Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.68% | +0.10 | 0.58% |
| Return on Equity (%) | ▲ | 9.58% | +0.31 | 9.27% |
| Net Interest Margin (%) | ▲ | 2.93% | +0.34 | 2.59% |
| Efficiency Ratio (%) | ▼ | 74.79% | +1.36 | 73.43% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.14 | $2 |
| Cost of Funds (%) | ▲ | 1.58% | -0.26 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,224 | +5.03 | $1,219 |
| Gross Loans ($M) | ▼ | $628 | -13.45 | $642 |
| Loan Growth YoY (%) | ▼ | 59.78% | -2.34 | 62.12% |
| Total Deposits ($M) | ▲ | $1,039 | +20.15 | $1,019 |
| Shareholders Equity ($M) | ▲ | $87 | +10.32 | $77 |
| Tang. Book Value ($M) | ▲ | $85 | +10.32 | $74 |
| TBV excl. AOCI ($M)** | ▲ | $107 | +11.71 | $95 |
| Loan / Deposit Ratio (%) | ▼ | 59.78% | -2.34 | 62.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.77% | -0.08 | 0.85% |
| Allowance / Loans (%) | — | 1.13% | -0.23% | 1.36% |
| Net Charge-Off Ratio (%) | ▲ | 1.28% | -0.34 | 1.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.13% | +1.02 | 15.11% |
Noninterest income ($3.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆██ | Net Interest Margin (%) | 2.32% | 2.37% | 2.53% | 2.59% | 2.66% | 2.73% | 2.92% | 2.93% |
| ▁▂▆▅▆▆█▇ | Return on Assets (%) | 0.39% | 0.45% | 0.62% | 0.58% | 0.64% | 0.63% | 0.73% | 0.68% |
| █▅▃▅▁▆▁█ | Efficiency Ratio (%) | 74.8% | 73.4% | 72.8% | 73.4% | 72.1% | 73.8% | 72.0% | 74.8% |
| ██▆▆▇▄▁▁ | Cost of Funds (%) | 1.98% | 1.94% | 1.84% | 1.84% | 1.90% | 1.78% | 1.62% | 1.58% |
| █▇█▇▁▂█▄ | NPA / Assets (%) | 0.88% | 0.87% | 0.91% | 0.85% | 0.65% | 0.69% | 0.88% | 0.77% |
| ████▁▁▅▄ | Net Charge-Off Ratio (%) | 1.66% | 1.63% | 1.71% | 1.62% | 0.87% | 0.95% | 1.36% | 1.28% |
| ▃▁▃▃▇███ | Tang. Book Value ($M) | $74 | $69 | $74 | $74 | $81 | $84 | $85 | $85 |
| ▁▁▁▅█▇▂▁ | Gross Loans ($M) | $630 | $630 | $630 | $642 | $654 | $650 | $632 | $628 |
| ▁▄▅▆████ | Total Deposits ($M) | $974 | $1,000 | $1,011 | $1,019 | $1,034 | $1,039 | $1,038 | $1,039 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 11% |
| Agricultural | 4% |
| Consumer | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 6% |