Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +0.12 | 0.90% |
| Return on Equity (%) | ▲ | 10.40% | +0.18 | 10.22% |
| Net Interest Margin (%) | ▲ | 3.62% | +0.30 | 3.32% |
| Efficiency Ratio (%) | ▲ | 62.21% | -4.17 | 66.39% |
| Pre-Provision Profit ($M) | ▼ | $7 | -2.52 | $9 |
| Cost of Funds (%) | ▲ | 1.59% | -1.85 | 3.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,711 | +114.22 | $1,596 |
| Gross Loans ($M) | ▼ | $1,117 | -9.95 | $1,127 |
| Loan Growth YoY (%) | ▼ | 73.99% | -6.28 | 80.27% |
| Total Deposits ($M) | ▲ | $1,492 | +103.82 | $1,388 |
| Shareholders Equity ($M) | ▲ | $170 | +24.97 | $145 |
| Tang. Book Value ($M) | ▲ | $167 | +25.08 | $142 |
| TBV excl. AOCI ($M)** | ▲ | $190 | +29.95 | $160 |
| Loan / Deposit Ratio (%) | ▼ | 73.99% | -6.28 | 80.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.98% | -0.32 | 1.31% |
| Allowance / Loans (%) | — | 1.16% | 0.04% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 1.51% | -0.28 | 1.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▂▄▇█ | Net Interest Margin (%) | 3.38% | 3.32% | 3.36% | 3.32% | 3.37% | 3.44% | 3.55% | 3.62% |
| ▄▂▅▅▁▁▇█ | Return on Assets (%) | 0.87% | 0.82% | 0.90% | 0.90% | 0.75% | 0.78% | 0.97% | 1.02% |
| ▇█▅▄█▇▁▁ | Efficiency Ratio (%) | 68.9% | 70.5% | 67.6% | 66.4% | 70.9% | 69.6% | 62.9% | 62.2% |
| ▃▃▃█▂▂▁▁ | Cost of Funds (%) | 2.23% | 2.17% | 2.02% | 3.45% | 1.81% | 1.79% | 1.53% | 1.59% |
| ██▆▃▄▁▁▂ | NPA / Assets (%) | 2.40% | 2.54% | 2.04% | 1.31% | 1.44% | 0.74% | 0.74% | 0.98% |
| ▇█▆▃▃▁▁▂ | Net Charge-Off Ratio (%) | 3.26% | 3.72% | 3.04% | 1.79% | 2.06% | 1.08% | 1.16% | 1.51% |
| ▁▁▁▇████ | Tang. Book Value ($M) | $30 | $29 | $29 | $142 | $158 | $162 | $165 | $167 |
| ▁▁▁█████ | Gross Loans ($M) | $252 | $232 | $225 | $1,127 | $1,133 | $1,139 | $1,124 | $1,117 |
| ▁▁▁█▇███ | Total Deposits ($M) | $302 | $299 | $295 | $1,388 | $1,385 | $1,430 | $1,542 | $1,492 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 17% |
| Agricultural | 11% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 11% |