Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.38% | +0.36 | 1.03% |
| Return on Equity (%) | ▲ | 18.59% | +2.77 | 15.82% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.41 | 3.29% |
| Efficiency Ratio (%) | ▲ | 69.20% | -5.33 | 74.53% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.85 | $3 |
| Cost of Funds (%) | ▲ | 1.11% | -0.20 | 1.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $869 | +40.65 | $828 |
| Gross Loans ($M) | ▼ | $512 | -2.15 | $514 |
| Loan Growth YoY (%) | ▼ | 63.28% | -2.99 | 66.27% |
| Total Deposits ($M) | ▲ | $800 | +31.08 | $769 |
| Shareholders Equity ($M) | ▲ | $66 | +10.00 | $56 |
| Tang. Book Value ($M) | ▲ | $66 | +10.00 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $81 | +12.48 | $68 |
| Loan / Deposit Ratio (%) | ▼ | 63.28% | -2.99 | 66.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.45% | +0.47 | 0.98% |
| Allowance / Loans (%) | — | 1.18% | 0.23% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 2.44% | +0.92 | 1.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.46% | +0.80 | 12.66% |
Noninterest income ($2.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▄▇█ | Net Interest Margin (%) | 3.08% | 3.11% | 3.20% | 3.29% | 3.33% | 3.38% | 3.59% | 3.70% |
| ▃▃▁▃▃▂▇█ | Return on Assets (%) | 1.01% | 1.02% | 0.86% | 1.03% | 1.03% | 0.98% | 1.27% | 1.38% |
| ▅▅█▅▅▄▃▁ | Efficiency Ratio (%) | 73.5% | 73.6% | 77.8% | 74.5% | 73.5% | 73.1% | 71.5% | 69.2% |
| ██▃▄▄▃▁▁ | Cost of Funds (%) | 1.60% | 1.56% | 1.25% | 1.30% | 1.31% | 1.26% | 1.07% | 1.11% |
| ▁▃▃▁█▆▅▇ | NPA / Assets (%) | 1.03% | 1.17% | 1.14% | 0.98% | 1.55% | 1.41% | 1.32% | 1.45% |
| ▂▃▂▁█▆▆█ | Net Charge-Off Ratio (%) | 1.67% | 1.79% | 1.76% | 1.52% | 2.51% | 2.21% | 2.19% | 2.44% |
| ▂▁▂▄▆▇▇█ | Tang. Book Value ($M) | $53 | $50 | $53 | $56 | $62 | $63 | $63 | $66 |
| ▁▂▁▂▅█▃▂ | Gross Loans ($M) | $509 | $513 | $508 | $514 | $525 | $535 | $518 | $512 |
| ▁▂▁▃█▇██ | Total Deposits ($M) | $753 | $759 | $757 | $769 | $803 | $795 | $800 | $800 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 9% |
| Agricultural | 8% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 6% |