Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.54 | 0.80% |
| Return on Equity (%) | ▲ | 12.66% | +5.08 | 7.58% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.37 | 3.26% |
| Efficiency Ratio (%) | ▲ | 84.16% | -5.80 | 89.96% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.50 | $5 |
| Cost of Funds (%) | ▲ | 2.46% | -0.32 | 2.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,299 | +46.11 | $1,253 |
| Gross Loans ($M) | ▲ | $1,084 | +56.37 | $1,028 |
| Loan Growth YoY (%) | ▼ | 99.58% | -0.55 | 100.13% |
| Total Deposits ($M) | ▲ | $1,078 | +62.26 | $1,016 |
| Shareholders Equity ($M) | ▲ | $140 | +6.22 | $134 |
| Tang. Book Value ($M) | ▲ | $110 | +9.41 | $101 |
| TBV excl. AOCI ($M)** | ▲ | $114 | +9.84 | $105 |
| Loan / Deposit Ratio (%) | ▼ | 99.58% | -0.55 | 100.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.09% | -0.33 | 1.41% |
| Allowance / Loans (%) | — | 0.97% | -0.06% | 1.02% |
| Net Charge-Off Ratio (%) | ▲ | 1.22% | -0.27 | 1.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($18.50M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▅▅█ | Net Interest Margin (%) | 3.06% | 3.07% | 3.21% | 3.26% | 3.31% | 3.38% | 3.41% | 3.63% |
| ▃▃▁▄▅▆█▇ | Return on Assets (%) | 0.55% | 0.62% | 0.19% | 0.80% | 1.03% | 1.14% | 1.59% | 1.34% |
| ▆▅█▄▃▂▁▁ | Efficiency Ratio (%) | 92.3% | 91.5% | 97.8% | 90.0% | 87.3% | 85.5% | 82.5% | 84.2% |
| █▇▅▆▄▅▁▃ | Cost of Funds (%) | 3.03% | 2.88% | 2.67% | 2.77% | 2.56% | 2.63% | 2.21% | 2.46% |
| ▃▁▆█▄▃▄▂ | NPA / Assets (%) | 1.15% | 0.99% | 1.26% | 1.41% | 1.18% | 1.10% | 1.19% | 1.09% |
| ▆▁▇█▃▂▄▄ | Net Charge-Off Ratio (%) | 1.33% | 1.05% | 1.39% | 1.49% | 1.21% | 1.11% | 1.24% | 1.22% |
| ▂▁▂▃▆▇██ | Tang. Book Value ($M) | $99 | $95 | $97 | $101 | $105 | $108 | $109 | $110 |
| ▂▃▁▁▆▆█▆ | Gross Loans ($M) | $1,039 | $1,044 | $1,016 | $1,028 | $1,086 | $1,090 | $1,114 | $1,084 |
| ▃▂▁▃▅▆██ | Total Deposits ($M) | $1,014 | $1,007 | $990 | $1,016 | $1,044 | $1,050 | $1,069 | $1,078 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 6% |
| Agricultural | 13% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 19% |