Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.20% | +0.13 | 1.06% |
| Return on Equity (%) | ▲ | 10.46% | +0.89 | 9.57% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.39 | 3.48% |
| Efficiency Ratio (%) | ▲ | 57.43% | -1.65 | 59.07% |
| Pre-Provision Profit ($M) | ▲ | $12 | +1.45 | $10 |
| Cost of Funds (%) | ▲ | 2.17% | -0.28 | 2.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,586 | +79.65 | $2,506 |
| Gross Loans ($M) | ▲ | $2,112 | +110.69 | $2,001 |
| Loan Growth YoY (%) | ▲ | 97.85% | +2.31 | 95.54% |
| Total Deposits ($M) | ▲ | $2,123 | +54.75 | $2,068 |
| Shareholders Equity ($M) | ▲ | $300 | +16.44 | $283 |
| Tang. Book Value ($M) | ▲ | $278 | +16.98 | $261 |
| TBV excl. AOCI ($M)** | ▲ | $287 | +17.23 | $269 |
| Loan / Deposit Ratio (%) | ▲ | 97.85% | +2.31 | 95.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.16 | 0.31% |
| Allowance / Loans (%) | — | 1.66% | 0.38% | 1.28% |
| Net Charge-Off Ratio (%) | ▲ | 0.19% | -0.19 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.42% | -0.05 | 13.47% |
Noninterest income ($4.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▇█ | Net Interest Margin (%) | 3.35% | 3.39% | 3.38% | 3.48% | 3.54% | 3.59% | 3.77% | 3.86% |
| ▂▁▂▂▃▁▅█ | Return on Assets (%) | 1.05% | 1.02% | 1.05% | 1.06% | 1.08% | 1.02% | 1.11% | 1.20% |
| ▇█▅▃▂▃▂▁ | Efficiency Ratio (%) | 61.9% | 63.1% | 60.8% | 59.1% | 58.4% | 58.9% | 58.4% | 57.4% |
| ██▆▇▆▆▁▁ | Cost of Funds (%) | 2.51% | 2.48% | 2.38% | 2.45% | 2.41% | 2.40% | 2.20% | 2.17% |
| █▇▇█▆▁▁▁ | NPA / Assets (%) | 0.30% | 0.29% | 0.29% | 0.31% | 0.26% | 0.16% | 0.15% | 0.15% |
| ▇███▆▁▁▁ | Net Charge-Off Ratio (%) | 0.33% | 0.36% | 0.36% | 0.38% | 0.32% | 0.20% | 0.18% | 0.19% |
| ▂▁▁▃▅▅▆█ | Tang. Book Value ($M) | $256 | $251 | $254 | $261 | $266 | $266 | $269 | $278 |
| ▁▁▁▃▅▄▆█ | Gross Loans ($M) | $1,962 | $1,961 | $1,974 | $2,001 | $2,042 | $2,032 | $2,056 | $2,112 |
| ▁▃▅▄████ | Total Deposits ($M) | $2,021 | $2,054 | $2,076 | $2,068 | $2,114 | $2,116 | $2,118 | $2,123 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 8% |
| Agricultural | 7% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 17% |