Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.31% | -0.08 | 1.39% |
| Return on Equity (%) | ▼ | 8.81% | -1.23 | 10.04% |
| Net Interest Margin (%) | ▼ | 4.47% | -0.19 | 4.67% |
| Efficiency Ratio (%) | ▼ | 62.73% | +6.34 | 56.39% |
| Pre-Provision Profit ($M) | ▼ | $7 | -0.36 | $7 |
| Cost of Funds (%) | ▲ | 1.11% | -0.00 | 1.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,481 | +64.17 | $1,416 |
| Gross Loans ($M) | ▲ | $942 | +49.47 | $893 |
| Loan Growth YoY (%) | ▲ | 75.94% | +1.21 | 74.73% |
| Total Deposits ($M) | ▲ | $1,224 | +46.03 | $1,178 |
| Shareholders Equity ($M) | ▲ | $221 | +20.97 | $200 |
| Tang. Book Value ($M) | ▲ | $214 | +21.03 | $193 |
| TBV excl. AOCI ($M)** | ▲ | $229 | +21.94 | $207 |
| Loan / Deposit Ratio (%) | ▲ | 75.94% | +1.21 | 74.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.95% | +0.12 | 0.83% |
| Allowance / Loans (%) | — | 1.31% | -0.04% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 1.35% | +0.27 | 1.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.70% | +0.16 | 20.55% |
Noninterest income ($2.50M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▇▆███▁▄ | Net Interest Margin (%) | 4.59% | 4.62% | 4.59% | 4.67% | 4.68% | 4.66% | 4.34% | 4.47% |
| ▇█▃▄▃▃▁▃ | Return on Assets (%) | 1.64% | 1.78% | 1.33% | 1.39% | 1.35% | 1.32% | 1.13% | 1.31% |
| ▂▁▂▃▅▆█▇ | Efficiency Ratio (%) | 53.6% | 51.5% | 54.2% | 56.4% | 58.7% | 60.6% | 65.2% | 62.7% |
| █▁▁▂▃▂▁▂ | Cost of Funds (%) | 1.44% | 1.09% | 1.06% | 1.11% | 1.19% | 1.14% | 1.10% | 1.11% |
| █▇▅▃▁▇▇▄ | NPA / Assets (%) | 1.33% | 1.18% | 1.05% | 0.83% | 0.66% | 1.18% | 1.20% | 0.95% |
| █▆▆▂▁██▅ | Net Charge-Off Ratio (%) | 1.79% | 1.55% | 1.56% | 1.09% | 0.89% | 1.77% | 1.78% | 1.35% |
| ▁▂▃▄▆▇▇█ | Tang. Book Value ($M) | $173 | $179 | $187 | $193 | $200 | $206 | $209 | $214 |
| ▁▂▃▄▅▄▅█ | Gross Loans ($M) | $858 | $873 | $884 | $893 | $905 | $894 | $904 | $942 |
| ▁▂▁▃▃▅▆█ | Total Deposits ($M) | $1,154 | $1,168 | $1,160 | $1,178 | $1,177 | $1,195 | $1,201 | $1,224 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 21% |
| Agricultural | 4% |
| Consumer | 4% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 43% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 9% |