Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.17% | +0.05 | 1.12% |
| Return on Equity (%) | ▼ | 15.94% | -0.03 | 15.97% |
| Net Interest Margin (%) | ▲ | 4.17% | +0.22 | 3.95% |
| Efficiency Ratio (%) | ▼ | 70.80% | +0.98 | 69.82% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.09 | $3 |
| Cost of Funds (%) | ▲ | 1.90% | -0.06 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $983 | +133.12 | $850 |
| Gross Loans ($M) | ▲ | $647 | +116.40 | $531 |
| Loan Growth YoY (%) | ▲ | 73.62% | +4.79 | 68.83% |
| Total Deposits ($M) | ▲ | $870 | +107.00 | $763 |
| Shareholders Equity ($M) | ▲ | $69 | +6.10 | $63 |
| Tang. Book Value ($M) | ▲ | $64 | +6.76 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +6.56 | $71 |
| Loan / Deposit Ratio (%) | ▲ | 73.62% | +4.79 | 68.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.36% | +0.13 | 0.22% |
| Allowance / Loans (%) | — | 1.08% | -0.03% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 0.54% | +0.23 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.79% | -1.49 | 12.27% |
Noninterest income ($2.10M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▆▇▆█ | Net Interest Margin (%) | 3.75% | 3.81% | 3.86% | 3.95% | 4.01% | 4.08% | 4.03% | 4.17% |
| ▁▃▁▄▅▅█▅ | Return on Assets (%) | 0.99% | 1.05% | 0.96% | 1.12% | 1.16% | 1.13% | 1.30% | 1.17% |
| █▇█▃▄▅▁▅ | Efficiency Ratio (%) | 72.9% | 72.1% | 72.6% | 69.8% | 70.3% | 70.7% | 68.0% | 70.8% |
| ██▆▅▅▃▁▃ | Cost of Funds (%) | 2.12% | 2.11% | 2.03% | 1.96% | 1.97% | 1.89% | 1.78% | 1.90% |
| ▁▁▁▁▁▁█▂ | NPA / Assets (%) | 0.22% | 0.24% | 0.18% | 0.22% | 0.17% | 0.16% | 1.31% | 0.36% |
| ▁▁▁▁▁▁█▂ | Net Charge-Off Ratio (%) | 0.38% | 0.20% | 0.26% | 0.31% | 0.27% | 0.25% | 2.03% | 0.54% |
| ▄▁▃▄████ | Tang. Book Value ($M) | $57 | $51 | $55 | $58 | $64 | $65 | $64 | $64 |
| ▁▁▁▂▃▄▇█ | Gross Loans ($M) | $497 | $492 | $501 | $531 | $536 | $565 | $610 | $647 |
| ▁▂▁▁▁▅▇█ | Total Deposits ($M) | $760 | $778 | $765 | $763 | $771 | $821 | $855 | $870 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 12% |
| Agricultural | 8% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 10% |