Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.17% | +0.45 | 0.72% |
| Return on Equity (%) | ▲ | 13.39% | +4.20 | 9.19% |
| Net Interest Margin (%) | ▲ | 4.13% | +0.46 | 3.66% |
| Efficiency Ratio (%) | ▲ | 63.37% | -6.23 | 69.60% |
| Pre-Provision Profit ($M) | ▲ | $11 | +3.56 | $8 |
| Cost of Funds (%) | ▲ | 1.74% | -0.32 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,532 | +273.59 | $2,258 |
| Gross Loans ($M) | ▲ | $1,698 | +169.38 | $1,529 |
| Loan Growth YoY (%) | ▲ | 75.89% | +0.15 | 75.74% |
| Total Deposits ($M) | ▲ | $2,211 | +216.06 | $1,994 |
| Shareholders Equity ($M) | ▲ | $225 | +46.73 | $178 |
| Tang. Book Value ($M) | ▲ | $197 | +43.66 | $153 |
| TBV excl. AOCI ($M)** | ▲ | $219 | +42.38 | $176 |
| Loan / Deposit Ratio (%) | ▲ | 75.89% | +0.15 | 75.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.57% | -0.07 | 0.64% |
| Allowance / Loans (%) | — | 1.20% | 0.03% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 0.80% | -0.12 | 0.92% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.04% | +0.83 | 12.21% |
Noninterest income ($4.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆▇█ | Net Interest Margin (%) | 3.22% | 3.29% | 3.50% | 3.66% | 3.77% | 3.86% | 4.01% | 4.13% |
| ▂▃▁▃▅▆▇█ | Return on Assets (%) | 0.64% | 0.69% | 0.47% | 0.72% | 0.89% | 0.96% | 1.04% | 1.17% |
| ██▆▅▃▂▂▁ | Efficiency Ratio (%) | 75.2% | 73.9% | 71.7% | 69.6% | 67.2% | 66.0% | 65.9% | 63.4% |
| █▇▅▅▄▂▁▁ | Cost of Funds (%) | 2.37% | 2.27% | 2.10% | 2.06% | 2.03% | 1.87% | 1.79% | 1.74% |
| ▁▇▇█▆▄▇▆ | NPA / Assets (%) | 0.45% | 0.61% | 0.60% | 0.64% | 0.59% | 0.52% | 0.60% | 0.57% |
| ▁▇▇█▇▃▇▅ | Net Charge-Off Ratio (%) | 0.67% | 0.89% | 0.89% | 0.92% | 0.87% | 0.77% | 0.86% | 0.80% |
| ▁▁▁▁▅▆▇█ | Tang. Book Value ($M) | $154 | $149 | $154 | $153 | $179 | $185 | $188 | $197 |
| ▁▂▂▃▅▇██ | Gross Loans ($M) | $1,460 | $1,500 | $1,509 | $1,529 | $1,602 | $1,645 | $1,674 | $1,698 |
| ▁▁▂▃▅▇██ | Total Deposits ($M) | $1,922 | $1,930 | $1,972 | $1,994 | $2,078 | $2,147 | $2,194 | $2,211 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 14% |
| Agricultural | 11% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 9% |