Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.20% | +0.12 | 2.08% |
| Return on Equity (%) | ▼ | 14.57% | -0.79 | 15.36% |
| Net Interest Margin (%) | ▲ | 4.66% | +0.19 | 4.47% |
| Efficiency Ratio (%) | ▲ | 54.36% | -0.10 | 54.46% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.27 | $5 |
| Cost of Funds (%) | ▲ | 1.35% | -0.11 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $952 | -6.29 | $958 |
| Gross Loans ($M) | ▼ | $710 | -49.26 | $759 |
| Loan Growth YoY (%) | ▼ | 87.38% | -3.91 | 91.30% |
| Total Deposits ($M) | ▼ | $802 | -17.84 | $820 |
| Shareholders Equity ($M) | ▲ | $145 | +11.40 | $134 |
| Tang. Book Value ($M) | ▲ | $141 | +12.53 | $129 |
| TBV excl. AOCI ($M)** | ▲ | $150 | +14.35 | $136 |
| Loan / Deposit Ratio (%) | ▼ | 87.38% | -3.91 | 91.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 3.94% | -0.22 | 4.17% |
| Allowance / Loans (%) | — | 1.30% | -0.12% | 1.43% |
| Net Charge-Off Ratio (%) | ▼ | 5.22% | +0.01 | 5.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.02% | +3.22 | 16.80% |
Noninterest income ($2.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▇▇███ | Net Interest Margin (%) | 3.88% | 3.99% | 4.38% | 4.47% | 4.54% | 4.61% | 4.60% | 4.66% |
| ▁▃▆▆▇█▆▇ | Return on Assets (%) | 1.65% | 1.89% | 2.11% | 2.08% | 2.19% | 2.33% | 2.13% | 2.20% |
| █▅▂▄▂▁▃▄ | Efficiency Ratio (%) | 60.3% | 56.3% | 52.4% | 54.5% | 52.1% | 50.5% | 53.5% | 54.4% |
| █▆▃▂▂▂▁▁ | Cost of Funds (%) | 1.86% | 1.70% | 1.51% | 1.45% | 1.46% | 1.41% | 1.40% | 1.35% |
| ▁▁▆▇▇██▆ | NPA / Assets (%) | 1.93% | 1.81% | 3.65% | 4.17% | 4.32% | 4.63% | 4.68% | 3.94% |
| ▁▁▆▇▇██▇ | Net Charge-Off Ratio (%) | 2.30% | 2.33% | 4.79% | 5.22% | 5.40% | 5.82% | 5.89% | 5.22% |
| ▁▁▁▃▅▇▇█ | Tang. Book Value ($M) | $122 | $123 | $122 | $129 | $134 | $139 | $139 | $141 |
| ▃▄▆██▆▇▁ | Gross Loans ($M) | $723 | $732 | $742 | $759 | $757 | $747 | $749 | $710 |
| ▁▇█▆▆▅▅▅ | Total Deposits ($M) | $753 | $830 | $846 | $820 | $812 | $800 | $800 | $802 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 5% |
| Agricultural | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 9% |