Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.27 | 0.74% |
| Return on Equity (%) | ▲ | 10.28% | +1.79 | 8.49% |
| Net Interest Margin (%) | ▲ | 3.99% | +0.41 | 3.59% |
| Efficiency Ratio (%) | ▲ | 61.76% | -10.13 | 71.89% |
| Pre-Provision Profit ($M) | ▲ | $6 | +2.57 | $4 |
| Cost of Funds (%) | ▲ | 1.93% | -0.39 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,346 | -13.50 | $1,359 |
| Gross Loans ($M) | ▼ | $1,050 | -11.68 | $1,061 |
| Loan Growth YoY (%) | ▼ | 90.10% | -0.43 | 90.54% |
| Total Deposits ($M) | ▼ | $1,150 | -9.84 | $1,160 |
| Shareholders Equity ($M) | ▲ | $133 | +12.88 | $120 |
| Tang. Book Value ($M) | ▲ | $126 | +12.92 | $114 |
| TBV excl. AOCI ($M)** | ▲ | $135 | +12.69 | $123 |
| Loan / Deposit Ratio (%) | ▼ | 90.10% | -0.43 | 90.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.33% | -0.13 | 0.46% |
| Allowance / Loans (%) | — | 1.29% | 0.22% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 0.42% | -0.17 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.95% | +0.99 | 10.96% |
Noninterest income ($3.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅██ | Net Interest Margin (%) | 3.32% | 3.33% | 3.50% | 3.59% | 3.63% | 3.71% | 3.92% | 3.99% |
| ▁▁▅▄▅▆██ | Return on Assets (%) | 0.60% | 0.55% | 0.79% | 0.74% | 0.82% | 0.85% | 1.00% | 1.01% |
| ▇█▇█▆▅▂▁ | Efficiency Ratio (%) | 70.5% | 71.5% | 70.6% | 71.9% | 69.0% | 67.3% | 63.9% | 61.8% |
| █▇▆▆▆▃▁▁ | Cost of Funds (%) | 2.54% | 2.41% | 2.31% | 2.32% | 2.31% | 2.12% | 1.92% | 1.93% |
| █▇▃▃▁▃▁▁ | NPA / Assets (%) | 0.71% | 0.66% | 0.44% | 0.46% | 0.37% | 0.45% | 0.34% | 0.33% |
| █▇▁▄▂▄▁▁ | Net Charge-Off Ratio (%) | 0.77% | 0.71% | 0.42% | 0.59% | 0.47% | 0.59% | 0.43% | 0.42% |
| ▁▁▂▃▅▇██ | Tang. Book Value ($M) | $110 | $109 | $112 | $114 | $119 | $122 | $125 | $126 |
| ▅█▇▅▃▁▂▃ | Gross Loans ($M) | $1,061 | $1,078 | $1,068 | $1,061 | $1,047 | $1,035 | $1,045 | $1,050 |
| ▇█▅▅▆▅▁▄ | Total Deposits ($M) | $1,174 | $1,186 | $1,159 | $1,160 | $1,165 | $1,159 | $1,122 | $1,150 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 27% |
| Agricultural | 10% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 16% |