Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.90% | +0.01 | 0.89% |
| Return on Equity (%) | ▼ | 9.68% | -0.64 | 10.32% |
| Net Interest Margin (%) | ▲ | 4.46% | +0.32 | 4.14% |
| Efficiency Ratio (%) | ▼ | 72.98% | +1.15 | 71.83% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.47 | $4 |
| Cost of Funds (%) | ▲ | 1.40% | -0.08 | 1.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,283 | +158.46 | $1,125 |
| Gross Loans ($M) | ▲ | $947 | +115.68 | $831 |
| Loan Growth YoY (%) | ▲ | 90.47% | +3.57 | 86.90% |
| Total Deposits ($M) | ▲ | $1,037 | +89.61 | $947 |
| Shareholders Equity ($M) | ▲ | $119 | +18.85 | $100 |
| Tang. Book Value ($M) | ▲ | $100 | +19.06 | $81 |
| TBV excl. AOCI ($M)** | ▲ | $111 | +20.62 | $90 |
| Loan / Deposit Ratio (%) | ▲ | 90.47% | +3.57 | 86.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.21% | -0.08 | 0.29% |
| Allowance / Loans (%) | — | 0.96% | -0.04% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.28% | -0.11 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.85% | +0.64 | 11.22% |
Noninterest income ($3.74M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▇██ | Net Interest Margin (%) | 3.64% | 3.74% | 4.05% | 4.14% | 4.21% | 4.27% | 4.43% | 4.46% |
| █▁▁▂▄▄▃▂ | Return on Assets (%) | 1.07% | 0.86% | 0.85% | 0.89% | 0.95% | 0.94% | 0.92% | 0.90% |
| ▁█▆▇▇█▆█ | Efficiency Ratio (%) | 68.0% | 73.1% | 71.3% | 71.8% | 71.9% | 72.8% | 71.3% | 73.0% |
| █▄▃▃▃▁▁▁ | Cost of Funds (%) | 1.75% | 1.56% | 1.50% | 1.49% | 1.49% | 1.40% | 1.38% | 1.40% |
| ▁█▆███▅▂ | NPA / Assets (%) | 0.19% | 0.30% | 0.26% | 0.29% | 0.29% | 0.29% | 0.24% | 0.21% |
| ▁█▄▇▇▇▄▂ | Net Charge-Off Ratio (%) | 0.26% | 0.41% | 0.33% | 0.39% | 0.39% | 0.39% | 0.33% | 0.28% |
| ▂▁▂▃▄▄██ | Tang. Book Value ($M) | $77 | $73 | $78 | $81 | $85 | $86 | $97 | $100 |
| ▁▁▁▂▃▄▆█ | Gross Loans ($M) | $797 | $810 | $815 | $831 | $841 | $870 | $893 | $947 |
| ▁▂▁▁▂▅▆█ | Total Deposits ($M) | $941 | $958 | $948 | $947 | $962 | $1,000 | $1,002 | $1,037 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 16% |
| Agricultural | 6% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 6% |