Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.18 | 0.96% |
| Return on Equity (%) | ▲ | 10.30% | +1.53 | 8.77% |
| Net Interest Margin (%) | ▲ | 3.77% | +0.04 | 3.73% |
| Efficiency Ratio (%) | ▲ | 62.07% | -5.77 | 67.84% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.79 | $4 |
| Cost of Funds (%) | ▲ | 1.49% | -0.15 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,045 | +104.66 | $940 |
| Gross Loans ($M) | ▼ | $730 | -9.00 | $739 |
| Loan Growth YoY (%) | ▼ | 78.79% | -9.41 | 88.19% |
| Total Deposits ($M) | ▲ | $916 | +88.06 | $828 |
| Shareholders Equity ($M) | ▲ | $121 | +12.61 | $108 |
| Tang. Book Value ($M) | ▲ | $121 | +12.61 | $108 |
| TBV excl. AOCI ($M)** | ▲ | $126 | +11.71 | $114 |
| Loan / Deposit Ratio (%) | ▼ | 78.79% | -9.41 | 88.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.58% | -0.03 | 0.62% |
| Allowance / Loans (%) | — | 1.18% | -0.06% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.84% | +0.05 | 0.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.87% | +1.55 | 13.32% |
Noninterest income ($1.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▁▆█▇▅█ | Net Interest Margin (%) | 3.63% | 3.64% | 3.57% | 3.73% | 3.78% | 3.74% | 3.68% | 3.77% |
| ▃▄▁▄▆▅▆█ | Return on Assets (%) | 0.95% | 0.98% | 0.85% | 0.96% | 1.04% | 1.00% | 1.04% | 1.14% |
| ▆▅█▆▄▃▁▁ | Efficiency Ratio (%) | 68.3% | 67.2% | 70.9% | 67.8% | 65.9% | 64.5% | 63.0% | 62.1% |
| ▅▃▆▆█▄█▁ | Cost of Funds (%) | 1.61% | 1.55% | 1.64% | 1.65% | 1.71% | 1.60% | 1.70% | 1.49% |
| ▂▃▆▁██▂▁ | NPA / Assets (%) | 0.64% | 0.65% | 0.75% | 0.62% | 0.80% | 0.83% | 0.64% | 0.58% |
| ▂▃▅▁▆█▃▁ | Net Charge-Off Ratio (%) | 0.86% | 0.90% | 1.04% | 0.78% | 1.10% | 1.24% | 0.92% | 0.84% |
| ▆▁▂▃▅▆▇█ | Tang. Book Value ($M) | $115 | $101 | $105 | $108 | $112 | $115 | $118 | $121 |
| ▁▃▃████▇ | Gross Loans ($M) | $683 | $699 | $699 | $739 | $733 | $739 | $735 | $730 |
| ▁▃▃▂▄█▇▆ | Total Deposits ($M) | $803 | $859 | $856 | $828 | $885 | $978 | $938 | $916 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 18% |
| Agricultural | 2% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 10% |