Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.77% | -1.18 | 0.42% |
| Return on Equity (%) | ▼ | -6.56% | -10.09 | 3.53% |
| Net Interest Margin (%) | ▲ | 3.32% | +0.43 | 2.89% |
| Efficiency Ratio (%) | ▲ | 83.02% | -2.04 | 85.06% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.53 | $2 |
| Cost of Funds (%) | ▲ | 1.24% | -0.10 | 1.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,468 | -46.32 | $1,514 |
| Gross Loans ($M) | ▲ | $1,093 | +25.22 | $1,068 |
| Loan Growth YoY (%) | ▼ | 85.14% | -1.39 | 86.53% |
| Total Deposits ($M) | ▲ | $1,266 | +49.57 | $1,216 |
| Shareholders Equity ($M) | ▼ | $167 | -14.35 | $181 |
| Tang. Book Value ($M) | ▼ | $140 | -14.26 | $154 |
| TBV excl. AOCI ($M)** | ▼ | $149 | -21.28 | $170 |
| Loan / Deposit Ratio (%) | ▼ | 85.14% | -1.39 | 86.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.60% | +0.59 | 0.01% |
| Allowance / Loans (%) | — | 1.40% | -0.04% | 1.44% |
| Net Charge-Off Ratio (%) | ▼ | 0.80% | +0.79 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.39% | -0.91 | 15.31% |
Noninterest income ($3.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅▆█ | Net Interest Margin (%) | 2.63% | 2.68% | 2.79% | 2.89% | 2.91% | 2.98% | 3.12% | 3.32% |
| ▇█████▁▅ | Return on Assets (%) | 0.07% | 0.16% | 0.41% | 0.42% | 0.41% | 0.42% | -2.07% | -0.77% |
| █▇▃▃▃▃▁▁ | Efficiency Ratio (%) | 90.9% | 89.2% | 85.2% | 85.1% | 85.6% | 85.1% | 82.9% | 83.0% |
| █▇▂▅▆▄▃▁ | Cost of Funds (%) | 1.41% | 1.39% | 1.28% | 1.34% | 1.36% | 1.32% | 1.29% | 1.24% |
| ▁▁▁▁▁▁██ | NPA / Assets (%) | 0.03% | 0.03% | 0.01% | 0.01% | 0.05% | 0.07% | 0.53% | 0.60% |
| ▁▁▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.01% | 0.01% | 0.07% | 0.10% | 0.71% | 0.80% |
| ▅▅▆▇██▁▁ | Tang. Book Value ($M) | $150 | $149 | $152 | $154 | $156 | $157 | $139 | $140 |
| ▃▁▃▄▅▇██ | Gross Loans ($M) | $1,061 | $1,045 | $1,062 | $1,068 | $1,070 | $1,085 | $1,092 | $1,093 |
| ▅▂▄▁▅▄▇█ | Total Deposits ($M) | $1,247 | $1,226 | $1,240 | $1,216 | $1,244 | $1,239 | $1,260 | $1,266 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 11% |
| Agricultural | 4% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 5% |