Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.69% | +0.27 | 0.42% |
| Return on Equity (%) | ▲ | 8.39% | +2.96 | 5.43% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.30 | 3.71% |
| Efficiency Ratio (%) | ▲ | 79.78% | -1.36 | 81.15% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.56 | $3 |
| Cost of Funds (%) | ▲ | 1.98% | -0.23 | 2.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,935 | +101.38 | $1,833 |
| Gross Loans ($M) | ▲ | $1,408 | +106.77 | $1,301 |
| Loan Growth YoY (%) | ▼ | 84.68% | -1.90 | 86.58% |
| Total Deposits ($M) | ▲ | $1,645 | +158.34 | $1,487 |
| Shareholders Equity ($M) | ▲ | $160 | +16.90 | $143 |
| Tang. Book Value ($M) | ▲ | $156 | +17.25 | $139 |
| TBV excl. AOCI ($M)** | ▲ | $175 | +16.54 | $158 |
| Loan / Deposit Ratio (%) | ▼ | 84.68% | -1.90 | 86.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.17% | -0.36 | 2.53% |
| Allowance / Loans (%) | — | 1.08% | -0.01% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 2.76% | -0.80 | 3.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.58% | +0.50 | 10.09% |
Noninterest income ($5.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▅▄▁▂▅▇█ | Net Interest Margin (%) | 3.95% | 3.88% | 3.84% | 3.71% | 3.77% | 3.88% | 3.95% | 4.01% |
| █▇▁▂▄▇▇█ | Return on Assets (%) | 0.67% | 0.61% | 0.36% | 0.42% | 0.51% | 0.63% | 0.65% | 0.69% |
| ▃▄▁█▇▃▄▅ | Efficiency Ratio (%) | 78.8% | 79.3% | 77.8% | 81.1% | 80.7% | 78.7% | 79.4% | 79.8% |
| ██▄▅▆▄▂▁ | Cost of Funds (%) | 2.40% | 2.38% | 2.18% | 2.21% | 2.26% | 2.14% | 2.04% | 1.98% |
| ▁▁▁██▃▅▇ | NPA / Assets (%) | 0.95% | 0.89% | 0.81% | 2.53% | 2.49% | 1.27% | 1.70% | 2.17% |
| ▁▁▁██▂▄▆ | Net Charge-Off Ratio (%) | 1.36% | 1.24% | 1.16% | 3.56% | 3.49% | 1.54% | 2.16% | 2.76% |
| ▂▁▁▂▄▇▇█ | Tang. Book Value ($M) | $138 | $135 | $137 | $139 | $145 | $152 | $151 | $156 |
| ▁▂▄▅▆▇▇█ | Gross Loans ($M) | $1,182 | $1,237 | $1,276 | $1,301 | $1,332 | $1,370 | $1,371 | $1,408 |
| ▂▂▁▁▅▅██ | Total Deposits ($M) | $1,518 | $1,508 | $1,506 | $1,487 | $1,567 | $1,585 | $1,638 | $1,645 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 7% |
| Agricultural | 22% |
| Consumer | 9% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 11% |