Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.15 | 0.86% |
| Return on Equity (%) | ▲ | 11.15% | +1.04 | 10.11% |
| Net Interest Margin (%) | ▲ | 3.29% | +0.08 | 3.22% |
| Efficiency Ratio (%) | ▲ | 67.69% | -3.29 | 70.98% |
| Pre-Provision Profit ($M) | ▲ | $10 | +1.13 | $9 |
| Cost of Funds (%) | ▲ | 1.62% | -0.28 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,231 | +211.29 | $3,019 |
| Gross Loans ($M) | ▲ | $1,847 | +57.99 | $1,789 |
| Loan Growth YoY (%) | ▼ | 64.18% | -2.76 | 66.94% |
| Total Deposits ($M) | ▲ | $2,845 | +202.02 | $2,643 |
| Shareholders Equity ($M) | ▲ | $299 | +34.53 | $264 |
| Tang. Book Value ($M) | ▲ | $295 | +34.55 | $260 |
| TBV excl. AOCI ($M)** | ▲ | $342 | +34.40 | $308 |
| Loan / Deposit Ratio (%) | ▼ | 64.18% | -2.76 | 66.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.08 | 0.19% |
| Allowance / Loans (%) | — | 1.13% | 0.03% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 0.46% | +0.15 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.27% | +0.56 | 13.70% |
Noninterest income ($6.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▂▃█▆ | Net Interest Margin (%) | 3.14% | 3.17% | 3.20% | 3.22% | 3.19% | 3.21% | 3.35% | 3.29% |
| ▆▃▁▂▁▇██ | Return on Assets (%) | 0.96% | 0.90% | 0.82% | 0.86% | 0.83% | 1.01% | 1.04% | 1.01% |
| ▅██▇██▁▂ | Efficiency Ratio (%) | 69.8% | 71.6% | 71.9% | 71.0% | 71.4% | 71.8% | 67.0% | 67.7% |
| ▇█▄█▄▄▁▂ | Cost of Funds (%) | 1.89% | 1.94% | 1.71% | 1.90% | 1.75% | 1.73% | 1.56% | 1.62% |
| ▂▁▃▃▇▇█▆ | NPA / Assets (%) | 0.16% | 0.14% | 0.19% | 0.19% | 0.28% | 0.30% | 0.33% | 0.27% |
| ▂▁▃▃▇▇█▆ | Net Charge-Off Ratio (%) | 0.27% | 0.22% | 0.31% | 0.31% | 0.47% | 0.51% | 0.55% | 0.46% |
| ▃▁▂▃▅▇▇█ | Tang. Book Value ($M) | $256 | $241 | $252 | $260 | $272 | $287 | $286 | $295 |
| ▁▃▅▅▆█▇▇ | Gross Loans ($M) | $1,670 | $1,742 | $1,782 | $1,789 | $1,830 | $1,886 | $1,859 | $1,847 |
| ▁▁▁▂▅█▇█ | Total Deposits ($M) | $2,610 | $2,610 | $2,596 | $2,643 | $2,733 | $2,845 | $2,811 | $2,845 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 22% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 4% |