Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.10% | +0.28 | 1.82% |
| Return on Equity (%) | ▼ | 16.37% | -0.04 | 16.41% |
| Net Interest Margin (%) | ▲ | 3.79% | +0.26 | 3.52% |
| Efficiency Ratio (%) | ▲ | 51.36% | -1.18 | 52.54% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.28 | $5 |
| Cost of Funds (%) | ▲ | 1.41% | -0.25 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,070 | +29.01 | $1,041 |
| Gross Loans ($M) | ▲ | $523 | +5.20 | $518 |
| Loan Growth YoY (%) | ▼ | 57.57% | -0.69 | 58.26% |
| Total Deposits ($M) | ▲ | $897 | +20.09 | $877 |
| Shareholders Equity ($M) | ▲ | $137 | +21.38 | $116 |
| Tang. Book Value ($M) | ▲ | $129 | +21.37 | $108 |
| TBV excl. AOCI ($M)** | ▲ | $152 | +22.07 | $130 |
| Loan / Deposit Ratio (%) | ▼ | 57.57% | -0.69 | 58.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.48% | -0.05 | 1.54% |
| Allowance / Loans (%) | — | 1.32% | -0.08% | 1.40% |
| Net Charge-Off Ratio (%) | ▲ | 2.61% | -0.01 | 2.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.76M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▆▆██ | Net Interest Margin (%) | 3.27% | 3.32% | 3.43% | 3.52% | 3.62% | 3.65% | 3.76% | 3.79% |
| ▃▃▁▃▇█▇█ | Return on Assets (%) | 1.77% | 1.80% | 1.66% | 1.82% | 2.04% | 2.10% | 2.04% | 2.10% |
| █▇▇▄▁▁▂▂ | Efficiency Ratio (%) | 55.2% | 54.3% | 54.0% | 52.5% | 50.8% | 50.3% | 51.0% | 51.4% |
| █▇▄▅▄▃▁▁ | Cost of Funds (%) | 1.91% | 1.78% | 1.66% | 1.66% | 1.66% | 1.59% | 1.46% | 1.41% |
| ▁▁▇▇▆██▇ | NPA / Assets (%) | 0.97% | 0.97% | 1.53% | 1.54% | 1.44% | 1.63% | 1.59% | 1.48% |
| ▁▁▇█▆███ | Net Charge-Off Ratio (%) | 1.46% | 1.42% | 2.54% | 2.62% | 2.39% | 2.75% | 2.70% | 2.61% |
| ▃▁▁▁▆███ | Tang. Book Value ($M) | $112 | $105 | $107 | $108 | $121 | $128 | $128 | $129 |
| ▁▂▅▆▄██▇ | Gross Loans ($M) | $496 | $504 | $515 | $518 | $513 | $529 | $531 | $523 |
| ▂▁▇▅▃▄██ | Total Deposits ($M) | $865 | $854 | $888 | $877 | $867 | $873 | $896 | $897 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 11% |