Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.51% | +0.32 | 1.18% |
| Return on Equity (%) | ▲ | 14.04% | +2.34 | 11.70% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.53 | 2.96% |
| Efficiency Ratio (%) | ▲ | 45.11% | -5.32 | 50.43% |
| Pre-Provision Profit ($M) | ▲ | $9 | +1.82 | $7 |
| Cost of Funds (%) | ▲ | 2.34% | -0.26 | 2.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,448 | -40.50 | $1,488 |
| Gross Loans ($M) | ▼ | $1,355 | -16.61 | $1,371 |
| Loan Growth YoY (%) | ▲ | 109.70% | +0.56 | 109.13% |
| Total Deposits ($M) | ▼ | $1,218 | -22.95 | $1,241 |
| Shareholders Equity ($M) | ▲ | $159 | +8.87 | $150 |
| Tang. Book Value ($M) | ▲ | $154 | +8.86 | $145 |
| TBV excl. AOCI ($M)** | ▲ | $155 | +8.47 | $147 |
| Loan / Deposit Ratio (%) | ▲ | 109.70% | +0.56 | 109.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.60% | -1.09 | 1.69% |
| Allowance / Loans (%) | — | 1.35% | 0.13% | 1.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.65% | -1.15 | 1.80% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.78% | +0.82 | 10.96% |
Noninterest income ($2.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▇█ | Net Interest Margin (%) | 2.67% | 2.69% | 2.85% | 2.96% | 3.06% | 3.09% | 3.29% | 3.49% |
| ▂▁▁▂▃▃▆█ | Return on Assets (%) | 1.15% | 1.09% | 1.12% | 1.18% | 1.20% | 1.20% | 1.37% | 1.51% |
| ██▇▅▄▃▁▁ | Efficiency Ratio (%) | 55.6% | 54.8% | 53.7% | 50.4% | 49.2% | 47.8% | 46.0% | 45.1% |
| █▇▅▄▄▃▁▁ | Cost of Funds (%) | 2.97% | 2.85% | 2.69% | 2.60% | 2.63% | 2.53% | 2.35% | 2.34% |
| ▆▆█▇▅▂▂▁ | NPA / Assets (%) | 1.44% | 1.55% | 1.88% | 1.69% | 1.36% | 0.81% | 0.89% | 0.60% |
| ▆▇█▇▅▂▂▁ | Net Charge-Off Ratio (%) | 1.53% | 1.74% | 2.04% | 1.80% | 1.47% | 0.90% | 0.95% | 0.65% |
| ▁▂▃▃▅▇▇█ | Tang. Book Value ($M) | $141 | $142 | $144 | $145 | $147 | $152 | $151 | $154 |
| ▁▂▄██▇▇▆ | Gross Loans ($M) | $1,305 | $1,320 | $1,337 | $1,371 | $1,369 | $1,360 | $1,362 | $1,355 |
| ▁▄▁▄▂█▄▂ | Total Deposits ($M) | $1,193 | $1,246 | $1,199 | $1,241 | $1,213 | $1,304 | $1,245 | $1,218 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 18% |
| Agricultural | 25% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 15% |