Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.32% | -0.10 | 1.42% |
| Return on Equity (%) | ▼ | 14.03% | -3.33 | 17.36% |
| Net Interest Margin (%) | ▲ | 3.90% | +0.25 | 3.65% |
| Efficiency Ratio (%) | ▼ | 67.28% | +4.57 | 62.71% |
| Pre-Provision Profit ($M) | ▼ | $6 | -1.00 | $7 |
| Cost of Funds (%) | ▲ | 1.95% | -0.48 | 2.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,876 | +14.11 | $1,862 |
| Gross Loans ($M) | ▼ | $1,319 | -21.00 | $1,340 |
| Loan Growth YoY (%) | ▼ | 78.01% | -2.50 | 80.51% |
| Total Deposits ($M) | ▲ | $1,671 | +25.79 | $1,646 |
| Shareholders Equity ($M) | ▲ | $178 | +18.95 | $159 |
| Tang. Book Value ($M) | ▲ | $175 | +18.95 | $156 |
| TBV excl. AOCI ($M)** | ▲ | $188 | +16.80 | $171 |
| Loan / Deposit Ratio (%) | ▼ | 78.01% | -2.50 | 80.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.39% | +0.09 | 0.30% |
| Allowance / Loans (%) | — | 1.18% | 0.02% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 0.41% | +0.10 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.03% | +1.15 | 12.87% |
Noninterest income ($2.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅██ | Net Interest Margin (%) | 3.48% | 3.52% | 3.60% | 3.65% | 3.69% | 3.74% | 3.85% | 3.90% |
| ▁▂▃███▅▃ | Return on Assets (%) | 1.27% | 1.30% | 1.32% | 1.42% | 1.43% | 1.42% | 1.35% | 1.32% |
| ▂▂▁▁▁▃▅█ | Efficiency Ratio (%) | 63.7% | 63.3% | 63.2% | 62.7% | 62.6% | 64.1% | 65.3% | 67.3% |
| █▇▅▆▅▂▁▁ | Cost of Funds (%) | 2.70% | 2.59% | 2.38% | 2.43% | 2.37% | 2.13% | 1.98% | 1.95% |
| ▆▂▁▂▁▂██ | NPA / Assets (%) | 0.36% | 0.31% | 0.28% | 0.30% | 0.30% | 0.31% | 0.40% | 0.39% |
| ▄▂▁▃▃▂██ | Net Charge-Off Ratio (%) | 0.32% | 0.28% | 0.25% | 0.31% | 0.30% | 0.29% | 0.43% | 0.41% |
| ▃▁▂▄▇▇██ | Tang. Book Value ($M) | $152 | $142 | $150 | $156 | $168 | $168 | $172 | $175 |
| ▁▆▇▅▃▇█▂ | Gross Loans ($M) | $1,308 | $1,346 | $1,349 | $1,340 | $1,324 | $1,354 | $1,362 | $1,319 |
| ▁▄▆▇▇▇▇█ | Total Deposits ($M) | $1,566 | $1,607 | $1,644 | $1,646 | $1,647 | $1,648 | $1,656 | $1,671 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 20% |
| Agricultural | 7% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 16% |