Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.74% | -0.22 | 0.96% |
| Return on Equity (%) | ▼ | 6.14% | -1.38 | 7.52% |
| Net Interest Margin (%) | ▲ | 3.38% | +0.06 | 3.33% |
| Efficiency Ratio (%) | ▲ | 59.91% | -2.71 | 62.61% |
| Pre-Provision Profit ($M) | ▼ | $7 | -0.05 | $7 |
| Cost of Funds (%) | ▲ | 1.73% | -0.19 | 1.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,811 | +78.52 | $1,733 |
| Gross Loans ($M) | ▲ | $1,384 | +32.23 | $1,352 |
| Loan Growth YoY (%) | ▼ | 85.97% | -2.88 | 88.85% |
| Total Deposits ($M) | ▲ | $1,580 | +82.34 | $1,497 |
| Shareholders Equity ($M) | ▼ | $218 | -7.07 | $225 |
| Tang. Book Value ($M) | ▼ | $182 | -6.52 | $189 |
| TBV excl. AOCI ($M)** | ▼ | $193 | -7.11 | $200 |
| Loan / Deposit Ratio (%) | ▼ | 85.97% | -2.88 | 88.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.79% | +1.04 | 0.75% |
| Allowance / Loans (%) | — | 1.87% | 0.29% | 1.58% |
| Net Charge-Off Ratio (%) | ▼ | 2.28% | +1.38 | 0.90% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.94% | -1.48 | 14.42% |
Noninterest income ($2.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇██▇█ | Net Interest Margin (%) | 3.02% | 3.04% | 3.09% | 3.33% | 3.40% | 3.40% | 3.33% | 3.38% |
| █▇▆▆▇██▁ | Return on Assets (%) | 1.02% | 0.97% | 0.95% | 0.96% | 0.98% | 1.01% | 1.03% | 0.74% |
| ▇██▄▄▄▁▁ | Efficiency Ratio (%) | 65.0% | 66.1% | 65.6% | 62.6% | 62.6% | 62.5% | 60.0% | 59.9% |
| █▆▄▃▃▂▁▁ | Cost of Funds (%) | 2.29% | 2.14% | 1.94% | 1.91% | 1.91% | 1.80% | 1.71% | 1.73% |
| ▂▁▁▁▂▂▂█ | NPA / Assets (%) | 0.95% | 0.82% | 0.82% | 0.75% | 0.96% | 0.94% | 1.00% | 1.79% |
| ▂▁▁▁▂▂▃█ | Net Charge-Off Ratio (%) | 1.09% | 0.97% | 1.01% | 0.90% | 1.19% | 1.18% | 1.28% | 2.28% |
| ▇▅▇▇█▁▃▃ | Tang. Book Value ($M) | $189 | $185 | $188 | $189 | $191 | $178 | $183 | $182 |
| █▄▃▂▁▂▃▅ | Gross Loans ($M) | $1,426 | $1,370 | $1,356 | $1,352 | $1,328 | $1,345 | $1,359 | $1,384 |
| ▄▂▅▁▁▅██ | Total Deposits ($M) | $1,536 | $1,506 | $1,541 | $1,497 | $1,486 | $1,550 | $1,588 | $1,580 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 4% |