Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.65% | +0.06 | 1.58% |
| Return on Equity (%) | ▼ | 25.50% | -3.97 | 29.47% |
| Net Interest Margin (%) | ▲ | 3.16% | +0.25 | 2.91% |
| Efficiency Ratio (%) | ▼ | 59.76% | +4.48 | 55.28% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.31 | $4 |
| Cost of Funds (%) | ▲ | 1.46% | -0.29 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $853 | -0.94 | $854 |
| Gross Loans ($M) | ▼ | $384 | -23.88 | $408 |
| Loan Growth YoY (%) | ▼ | 49.07% | -2.52 | 51.59% |
| Total Deposits ($M) | ▼ | $773 | -8.80 | $781 |
| Shareholders Equity ($M) | ▲ | $59 | +9.36 | $49 |
| Tang. Book Value ($M) | ▲ | $45 | +9.43 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $62 | +10.33 | $52 |
| Loan / Deposit Ratio (%) | ▼ | 49.07% | -2.52 | 51.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.66% | -0.07 | 0.73% |
| Allowance / Loans (%) | — | 1.27% | 0.11% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 1.47% | -0.05 | 1.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.29% | -0.28 | 15.57% |
Noninterest income ($3.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▇▇▆█ | Net Interest Margin (%) | 2.62% | 2.66% | 2.89% | 2.91% | 3.07% | 3.08% | 2.99% | 3.16% |
| ▁▂▅▇██▅█ | Return on Assets (%) | 1.26% | 1.34% | 1.46% | 1.58% | 1.61% | 1.61% | 1.45% | 1.65% |
| █▇▁▂▃▄█▇ | Efficiency Ratio (%) | 61.1% | 59.7% | 54.2% | 55.3% | 56.6% | 56.9% | 61.3% | 59.8% |
| █▆▅▄▄▂▁▁ | Cost of Funds (%) | 2.06% | 1.91% | 1.77% | 1.75% | 1.71% | 1.55% | 1.48% | 1.46% |
| ██▇▇▁▁▁▅ | NPA / Assets (%) | 0.78% | 0.76% | 0.74% | 0.73% | 0.57% | 0.54% | 0.54% | 0.66% |
| ██▆▆▁▁▂▅ | Net Charge-Off Ratio (%) | 1.68% | 1.62% | 1.53% | 1.52% | 1.17% | 1.15% | 1.23% | 1.47% |
| ▅▁▂▄▇█▇█ | Tang. Book Value ($M) | $38 | $29 | $33 | $35 | $41 | $43 | $42 | $45 |
| ▅▆▇▆██▄▁ | Gross Loans ($M) | $402 | $407 | $412 | $408 | $416 | $417 | $398 | $384 |
| ▁▆▄▃▂██▁ | Total Deposits ($M) | $770 | $796 | $787 | $781 | $777 | $807 | $810 | $773 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 12% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 86% |
| Brokered / Other | 5% |