Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.07% | +0.06 | 1.01% |
| Return on Equity (%) | ▲ | 9.60% | +0.31 | 9.29% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.32 | 3.69% |
| Efficiency Ratio (%) | ▼ | 63.94% | +0.37 | 63.56% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.02 | $8 |
| Cost of Funds (%) | ▲ | 1.84% | -0.03 | 1.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,015 | +119.82 | $1,895 |
| Gross Loans ($M) | ▲ | $1,432 | +79.32 | $1,353 |
| Loan Growth YoY (%) | ▼ | 82.25% | -4.22 | 86.47% |
| Total Deposits ($M) | ▲ | $1,719 | +172.93 | $1,546 |
| Shareholders Equity ($M) | ▲ | $225 | +19.79 | $206 |
| Tang. Book Value ($M) | ▲ | $174 | +20.36 | $154 |
| TBV excl. AOCI ($M)** | ▲ | $193 | +22.65 | $171 |
| Loan / Deposit Ratio (%) | ▼ | 82.25% | -4.22 | 86.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.29% | +0.08 | 0.21% |
| Allowance / Loans (%) | — | 1.29% | 0.09% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 0.39% | +0.12 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▆▆▆██ | Net Interest Margin (%) | 3.15% | 3.27% | 3.64% | 3.69% | 3.74% | 3.79% | 3.96% | 4.01% |
| ▁▁▅▇▇▇██ | Return on Assets (%) | 0.76% | 0.77% | 0.93% | 1.01% | 1.02% | 1.02% | 1.05% | 1.07% |
| ██▂▁▁▁▁▁ | Efficiency Ratio (%) | 71.4% | 70.8% | 64.8% | 63.6% | 64.0% | 63.9% | 64.4% | 63.9% |
| █▄▂▃▇▄▁▂ | Cost of Funds (%) | 2.08% | 1.91% | 1.84% | 1.86% | 2.04% | 1.93% | 1.78% | 1.84% |
| ▅▄▂▂▁▆█▅ | NPA / Assets (%) | 0.29% | 0.28% | 0.23% | 0.21% | 0.18% | 0.33% | 0.39% | 0.29% |
| ▄▃▃▂▁▇█▅ | Net Charge-Off Ratio (%) | 0.34% | 0.32% | 0.31% | 0.27% | 0.23% | 0.47% | 0.53% | 0.39% |
| ▂▁▂▃▅▆▇█ | Tang. Book Value ($M) | $150 | $146 | $150 | $154 | $162 | $167 | $170 | $174 |
| ▁▁▂▄▅▆▆█ | Gross Loans ($M) | $1,283 | $1,290 | $1,313 | $1,353 | $1,373 | $1,381 | $1,394 | $1,432 |
| ▁▁▃▃▅▅██ | Total Deposits ($M) | $1,488 | $1,513 | $1,561 | $1,546 | $1,631 | $1,618 | $1,707 | $1,719 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 12% |
| Agricultural | 12% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 12% |