Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.61% | +0.14 | 2.47% |
| Return on Equity (%) | ▼ | 13.74% | -0.22 | 13.96% |
| Net Interest Margin (%) | ▼ | 8.18% | -0.17 | 8.35% |
| Efficiency Ratio (%) | ▼ | 41.59% | +0.83 | 40.76% |
| Pre-Provision Profit ($M) | ▲ | $24 | +0.80 | $23 |
| Cost of Funds (%) | ▲ | 1.07% | -0.07 | 1.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,594 | +107.32 | $1,487 |
| Gross Loans ($M) | ▲ | $1,204 | +91.19 | $1,113 |
| Loan Growth YoY (%) | ▲ | 89.58% | +2.91 | 86.67% |
| Total Deposits ($M) | ▲ | $1,272 | +67.59 | $1,204 |
| Shareholders Equity ($M) | ▲ | $308 | +37.97 | $270 |
| Tang. Book Value ($M) | ▲ | $302 | +38.07 | $264 |
| TBV excl. AOCI ($M)** | ▲ | $318 | +40.38 | $278 |
| Loan / Deposit Ratio (%) | ▲ | 89.58% | +2.91 | 86.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.68% | +0.28 | 0.40% |
| Allowance / Loans (%) | — | 5.38% | -0.83% | 6.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.90% | +0.37 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 25.51% | +1.00 | 24.51% |
Noninterest income ($9.72M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▅▅▅▅▁▂ | Net Interest Margin (%) | 8.52% | 8.53% | 8.31% | 8.35% | 8.35% | 8.34% | 8.08% | 8.18% |
| ▁▁▁▅▄▃██ | Return on Assets (%) | 2.35% | 2.36% | 2.32% | 2.47% | 2.44% | 2.40% | 2.57% | 2.61% |
| ▂▁▃▃▆▇██ | Efficiency Ratio (%) | 40.4% | 40.2% | 40.6% | 40.8% | 41.2% | 41.4% | 41.8% | 41.6% |
| █▇▂▃▂▃▁▁ | Cost of Funds (%) | 1.31% | 1.26% | 1.12% | 1.14% | 1.13% | 1.14% | 1.08% | 1.07% |
| ▇▃▁▁▁█▆█ | NPA / Assets (%) | 0.63% | 0.48% | 0.40% | 0.40% | 0.42% | 0.66% | 0.60% | 0.68% |
| ▇▂▁▁▁█▇█ | Net Charge-Off Ratio (%) | 0.82% | 0.62% | 0.54% | 0.53% | 0.56% | 0.87% | 0.81% | 0.90% |
| ▁▁▂▄▅▆▇█ | Tang. Book Value ($M) | $240 | $245 | $255 | $264 | $275 | $284 | $293 | $302 |
| ▁▁▁▁▂▆▇█ | Gross Loans ($M) | $1,106 | $1,111 | $1,107 | $1,113 | $1,127 | $1,171 | $1,181 | $1,204 |
| ▁▁▄▃▄▅██ | Total Deposits ($M) | $1,182 | $1,178 | $1,217 | $1,204 | $1,216 | $1,238 | $1,276 | $1,272 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 5% |
| Agricultural | 4% |
| Consumer | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 9% |