Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.58% | +0.05 | 1.54% |
| Return on Equity (%) | ▲ | 14.35% | +0.95 | 13.40% |
| Net Interest Margin (%) | ▼ | 4.93% | -0.37 | 5.30% |
| Efficiency Ratio (%) | ▲ | 57.72% | -2.78 | 60.50% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.37 | $6 |
| Cost of Funds (%) | ▲ | 1.67% | -0.03 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,239 | +130.55 | $1,109 |
| Gross Loans ($M) | ▼ | $847 | -4.65 | $852 |
| Loan Growth YoY (%) | ▼ | 76.87% | -9.82 | 86.69% |
| Total Deposits ($M) | ▲ | $1,091 | +117.70 | $974 |
| Shareholders Equity ($M) | ▲ | $136 | +9.67 | $126 |
| Tang. Book Value ($M) | ▲ | $103 | +11.19 | $92 |
| TBV excl. AOCI ($M)** | ▲ | $107 | +11.27 | $96 |
| Loan / Deposit Ratio (%) | ▼ | 76.87% | -9.82 | 86.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.62% | +0.15 | 0.48% |
| Allowance / Loans (%) | — | 0.99% | 0.07% | 0.92% |
| Net Charge-Off Ratio (%) | ▼ | 0.68% | +0.17 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.64% | +1.04 | 11.61% |
Noninterest income ($2.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▆▇██▄▃ | Net Interest Margin (%) | 4.70% | 4.88% | 5.19% | 5.30% | 5.37% | 5.40% | 5.02% | 4.93% |
| ▁▁▃▂▃█▃▃ | Return on Assets (%) | 1.33% | 1.36% | 1.66% | 1.54% | 1.67% | 2.29% | 1.63% | 1.58% |
| ██▆▇▆▁▅▆ | Efficiency Ratio (%) | 64.1% | 65.1% | 59.6% | 60.5% | 59.3% | 44.7% | 55.3% | 57.7% |
| ██▃▂▂▁▁▂ | Cost of Funds (%) | 2.26% | 2.18% | 1.73% | 1.70% | 1.73% | 1.62% | 1.55% | 1.67% |
| ▁▁▅▄▆▇▇█ | NPA / Assets (%) | 0.38% | 0.40% | 0.50% | 0.48% | 0.55% | 0.59% | 0.57% | 0.62% |
| ▁▁▄▆▆▆▇█ | Net Charge-Off Ratio (%) | 0.13% | 0.13% | 0.40% | 0.50% | 0.49% | 0.48% | 0.58% | 0.68% |
| ▁▁▂▃▅▄██ | Tang. Book Value ($M) | $89 | $87 | $90 | $92 | $96 | $95 | $101 | $103 |
| ▁▁▂▃▅█▇▃ | Gross Loans ($M) | $834 | $832 | $841 | $852 | $867 | $892 | $878 | $847 |
| ▃▁▅▄▄▄██ | Total Deposits ($M) | $933 | $869 | $996 | $974 | $960 | $962 | $1,108 | $1,091 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 21% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 9% |