Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.62 | 0.69% |
| Return on Equity (%) | ▲ | 14.71% | +6.60 | 8.11% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.49 | 3.51% |
| Efficiency Ratio (%) | ▲ | 63.05% | -12.39 | 75.44% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.79 | $3 |
| Cost of Funds (%) | ▲ | 1.92% | -0.14 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,060 | +50.14 | $1,009 |
| Gross Loans ($M) | ▲ | $902 | +48.29 | $853 |
| Loan Growth YoY (%) | ▲ | 96.28% | +1.98 | 94.29% |
| Total Deposits ($M) | ▲ | $923 | +29.53 | $893 |
| Shareholders Equity ($M) | ▲ | $96 | +10.04 | $86 |
| Tang. Book Value ($M) | ▲ | $89 | +10.34 | $78 |
| TBV excl. AOCI ($M)** | ▲ | $94 | +10.34 | $83 |
| Loan / Deposit Ratio (%) | ▲ | 96.28% | +1.98 | 94.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.03% | -0.21 | 1.24% |
| Allowance / Loans (%) | — | 1.47% | 0.17% | 1.30% |
| Net Charge-Off Ratio (%) | ▲ | 1.07% | -0.28 | 1.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.54% | +0.42 | 10.12% |
Noninterest income ($1.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆▇█ | Net Interest Margin (%) | 3.03% | 3.07% | 3.31% | 3.51% | 3.60% | 3.69% | 3.80% | 4.00% |
| ▂▁▂▄▄▆▇█ | Return on Assets (%) | 0.46% | 0.30% | 0.53% | 0.69% | 0.78% | 0.96% | 1.13% | 1.31% |
| ▇█▆▅▄▃▁▁ | Efficiency Ratio (%) | 81.3% | 85.4% | 79.6% | 75.4% | 73.7% | 70.7% | 65.0% | 63.1% |
| █▇▄▃▃▂▁▁ | Cost of Funds (%) | 2.38% | 2.32% | 2.10% | 2.06% | 2.05% | 1.98% | 1.92% | 1.92% |
| ▂▃▂▂█▇█▁ | NPA / Assets (%) | 1.16% | 1.34% | 1.24% | 1.24% | 1.94% | 1.83% | 1.88% | 1.03% |
| ▃▄▃▃█▇█▁ | Net Charge-Off Ratio (%) | 1.38% | 1.59% | 1.48% | 1.35% | 2.18% | 2.00% | 2.06% | 1.07% |
| ▂▁▂▃▅▇▇█ | Tang. Book Value ($M) | $77 | $74 | $77 | $78 | $82 | $85 | $87 | $89 |
| ▁▁▂▅▇███ | Gross Loans ($M) | $798 | $801 | $824 | $853 | $880 | $902 | $906 | $902 |
| ▁▂▄▅▅▇██ | Total Deposits ($M) | $858 | $866 | $883 | $893 | $894 | $913 | $916 | $923 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 14% |
| Agricultural | 15% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 12% |