Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.27 | 0.87% |
| Return on Equity (%) | ▲ | 13.67% | +1.24 | 12.43% |
| Net Interest Margin (%) | ▲ | 2.95% | +0.55 | 2.40% |
| Efficiency Ratio (%) | ▲ | 65.38% | -3.19 | 68.56% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.32 | $5 |
| Cost of Funds (%) | ▲ | 1.83% | -0.56 | 2.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,098 | +13.53 | $2,084 |
| Gross Loans ($M) | ▲ | $1,284 | +66.60 | $1,217 |
| Loan Growth YoY (%) | ▲ | 69.41% | +1.18 | 68.22% |
| Total Deposits ($M) | ▲ | $1,822 | +62.21 | $1,760 |
| Shareholders Equity ($M) | ▲ | $176 | +24.23 | $152 |
| Tang. Book Value ($M) | ▲ | $171 | +24.24 | $147 |
| TBV excl. AOCI ($M)** | ▲ | $200 | +25.55 | $174 |
| Loan / Deposit Ratio (%) | ▲ | 69.41% | +1.18 | 68.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.89% | +0.76 | 0.13% |
| Allowance / Loans (%) | — | 1.51% | 0.13% | 1.37% |
| Net Charge-Off Ratio (%) | ▼ | 1.45% | +1.23 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.03% | +0.30 | 13.74% |
Noninterest income ($3.79M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅██ | Net Interest Margin (%) | 2.02% | 2.06% | 2.28% | 2.40% | 2.50% | 2.54% | 2.89% | 2.95% |
| ▁▁▅▆▆▅██ | Return on Assets (%) | 0.35% | 0.37% | 0.77% | 0.87% | 0.87% | 0.80% | 1.10% | 1.14% |
| ██▃▂▂▂▁▁ | Efficiency Ratio (%) | 83.4% | 82.7% | 70.2% | 68.6% | 68.2% | 69.0% | 65.5% | 65.4% |
| █▆▅▇▅▃▁▁ | Cost of Funds (%) | 2.58% | 2.31% | 2.19% | 2.39% | 2.28% | 2.00% | 1.79% | 1.83% |
| ▂▂▁▁▁▅▅█ | NPA / Assets (%) | 0.21% | 0.21% | 0.18% | 0.13% | 0.11% | 0.55% | 0.59% | 0.89% |
| ▁▂▁▁▁▅▆█ | Net Charge-Off Ratio (%) | 0.31% | 0.35% | 0.32% | 0.22% | 0.18% | 0.90% | 0.98% | 1.45% |
| ▃▁▃▃▆███ | Tang. Book Value ($M) | $142 | $132 | $143 | $147 | $161 | $167 | $171 | $171 |
| ▂▁▁▁▁▆█▇ | Gross Loans ($M) | $1,230 | $1,214 | $1,212 | $1,217 | $1,220 | $1,266 | $1,295 | $1,284 |
| ▁▄█▆▅▇██ | Total Deposits ($M) | $1,513 | $1,676 | $1,832 | $1,760 | $1,709 | $1,784 | $1,853 | $1,822 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 14% |
| Agricultural | 10% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 11% |