Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.76% | +0.39 | 1.37% |
| Return on Equity (%) | ▲ | 15.58% | +1.65 | 13.93% |
| Net Interest Margin (%) | ▲ | 4.22% | +0.59 | 3.63% |
| Efficiency Ratio (%) | ▲ | 45.84% | -3.39 | 49.23% |
| Pre-Provision Profit ($M) | ▲ | $16 | +1.87 | $14 |
| Cost of Funds (%) | ▲ | 1.82% | -0.20 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,738 | +100.30 | $2,638 |
| Gross Loans ($M) | ▲ | $1,924 | +84.99 | $1,839 |
| Loan Growth YoY (%) | ▼ | 79.34% | -0.98 | 80.31% |
| Total Deposits ($M) | ▲ | $2,396 | +133.57 | $2,262 |
| Shareholders Equity ($M) | ▲ | $312 | +47.52 | $265 |
| Tang. Book Value ($M) | ▲ | $306 | +48.26 | $258 |
| TBV excl. AOCI ($M)** | ▲ | $330 | +44.27 | $286 |
| Loan / Deposit Ratio (%) | ▼ | 79.34% | -0.98 | 80.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.33% | +0.02 | 0.31% |
| Allowance / Loans (%) | — | 1.22% | 0.01% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.47% | +0.02 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($4.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▇██ | Net Interest Margin (%) | 2.91% | 3.04% | 3.50% | 3.63% | 3.78% | 3.94% | 4.22% | 4.22% |
| ▁▂▄▅▆▆██ | Return on Assets (%) | 0.89% | 1.01% | 1.24% | 1.37% | 1.50% | 1.49% | 1.82% | 1.76% |
| █▇▅▃▃▃▁▁ | Efficiency Ratio (%) | 60.7% | 58.7% | 53.2% | 49.2% | 49.4% | 50.1% | 44.3% | 45.8% |
| ██▆▆▅▁▁▂ | Cost of Funds (%) | 2.18% | 2.20% | 2.05% | 2.02% | 2.00% | 1.76% | 1.72% | 1.82% |
| ▂▃▁▁██▆▂ | NPA / Assets (%) | 0.33% | 0.34% | 0.32% | 0.31% | 0.42% | 0.42% | 0.39% | 0.33% |
| ▅▄▂▁█▇▇▂ | Net Charge-Off Ratio (%) | 0.51% | 0.49% | 0.46% | 0.44% | 0.57% | 0.55% | 0.55% | 0.47% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $231 | $234 | $245 | $258 | $273 | $286 | $296 | $306 |
| ▁▂▄▆▆▇██ | Gross Loans ($M) | $1,653 | $1,716 | $1,782 | $1,839 | $1,825 | $1,882 | $1,916 | $1,924 |
| ▁▁▂▅▄▆▇█ | Total Deposits ($M) | $2,098 | $2,112 | $2,153 | $2,262 | $2,234 | $2,286 | $2,341 | $2,396 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 10% |
| Agricultural | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 12% |