Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.96% | +0.28 | 0.68% |
| Return on Equity (%) | ▲ | 8.86% | +2.45 | 6.41% |
| Net Interest Margin (%) | ▲ | 3.92% | +0.48 | 3.44% |
| Efficiency Ratio (%) | ▲ | 65.18% | -5.42 | 70.60% |
| Pre-Provision Profit ($M) | ▲ | $9 | +2.43 | $7 |
| Cost of Funds (%) | ▲ | 2.11% | -0.25 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,386 | +141.54 | $2,245 |
| Gross Loans ($M) | ▲ | $1,918 | +123.59 | $1,794 |
| Loan Growth YoY (%) | ▲ | 96.70% | +2.49 | 94.21% |
| Total Deposits ($M) | ▲ | $1,963 | +80.64 | $1,883 |
| Shareholders Equity ($M) | ▲ | $259 | +19.42 | $239 |
| Tang. Book Value ($M) | ▲ | $213 | +20.59 | $193 |
| TBV excl. AOCI ($M)** | ▲ | $227 | +20.87 | $206 |
| Loan / Deposit Ratio (%) | ▲ | 96.70% | +2.49 | 94.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.75% | +0.14 | 1.61% |
| Allowance / Loans (%) | — | 1.02% | -0.14% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 1.42% | -0.26 | 1.68% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -10.33 | 10.33% |
Noninterest income ($4.83M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▆▆██ | Net Interest Margin (%) | 2.98% | 3.03% | 3.33% | 3.44% | 3.60% | 3.66% | 3.81% | 3.92% |
| ▁▂▃▄▅▆██ | Return on Assets (%) | 0.48% | 0.54% | 0.66% | 0.68% | 0.76% | 0.84% | 0.93% | 0.96% |
| ██▅▅▃▃▁▁ | Efficiency Ratio (%) | 75.6% | 74.3% | 70.9% | 70.6% | 68.5% | 68.0% | 65.0% | 65.2% |
| ██▅▄▃▃▁▁ | Cost of Funds (%) | 2.66% | 2.62% | 2.41% | 2.36% | 2.30% | 2.26% | 2.14% | 2.11% |
| ▁▂▃▃█▅▅▅ | NPA / Assets (%) | 1.45% | 1.59% | 1.64% | 1.61% | 2.05% | 1.78% | 1.79% | 1.75% |
| ▆█▅▅▅▁▁▁ | Net Charge-Off Ratio (%) | 1.78% | 1.90% | 1.70% | 1.68% | 1.72% | 1.43% | 1.44% | 1.42% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $184 | $184 | $189 | $193 | $198 | $204 | $208 | $213 |
| ▂▁▁▂▃▅▆█ | Gross Loans ($M) | $1,791 | $1,782 | $1,768 | $1,794 | $1,824 | $1,844 | $1,874 | $1,918 |
| ▅▆▃▂▁▆██ | Total Deposits ($M) | $1,924 | $1,930 | $1,889 | $1,883 | $1,859 | $1,930 | $1,959 | $1,963 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 16% |
| Agricultural | 9% |
| Consumer | 2% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 16% |