Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.42% | +0.24 | 1.18% |
| Return on Equity (%) | ▲ | 13.93% | +1.26 | 12.67% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.39 | 3.24% |
| Efficiency Ratio (%) | ▲ | 60.35% | -3.25 | 63.60% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.49 | $4 |
| Cost of Funds (%) | ▲ | 1.83% | -0.38 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,208 | +43.60 | $1,165 |
| Gross Loans ($M) | ▼ | $886 | -1.75 | $888 |
| Loan Growth YoY (%) | ▼ | 84.00% | -3.56 | 87.56% |
| Total Deposits ($M) | ▲ | $1,039 | +40.10 | $999 |
| Shareholders Equity ($M) | ▲ | $129 | +14.62 | $114 |
| Tang. Book Value ($M) | ▲ | $128 | +14.62 | $113 |
| TBV excl. AOCI ($M)** | ▲ | $137 | +16.79 | $120 |
| Loan / Deposit Ratio (%) | ▼ | 84.00% | -3.56 | 87.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.27% | -0.05 | 0.33% |
| Allowance / Loans (%) | — | 1.44% | 0.02% | 1.42% |
| Net Charge-Off Ratio (%) | ▲ | 0.33% | -0.10 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.17% | +1.44 | 13.72% |
Noninterest income ($3.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅▇█ | Net Interest Margin (%) | 2.93% | 2.97% | 3.17% | 3.24% | 3.33% | 3.35% | 3.54% | 3.63% |
| ▁▁▅▅▅▇██ | Return on Assets (%) | 0.93% | 0.92% | 1.21% | 1.18% | 1.22% | 1.33% | 1.38% | 1.42% |
| ██▃▄▃▂▂▁ | Efficiency Ratio (%) | 68.1% | 68.2% | 62.3% | 63.6% | 62.9% | 61.8% | 61.4% | 60.4% |
| █▆▆▅▅▁▁▁ | Cost of Funds (%) | 2.48% | 2.31% | 2.27% | 2.22% | 2.19% | 1.87% | 1.88% | 1.83% |
| ▁▂▂██▇▇▇ | NPA / Assets (%) | 0.02% | 0.07% | 0.06% | 0.33% | 0.31% | 0.28% | 0.28% | 0.27% |
| ▁▂▂████▇ | Net Charge-Off Ratio (%) | 0.02% | 0.10% | 0.08% | 0.43% | 0.42% | 0.38% | 0.39% | 0.33% |
| ▂▁▂▃▅▇▇█ | Tang. Book Value ($M) | $109 | $106 | $110 | $113 | $119 | $123 | $124 | $128 |
| ▇█▇▄▁██▃ | Gross Loans ($M) | $901 | $903 | $899 | $888 | $877 | $904 | $901 | $886 |
| ▁▅▄▂▁█▅▆ | Total Deposits ($M) | $988 | $1,032 | $1,023 | $999 | $990 | $1,060 | $1,027 | $1,039 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 13% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 51% |
| Interest-Bearing (core) | 24% |
| Brokered / Other | 25% |