Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.48% | +0.38 | 1.10% |
| Return on Equity (%) | ▲ | 14.43% | +2.90 | 11.53% |
| Net Interest Margin (%) | ▲ | 4.21% | +0.27 | 3.94% |
| Efficiency Ratio (%) | ▲ | 61.26% | -7.06 | 68.32% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.08 | $4 |
| Cost of Funds (%) | ▲ | 1.53% | -0.05 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $942 | +49.12 | $893 |
| Gross Loans ($M) | ▲ | $734 | +37.78 | $696 |
| Loan Growth YoY (%) | ▼ | 87.57% | -0.28 | 87.85% |
| Total Deposits ($M) | ▲ | $828 | +45.37 | $783 |
| Shareholders Equity ($M) | ▲ | $98 | +11.85 | $86 |
| Tang. Book Value ($M) | ▲ | $98 | +11.85 | $86 |
| TBV excl. AOCI ($M)** | ▲ | $103 | +11.94 | $91 |
| Loan / Deposit Ratio (%) | ▼ | 87.57% | -0.28 | 87.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.38% | -0.02 | 0.40% |
| Allowance / Loans (%) | — | 1.12% | -0.02% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.45% | -0.05 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.48% | +0.92 | 14.56% |
Noninterest income ($2.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆▇█ | Net Interest Margin (%) | 3.68% | 3.72% | 3.83% | 3.94% | 4.01% | 4.04% | 4.10% | 4.21% |
| ▁▂▁▃▄▄▇█ | Return on Assets (%) | 1.00% | 1.09% | 0.97% | 1.10% | 1.17% | 1.22% | 1.40% | 1.48% |
| ███▆▅▄▁▁ | Efficiency Ratio (%) | 70.2% | 70.0% | 70.8% | 68.3% | 67.1% | 66.0% | 61.9% | 61.3% |
| █▆▂▂▄▄▁▁ | Cost of Funds (%) | 1.84% | 1.75% | 1.61% | 1.58% | 1.65% | 1.66% | 1.53% | 1.53% |
| █▂▆▂▁▃▁▁ | NPA / Assets (%) | 0.58% | 0.39% | 0.52% | 0.40% | 0.35% | 0.42% | 0.35% | 0.38% |
| ▇▃█▃▁▄▁▁ | Net Charge-Off Ratio (%) | 0.63% | 0.50% | 0.67% | 0.50% | 0.44% | 0.53% | 0.43% | 0.45% |
| ▃▁▁▃▅▇▇█ | Tang. Book Value ($M) | $87 | $82 | $84 | $86 | $91 | $94 | $94 | $98 |
| ▁▂▃▅▆▆██ | Gross Loans ($M) | $646 | $658 | $671 | $696 | $707 | $710 | $723 | $734 |
| ▂▁▃▄▅▅██ | Total Deposits ($M) | $764 | $754 | $778 | $783 | $801 | $799 | $829 | $828 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 7% |