Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.33% | +0.38 | 0.95% |
| Return on Equity (%) | ▲ | 15.25% | +3.61 | 11.64% |
| Net Interest Margin (%) | ▲ | 4.05% | +0.17 | 3.88% |
| Efficiency Ratio (%) | ▲ | 63.71% | -5.09 | 68.80% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.39 | $4 |
| Cost of Funds (%) | ▲ | 1.49% | -0.12 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $977 | +58.71 | $918 |
| Gross Loans ($M) | ▲ | $606 | +53.98 | $552 |
| Loan Growth YoY (%) | ▲ | 71.39% | +4.54 | 66.85% |
| Total Deposits ($M) | ▲ | $838 | +23.26 | $814 |
| Shareholders Equity ($M) | ▲ | $84 | +6.69 | $78 |
| Tang. Book Value ($M) | ▲ | $80 | +6.69 | $74 |
| TBV excl. AOCI ($M)** | ▲ | $95 | +6.63 | $88 |
| Loan / Deposit Ratio (%) | ▲ | 71.39% | +4.54 | 66.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.42% | -0.09 | 0.52% |
| Allowance / Loans (%) | — | 1.31% | -0.06% | 1.37% |
| Net Charge-Off Ratio (%) | ▲ | 0.55% | -0.29 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.62% | -0.40 | 14.02% |
Noninterest income ($2.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▅▆██ | Net Interest Margin (%) | 3.60% | 3.68% | 3.77% | 3.88% | 3.87% | 3.89% | 4.03% | 4.05% |
| ▂▃▁▃▃▄█▇ | Return on Assets (%) | 0.91% | 0.94% | 0.75% | 0.95% | 0.98% | 1.04% | 1.42% | 1.33% |
| ▅▅█▆▅▅▁▁ | Efficiency Ratio (%) | 68.2% | 67.9% | 72.0% | 68.8% | 68.1% | 67.9% | 63.0% | 63.7% |
| █▄▂▃▄▄▂▁ | Cost of Funds (%) | 1.91% | 1.67% | 1.59% | 1.62% | 1.68% | 1.68% | 1.56% | 1.49% |
| ▃▁▁██▆▂▅ | NPA / Assets (%) | 0.37% | 0.30% | 0.30% | 0.52% | 0.54% | 0.45% | 0.33% | 0.42% |
| ▃▁▁▇█▄▁▂ | Net Charge-Off Ratio (%) | 0.63% | 0.49% | 0.51% | 0.84% | 0.90% | 0.66% | 0.47% | 0.55% |
| ▃▁▃▅▇▆▆█ | Tang. Book Value ($M) | $71 | $66 | $70 | $74 | $78 | $76 | $77 | $80 |
| ▁▁▂▄▅▄▅█ | Gross Loans ($M) | $516 | $516 | $535 | $552 | $562 | $550 | $565 | $606 |
| ▃▂█▄▃▁█▇ | Total Deposits ($M) | $803 | $799 | $848 | $814 | $808 | $785 | $847 | $838 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 6% |