Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.09% | +0.55 | 1.55% |
| Return on Equity (%) | ▲ | 18.57% | +2.89 | 15.68% |
| Net Interest Margin (%) | ▲ | 3.54% | +0.47 | 3.07% |
| Efficiency Ratio (%) | ▲ | 46.24% | -0.96 | 47.20% |
| Pre-Provision Profit ($M) | ▲ | $11 | +1.25 | $9 |
| Cost of Funds (%) | ▲ | 1.90% | -0.40 | 2.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,797 | -28.74 | $1,826 |
| Gross Loans ($M) | ▼ | $1,329 | -41.55 | $1,370 |
| Loan Growth YoY (%) | ▲ | 83.15% | +0.00 | 83.15% |
| Total Deposits ($M) | ▼ | $1,576 | -49.57 | $1,626 |
| Shareholders Equity ($M) | ▲ | $205 | +20.74 | $184 |
| Tang. Book Value ($M) | ▲ | $203 | +21.06 | $182 |
| TBV excl. AOCI ($M)** | ▲ | $220 | +20.00 | $200 |
| Loan / Deposit Ratio (%) | ▲ | 83.15% | +0.00 | 83.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.18% | -0.39 | 0.57% |
| Allowance / Loans (%) | — | 1.38% | 0.02% | 1.36% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.61 | 0.77% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.75% | +0.90 | 12.85% |
Noninterest income ($3.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅▇█ | Net Interest Margin (%) | 2.67% | 2.77% | 2.94% | 3.07% | 3.10% | 3.16% | 3.39% | 3.54% |
| ▁▁▃▃▂▄▇█ | Return on Assets (%) | 1.33% | 1.33% | 1.58% | 1.55% | 1.46% | 1.66% | 1.92% | 2.09% |
| █▇▅▃▄▁▄▃ | Efficiency Ratio (%) | 53.7% | 52.3% | 49.4% | 47.2% | 47.3% | 43.4% | 48.0% | 46.2% |
| █▇▅▅▄▄▁▁ | Cost of Funds (%) | 2.57% | 2.40% | 2.25% | 2.29% | 2.18% | 2.15% | 1.88% | 1.90% |
| ▄███▇█▇▁ | NPA / Assets (%) | 0.38% | 0.58% | 0.56% | 0.57% | 0.52% | 0.61% | 0.55% | 0.18% |
| ▅███▇█▇▁ | Net Charge-Off Ratio (%) | 0.53% | 0.79% | 0.77% | 0.77% | 0.73% | 0.83% | 0.71% | 0.16% |
| ▂▁▃▂▆███ | Tang. Book Value ($M) | $181 | $175 | $183 | $182 | $193 | $202 | $203 | $203 |
| ▃▄██▄▃▄▁ | Gross Loans ($M) | $1,343 | $1,349 | $1,369 | $1,370 | $1,348 | $1,342 | $1,349 | $1,329 |
| ▆▆▇▄█▃▂▁ | Total Deposits ($M) | $1,663 | $1,653 | $1,678 | $1,626 | $1,694 | $1,611 | $1,600 | $1,576 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 13% |
| Agricultural | 10% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 14% |