Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.75% | -0.56 | 2.30% |
| Return on Equity (%) | ▼ | 13.26% | -5.37 | 18.63% |
| Net Interest Margin (%) | ▲ | 4.12% | +0.33 | 3.79% |
| Efficiency Ratio (%) | ▼ | 65.77% | +4.52 | 61.24% |
| Pre-Provision Profit ($M) | ▲ | $5 | +2.26 | $3 |
| Cost of Funds (%) | ▲ | 1.39% | -0.48 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $768 | +276.80 | $492 |
| Gross Loans ($M) | ▲ | $530 | +156.69 | $373 |
| Loan Growth YoY (%) | ▼ | 80.34% | -21.58 | 101.92% |
| Total Deposits ($M) | ▲ | $650 | +287.24 | $362 |
| Shareholders Equity ($M) | ▲ | $93 | +28.82 | $64 |
| Tang. Book Value ($M) | ▲ | $77 | +16.24 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $84 | +20.75 | $63 |
| Loan / Deposit Ratio (%) | ▼ | 80.34% | -21.58 | 101.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.23% | +1.15 | 0.08% |
| Allowance / Loans (%) | — | 1.51% | 0.47% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 1.78% | +1.67 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.55% | -2.40 | 16.95% |
Noninterest income ($6.56M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▅▇█ | Net Interest Margin (%) | 3.50% | 3.48% | 3.72% | 3.79% | 3.84% | 3.84% | 4.04% | 4.12% |
| ▃▄█▆▅▅▁▄ | Return on Assets (%) | 1.50% | 1.67% | 2.76% | 2.30% | 2.02% | 1.90% | 0.93% | 1.75% |
| ▅▅▁▂▃▄█▃ | Efficiency Ratio (%) | 72.3% | 69.9% | 56.5% | 61.2% | 64.5% | 66.1% | 81.7% | 65.8% |
| ██▇▆█▅▃▁ | Cost of Funds (%) | 2.08% | 2.10% | 1.97% | 1.87% | 2.04% | 1.82% | 1.60% | 1.39% |
| ▁▁▂▁▇███ | NPA / Assets (%) | 0.05% | 0.07% | 0.22% | 0.08% | 1.03% | 1.27% | 1.29% | 1.23% |
| ▁▁▂▁▆███ | Net Charge-Off Ratio (%) | 0.07% | 0.09% | 0.29% | 0.11% | 1.26% | 1.58% | 1.64% | 1.78% |
| ▁▁▂▃▄▅▅█ | Tang. Book Value ($M) | $53 | $54 | $58 | $61 | $63 | $65 | $66 | $77 |
| ▁▁▁▁▂▂▁█ | Gross Loans ($M) | $369 | $379 | $367 | $373 | $390 | $396 | $385 | $530 |
| ▁▁▁▁▁▁▂█ | Total Deposits ($M) | $353 | $356 | $382 | $362 | $344 | $358 | $400 | $650 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 9% |
| Agricultural | 5% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |