Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.66% | +0.52 | 1.15% |
| Return on Equity (%) | ▲ | 14.42% | +4.49 | 9.93% |
| Net Interest Margin (%) | ▼ | 4.65% | -0.46 | 5.11% |
| Efficiency Ratio (%) | ▲ | 56.20% | -15.27 | 71.47% |
| Pre-Provision Profit ($M) | ▲ | $9 | +3.52 | $6 |
| Cost of Funds (%) | ▲ | 1.45% | -0.75 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,682 | +105.43 | $1,576 |
| Gross Loans ($M) | ▲ | $1,196 | +27.67 | $1,168 |
| Loan Growth YoY (%) | ▼ | 83.10% | -3.40 | 86.50% |
| Total Deposits ($M) | ▲ | $1,420 | +82.41 | $1,337 |
| Shareholders Equity ($M) | ▲ | $196 | +21.97 | $174 |
| Tang. Book Value ($M) | ▲ | $163 | +18.05 | $145 |
| TBV excl. AOCI ($M)** | ▲ | $170 | +17.40 | $153 |
| Loan / Deposit Ratio (%) | ▼ | 83.10% | -3.40 | 86.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.21 | 0.47% |
| Allowance / Loans (%) | — | 1.31% | 0.36% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 0.09% | +0.05 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -12.43 | 12.43% |
Noninterest income ($3.16M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁█▇▄▄▅ | Net Interest Margin (%) | 4.10% | 4.14% | 4.20% | 5.11% | 4.92% | 4.54% | 4.56% | 4.65% |
| ▃▃▁▁▁▂██ | Return on Assets (%) | 1.28% | 1.32% | 1.17% | 1.15% | 1.18% | 1.25% | 1.61% | 1.66% |
| ▃▃▆█▇▄▁▁ | Efficiency Ratio (%) | 60.6% | 60.5% | 66.0% | 71.5% | 69.2% | 63.8% | 56.9% | 56.2% |
| ▆▅▅█▅▁▃▃ | Cost of Funds (%) | 1.79% | 1.73% | 1.64% | 2.19% | 1.70% | 1.04% | 1.39% | 1.45% |
| ▁██▆▆▅▆▃ | NPA / Assets (%) | 0.07% | 0.67% | 0.68% | 0.47% | 0.45% | 0.44% | 0.52% | 0.26% |
| ▁██▁▁▁▂▁ | Net Charge-Off Ratio (%) | 0.11% | 0.99% | 0.98% | 0.04% | 0.04% | 0.03% | 0.17% | 0.09% |
| ▁▁▁▂▄▆▆█ | Tang. Book Value ($M) | $140 | $142 | $142 | $145 | $150 | $155 | $155 | $163 |
| ▁▁▁█▇███ | Gross Loans ($M) | $894 | $883 | $886 | $1,168 | $1,154 | $1,188 | $1,175 | $1,196 |
| ▁▁▁▇█▇██ | Total Deposits ($M) | $1,092 | $1,079 | $1,072 | $1,337 | $1,383 | $1,370 | $1,422 | $1,420 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 8% |