Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.24% | +0.18 | 1.06% |
| Return on Equity (%) | ▼ | 13.70% | -0.03 | 13.73% |
| Net Interest Margin (%) | ▲ | 3.42% | +0.31 | 3.11% |
| Efficiency Ratio (%) | ▲ | 62.25% | -0.98 | 63.23% |
| Pre-Provision Profit ($M) | ▲ | $10 | +0.77 | $9 |
| Cost of Funds (%) | ▲ | 2.01% | -0.49 | 2.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,730 | -60.48 | $2,791 |
| Gross Loans ($M) | ▼ | $2,092 | -48.31 | $2,140 |
| Loan Growth YoY (%) | ▼ | 89.43% | -1.70 | 91.14% |
| Total Deposits ($M) | ▼ | $2,312 | -10.40 | $2,322 |
| Shareholders Equity ($M) | ▲ | $250 | +22.84 | $227 |
| Tang. Book Value ($M) | ▲ | $242 | +24.82 | $217 |
| TBV excl. AOCI ($M)** | ▲ | $266 | +24.61 | $242 |
| Loan / Deposit Ratio (%) | ▼ | 89.43% | -1.70 | 91.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.19% | +0.61 | 0.58% |
| Allowance / Loans (%) | — | 1.15% | 0.05% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 1.55% | +0.79 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -10.73 | 10.73% |
Noninterest income ($5.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅██ | Net Interest Margin (%) | 2.93% | 2.92% | 3.04% | 3.11% | 3.18% | 3.21% | 3.39% | 3.42% |
| ▂▁▁▃▄▅▅█ | Return on Assets (%) | 1.01% | 1.00% | 0.97% | 1.06% | 1.09% | 1.11% | 1.14% | 1.24% |
| ▅▆█▄▂▃▅▁ | Efficiency Ratio (%) | 63.5% | 64.0% | 64.8% | 63.2% | 62.8% | 62.9% | 63.5% | 62.2% |
| █▇▅▅▅▃▁▁ | Cost of Funds (%) | 2.93% | 2.76% | 2.52% | 2.49% | 2.50% | 2.32% | 2.12% | 2.01% |
| ▁▁▁▃█▁▂█ | NPA / Assets (%) | 0.34% | 0.28% | 0.27% | 0.58% | 1.10% | 0.35% | 0.46% | 1.19% |
| ▁▁▁▃█▁▂█ | Net Charge-Off Ratio (%) | 0.44% | 0.37% | 0.35% | 0.75% | 1.44% | 0.46% | 0.61% | 1.55% |
| ▂▁▂▄▆▇██ | Tang. Book Value ($M) | $205 | $198 | $208 | $217 | $227 | $235 | $237 | $242 |
| ▇██▇▆▅▁▅ | Gross Loans ($M) | $2,132 | $2,155 | $2,163 | $2,140 | $2,122 | $2,091 | $2,013 | $2,092 |
| ▆▇▆▁▅█▅▁ | Total Deposits ($M) | $2,404 | $2,417 | $2,402 | $2,322 | $2,388 | $2,439 | $2,383 | $2,312 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 56% |
| C&I / Commercial | 15% |
| Agricultural | 22% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 17% |