Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.98% | -0.41 | 1.39% |
| Return on Equity (%) | ▼ | 5.90% | -2.37 | 8.27% |
| Net Interest Margin (%) | ▼ | 9.28% | -0.71 | 9.99% |
| Efficiency Ratio (%) | ▼ | 72.58% | +2.95 | 69.63% |
| Pre-Provision Profit ($M) | ▼ | $11 | -1.12 | $12 |
| Cost of Funds (%) | ▲ | 3.14% | -0.24 | 3.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,404 | +96.61 | $1,308 |
| Gross Loans ($M) | ▲ | $987 | +27.94 | $959 |
| Loan Growth YoY (%) | ▼ | 88.70% | -5.82 | 94.52% |
| Total Deposits ($M) | ▲ | $1,093 | +98.34 | $995 |
| Shareholders Equity ($M) | ▲ | $228 | +3.69 | $224 |
| Tang. Book Value ($M) | ▲ | $228 | +4.61 | $223 |
| TBV excl. AOCI ($M)** | ▲ | $233 | +4.59 | $229 |
| Loan / Deposit Ratio (%) | ▼ | 88.70% | -5.82 | 94.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.15% | -0.14 | 1.29% |
| Allowance / Loans (%) | — | 1.77% | -0.19% | 1.96% |
| Net Charge-Off Ratio (%) | ▼ | 1.51% | +0.22 | 1.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 21.06% | -0.09 | 21.14% |
Noninterest income ($13.00M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▄▅▅▄▁▁ | Net Interest Margin (%) | 10.60% | 10.54% | 9.92% | 9.99% | 9.98% | 9.84% | 9.44% | 9.28% |
| █▅▃▂▂▁▁▁ | Return on Assets (%) | 2.87% | 2.12% | 1.51% | 1.39% | 1.38% | 1.19% | 1.05% | 0.98% |
| ▁▄▅▅▆█▆▇ | Efficiency Ratio (%) | 61.1% | 67.1% | 68.7% | 69.6% | 71.6% | 75.6% | 71.7% | 72.6% |
| █▇▃▆█▄▃▁ | Cost of Funds (%) | 3.49% | 3.44% | 3.28% | 3.38% | 3.50% | 3.31% | 3.28% | 3.14% |
| ██▅▅▄█▁▁ | NPA / Assets (%) | 1.39% | 1.37% | 1.28% | 1.29% | 1.23% | 1.38% | 1.13% | 1.15% |
| ██▅▂▁▇▄▇ | Net Charge-Off Ratio (%) | 1.61% | 1.56% | 1.40% | 1.29% | 1.19% | 1.51% | 1.36% | 1.51% |
| ▃▁▄▅▆▇██ | Tang. Book Value ($M) | $220 | $218 | $222 | $223 | $224 | $225 | $227 | $228 |
| ▃▂▁▄▇▅▆█ | Gross Loans ($M) | $947 | $939 | $932 | $959 | $979 | $964 | $970 | $987 |
| ▁▁▃▁▂▄▃█ | Total Deposits ($M) | $993 | $997 | $1,028 | $995 | $1,015 | $1,040 | $1,023 | $1,093 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 28% |
| C&I / Commercial | 3% |
| Agricultural | 1% |
| Consumer | 36% |
| Other | 32% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 21% |
| Brokered / Other | 77% |