | 2.01% |
| ▁▁▃▄▅▇▇█ | Tang. Book Value ($M) | $257 | $254 | $267 | $274 | $283 | $291 | $294 | $302 |
| ▁▂▂▂▃▄▅█ | Gross Loans ($M) | $1,962 | $2,015 | $2,002 | $2,020 | $2,044 | $2,056 | $2,101 | $2,204 |
| ▁▁▃▃▄▆██ | Total Deposits ($M) | $2,264 | $2,309 | $2,388 | $2,369 | $2,429 | $2,552 | $2,650 | $2,648 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 12% |
| Agricultural | 2% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 19% |