Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.45% | -0.11 | 1.56% |
| Return on Equity (%) | ▼ | 19.62% | -4.32 | 23.94% |
| Net Interest Margin (%) | ▲ | 3.09% | +0.29 | 2.80% |
| Efficiency Ratio (%) | ▼ | 54.00% | +3.11 | 50.89% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.66 | $8 |
| Cost of Funds (%) | ▲ | 1.87% | -0.25 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,243 | +156.67 | $2,086 |
| Gross Loans ($M) | ▲ | $1,406 | +142.01 | $1,264 |
| Loan Growth YoY (%) | ▲ | 67.86% | +2.44 | 65.43% |
| Total Deposits ($M) | ▲ | $2,043 | +139.16 | $1,904 |
| Shareholders Equity ($M) | ▲ | $165 | +25.20 | $140 |
| Tang. Book Value ($M) | ▲ | $162 | +25.47 | $137 |
| TBV excl. AOCI ($M)** | ▲ | $190 | +24.46 | $165 |
| Loan / Deposit Ratio (%) | ▲ | 67.86% | +2.44 | 65.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.02 | 0.03% |
| Allowance / Loans (%) | — | 1.40% | -0.06% | 1.46% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.01 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.48% | -0.16 | 13.64% |
Noninterest income ($2.53M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆▇█ | Net Interest Margin (%) | 2.42% | 2.48% | 2.69% | 2.80% | 2.85% | 2.91% | 3.00% | 3.09% |
| ▁▁▆██▇█▇ | Return on Assets (%) | 1.00% | 1.01% | 1.38% | 1.56% | 1.53% | 1.47% | 1.50% | 1.45% |
| ██▁▂▃▄▃▄ | Efficiency Ratio (%) | 60.5% | 61.1% | 48.2% | 50.9% | 51.6% | 53.8% | 52.3% | 54.0% |
| █▄▂▃▃▂▁▁ | Cost of Funds (%) | 2.62% | 2.18% | 2.05% | 2.11% | 2.13% | 2.04% | 1.93% | 1.87% |
| ▁▁█▁▁▁▁▁ | NPA / Assets (%) | 0.03% | 0.03% | 0.42% | 0.03% | 0.02% | 0.02% | 0.03% | 0.00% |
| ▁▁█▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.05% | 0.06% | 0.72% | 0.02% | 0.00% | 0.00% | 0.02% | 0.01% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $129 | $127 | $135 | $137 | $145 | $152 | $157 | $162 |
| ▁▁▂▃▄▄▅█ | Gross Loans ($M) | $1,202 | $1,205 | $1,228 | $1,264 | $1,288 | $1,296 | $1,304 | $1,406 |
| ▁▄▃▃▂▅▃█ | Total Deposits ($M) | $1,840 | $1,933 | $1,913 | $1,904 | $1,887 | $1,962 | $1,907 | $2,043 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 26% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 8% |