Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.29 | 0.87% |
| Return on Equity (%) | ▲ | 12.49% | +2.78 | 9.71% |
| Net Interest Margin (%) | ▲ | 3.56% | +0.37 | 3.19% |
| Efficiency Ratio (%) | ▲ | 62.97% | -5.79 | 68.76% |
| Pre-Provision Profit ($M) | ▲ | $9 | +2.38 | $7 |
| Cost of Funds (%) | ▲ | 1.82% | -0.23 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,119 | +144.05 | $1,975 |
| Gross Loans ($M) | ▲ | $1,588 | +138.88 | $1,449 |
| Loan Growth YoY (%) | ▼ | 88.59% | -0.59 | 89.17% |
| Total Deposits ($M) | ▲ | $1,767 | +165.49 | $1,601 |
| Shareholders Equity ($M) | ▲ | $197 | +17.48 | $180 |
| Tang. Book Value ($M) | ▲ | $197 | +17.48 | $180 |
| TBV excl. AOCI ($M)** | ▲ | $216 | +17.79 | $198 |
| Loan / Deposit Ratio (%) | ▼ | 88.59% | -0.59 | 89.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.03 | 0.28% |
| Allowance / Loans (%) | — | 1.46% | -0.02% | 1.48% |
| Net Charge-Off Ratio (%) | ▼ | 0.41% | +0.03 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.96% | -0.09 | 14.05% |
Noninterest income ($5.93M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▆██ | Net Interest Margin (%) | 2.67% | 2.75% | 3.14% | 3.19% | 3.25% | 3.31% | 3.52% | 3.56% |
| ▁▁▃▄▅▆▇█ | Return on Assets (%) | 0.65% | 0.66% | 0.79% | 0.87% | 0.95% | 1.03% | 1.08% | 1.15% |
| █▇▅▄▃▁▁▁ | Efficiency Ratio (%) | 77.4% | 75.2% | 70.4% | 68.8% | 67.2% | 64.6% | 64.4% | 63.0% |
| █▆▄▆▄▃▁▂ | Cost of Funds (%) | 2.24% | 2.05% | 1.90% | 2.05% | 1.90% | 1.88% | 1.69% | 1.82% |
| ▁▃▂▄█▅▅▅ | NPA / Assets (%) | 0.07% | 0.20% | 0.17% | 0.28% | 0.53% | 0.33% | 0.31% | 0.31% |
| ▁▃▂▄█▅▅▄ | Net Charge-Off Ratio (%) | 0.11% | 0.27% | 0.23% | 0.38% | 0.71% | 0.44% | 0.42% | 0.41% |
| ▃▁▂▃▆▇▇█ | Tang. Book Value ($M) | $178 | $170 | $176 | $180 | $187 | $193 | $192 | $197 |
| ▁▃▄▄▅▇▇█ | Gross Loans ($M) | $1,353 | $1,417 | $1,442 | $1,449 | $1,473 | $1,533 | $1,556 | $1,588 |
| ▁▄▂▃▂▆██ | Total Deposits ($M) | $1,546 | $1,638 | $1,593 | $1,601 | $1,579 | $1,703 | $1,759 | $1,767 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 19% |
| Agricultural | 23% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 12% |