Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.35% | +0.50 | 0.85% |
| Return on Equity (%) | ▲ | 13.67% | +4.40 | 9.27% |
| Net Interest Margin (%) | ▲ | 3.66% | +0.60 | 3.06% |
| Efficiency Ratio (%) | ▲ | 57.55% | -9.45 | 67.00% |
| Pre-Provision Profit ($M) | ▲ | $14 | +4.71 | $10 |
| Cost of Funds (%) | ▲ | 1.67% | -0.20 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,999 | +46.15 | $2,953 |
| Gross Loans ($M) | ▲ | $2,494 | +117.69 | $2,376 |
| Loan Growth YoY (%) | ▼ | 93.89% | -0.50 | 94.39% |
| Total Deposits ($M) | ▲ | $2,623 | +137.00 | $2,486 |
| Shareholders Equity ($M) | ▲ | $295 | +17.71 | $277 |
| Tang. Book Value ($M) | ▲ | $281 | +18.41 | $263 |
| TBV excl. AOCI ($M)** | ▲ | $297 | +15.51 | $282 |
| Loan / Deposit Ratio (%) | ▼ | 93.89% | -0.50 | 94.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.21 | 0.41% |
| Allowance / Loans (%) | — | 1.25% | -0.00% | 1.25% |
| Net Charge-Off Ratio (%) | ▲ | 0.23% | -0.27 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.19% | -0.26 | 11.45% |
Noninterest income ($7.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆██ | Net Interest Margin (%) | 2.54% | 2.62% | 2.91% | 3.06% | 3.18% | 3.29% | 3.59% | 3.66% |
| ▁▁▃▄▅▅██ | Return on Assets (%) | 0.50% | 0.59% | 0.73% | 0.85% | 0.95% | 1.03% | 1.26% | 1.35% |
| █▇▆▅▄▃▁▁ | Efficiency Ratio (%) | 76.0% | 73.4% | 70.0% | 67.0% | 64.8% | 63.4% | 59.1% | 57.6% |
| █▆▄▃▃▃▁▁ | Cost of Funds (%) | 2.33% | 2.09% | 1.96% | 1.87% | 1.90% | 1.84% | 1.65% | 1.67% |
| ▅▇█▆▂▁▁▁ | NPA / Assets (%) | 0.37% | 0.45% | 0.49% | 0.41% | 0.27% | 0.22% | 0.20% | 0.20% |
| ▆██▆▃▁▁▁ | Net Charge-Off Ratio (%) | 0.47% | 0.57% | 0.63% | 0.50% | 0.33% | 0.23% | 0.20% | 0.23% |
| ▁▁▃▅▆███ | Tang. Book Value ($M) | $241 | $243 | $253 | $263 | $271 | $278 | $282 | $281 |
| ▁▁▁▄▆▆▆█ | Gross Loans ($M) | $2,273 | $2,290 | $2,288 | $2,376 | $2,417 | $2,422 | $2,429 | $2,494 |
| ▁▁▃▁▂▇██ | Total Deposits ($M) | $2,500 | $2,492 | $2,537 | $2,486 | $2,514 | $2,595 | $2,611 | $2,623 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 14% |
| Agricultural | 8% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |