Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.16 | 1.13% |
| Return on Equity (%) | ▲ | 15.12% | +2.12 | 13.00% |
| Net Interest Margin (%) | ▼ | 3.97% | -0.13 | 4.10% |
| Efficiency Ratio (%) | ▼ | 61.39% | +2.41 | 58.98% |
| Pre-Provision Profit ($M) | ▼ | $5 | -0.40 | $5 |
| Cost of Funds (%) | ▼ | 1.72% | +0.06 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,161 | +118.85 | $1,043 |
| Gross Loans ($M) | ▲ | $996 | +106.47 | $890 |
| Loan Growth YoY (%) | ▼ | 100.97% | -1.04 | 102.01% |
| Total Deposits ($M) | ▲ | $974 | +112.39 | $861 |
| Shareholders Equity ($M) | ▲ | $101 | +8.86 | $92 |
| Tang. Book Value ($M) | ▲ | $98 | +8.86 | $89 |
| TBV excl. AOCI ($M)** | ▲ | $102 | +9.13 | $93 |
| Loan / Deposit Ratio (%) | ▼ | 100.97% | -1.04 | 102.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.14% | -0.22 | 1.35% |
| Allowance / Loans (%) | — | 1.33% | 0.06% | 1.28% |
| Net Charge-Off Ratio (%) | ▲ | 0.80% | -0.26 | 1.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▅▇█▇▁▃ | Net Interest Margin (%) | 3.89% | 3.97% | 4.02% | 4.10% | 4.14% | 4.11% | 3.91% | 3.97% |
| ▂▅█▁▄▆▅▆ | Return on Assets (%) | 1.19% | 1.28% | 1.38% | 1.13% | 1.23% | 1.31% | 1.28% | 1.30% |
| ▆▅▇▃▁▁██ | Efficiency Ratio (%) | 60.5% | 59.7% | 60.9% | 59.0% | 58.2% | 57.9% | 61.2% | 61.4% |
| ▆▁▁▄▅██▇ | Cost of Funds (%) | 1.70% | 1.60% | 1.58% | 1.65% | 1.68% | 1.75% | 1.76% | 1.72% |
| ▅▆█▆▇▆▁▁ | NPA / Assets (%) | 1.33% | 1.35% | 1.48% | 1.35% | 1.40% | 1.36% | 1.11% | 1.14% |
| ▇▇█▆▇▄▁▂ | Net Charge-Off Ratio (%) | 1.15% | 1.16% | 1.31% | 1.06% | 1.15% | 0.95% | 0.65% | 0.80% |
| ▃▁▃▄▆▅▇█ | Tang. Book Value ($M) | $88 | $83 | $88 | $89 | $94 | $91 | $96 | $98 |
| ▁▁▁▃▆▇▇█ | Gross Loans ($M) | $852 | $865 | $870 | $890 | $956 | $965 | $974 | $996 |
| ▅▄▄▁▆▆██ | Total Deposits ($M) | $921 | $907 | $907 | $861 | $937 | $944 | $980 | $974 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 15% |
| Agricultural | 3% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |