Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.79% | +0.25 | 1.54% |
| Return on Equity (%) | ▲ | 14.99% | +1.40 | 13.59% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.27 | 3.17% |
| Efficiency Ratio (%) | ▲ | 51.77% | -3.00 | 54.76% |
| Pre-Provision Profit ($M) | ▲ | $10 | +1.56 | $8 |
| Cost of Funds (%) | ▲ | 1.47% | -0.14 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,690 | +57.32 | $1,633 |
| Gross Loans ($M) | ▲ | $1,209 | +90.89 | $1,118 |
| Loan Growth YoY (%) | ▲ | 90.84% | +5.80 | 85.04% |
| Total Deposits ($M) | ▲ | $1,312 | +17.33 | $1,294 |
| Shareholders Equity ($M) | ▲ | $209 | +14.77 | $194 |
| Tang. Book Value ($M) | ▲ | $207 | +14.77 | $192 |
| TBV excl. AOCI ($M)** | ▲ | $223 | +14.29 | $209 |
| Loan / Deposit Ratio (%) | ▲ | 90.84% | +5.80 | 85.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.18% | -0.13 | 0.31% |
| Allowance / Loans (%) | — | 1.45% | -0.12% | 1.56% |
| Net Charge-Off Ratio (%) | ▲ | 0.26% | -0.20 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($6.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▃▄▅▆█ | Net Interest Margin (%) | 3.11% | 3.07% | 3.04% | 3.17% | 3.21% | 3.24% | 3.33% | 3.44% |
| ▂▁▂▃▅▄██ | Return on Assets (%) | 1.48% | 1.39% | 1.49% | 1.54% | 1.61% | 1.55% | 1.76% | 1.79% |
| ▅█▅▅▃▆▁▁ | Efficiency Ratio (%) | 55.2% | 57.7% | 54.7% | 54.8% | 53.5% | 55.7% | 51.1% | 51.8% |
| ▆█▄▆▄▅▁▂ | Cost of Funds (%) | 1.63% | 1.72% | 1.54% | 1.60% | 1.53% | 1.56% | 1.39% | 1.47% |
| ▁▄█▇▇▇▆▄ | NPA / Assets (%) | 0.03% | 0.17% | 0.38% | 0.31% | 0.31% | 0.30% | 0.29% | 0.18% |
| ▁▄█▇▇▆▆▄ | Net Charge-Off Ratio (%) | 0.04% | 0.26% | 0.58% | 0.46% | 0.47% | 0.43% | 0.42% | 0.26% |
| ▃▁▂▄▆▆▇█ | Tang. Book Value ($M) | $187 | $179 | $186 | $192 | $200 | $199 | $201 | $207 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $1,061 | $1,083 | $1,103 | $1,118 | $1,146 | $1,154 | $1,192 | $1,209 |
| ▁▁▆▅▇▆█▅ | Total Deposits ($M) | $1,202 | $1,200 | $1,326 | $1,294 | $1,343 | $1,333 | $1,383 | $1,312 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 9% |
| Agricultural | 20% |
| Consumer | 2% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 8% |