Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.33% | -0.20 | 1.53% |
| Return on Equity (%) | ▼ | 13.82% | -4.80 | 18.62% |
| Net Interest Margin (%) | ▲ | 4.47% | +0.44 | 4.03% |
| Efficiency Ratio (%) | ▼ | 63.53% | +1.21 | 62.32% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.06 | $4 |
| Cost of Funds (%) | ▲ | 1.29% | -0.68 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $990 | -10.71 | $1,001 |
| Gross Loans ($M) | ▲ | $803 | +39.38 | $763 |
| Loan Growth YoY (%) | ▲ | 93.21% | +10.27 | 82.95% |
| Total Deposits ($M) | ▼ | $848 | -60.49 | $908 |
| Shareholders Equity ($M) | ▲ | $98 | +14.82 | $83 |
| Tang. Book Value ($M) | ▲ | $95 | +14.87 | $80 |
| TBV excl. AOCI ($M)** | ▲ | $102 | +13.37 | $89 |
| Loan / Deposit Ratio (%) | ▲ | 93.21% | +10.27 | 82.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.44% | +1.14 | 0.31% |
| Allowance / Loans (%) | — | 1.54% | 0.24% | 1.30% |
| Net Charge-Off Ratio (%) | ▼ | 1.78% | +1.39 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.52% | +0.85 | 12.67% |
Noninterest income ($4.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▇▅▅▆██ | Net Interest Margin (%) | 3.49% | 3.56% | 4.31% | 4.03% | 4.10% | 4.16% | 4.44% | 4.47% |
| ▂▂█▅▆▃▁▃ | Return on Assets (%) | 1.25% | 1.19% | 1.86% | 1.53% | 1.59% | 1.34% | 1.07% | 1.33% |
| ▆█▁▄▃▅▄▅ | Efficiency Ratio (%) | 64.9% | 67.3% | 58.3% | 62.3% | 61.6% | 63.6% | 62.4% | 63.5% |
| ▆▆▆█▄▃▁▁ | Cost of Funds (%) | 1.77% | 1.75% | 1.72% | 1.97% | 1.60% | 1.47% | 1.25% | 1.29% |
| ▁▂▁▁▁▁██ | NPA / Assets (%) | 0.43% | 0.57% | 0.38% | 0.31% | 0.33% | 0.36% | 1.30% | 1.44% |
| ▂▃▁▁▁▁▇█ | Net Charge-Off Ratio (%) | 0.60% | 0.77% | 0.47% | 0.39% | 0.41% | 0.45% | 1.60% | 1.78% |
| ▂▁▂▃▅▇▇█ | Tang. Book Value ($M) | $77 | $74 | $79 | $80 | $87 | $91 | $91 | $95 |
| ▁▂▃▅▆▆██ | Gross Loans ($M) | $702 | $719 | $736 | $763 | $771 | $777 | $796 | $803 |
| ▅▅▆█▆▆▂▁ | Total Deposits ($M) | $883 | $879 | $889 | $908 | $891 | $889 | $862 | $848 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 7% |
| Agricultural | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 8% |