Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.33% | -0.64 | 1.97% |
| Return on Equity (%) | ▼ | 10.67% | -3.82 | 14.49% |
| Net Interest Margin (%) | ▼ | 4.87% | -0.59 | 5.47% |
| Efficiency Ratio (%) | ▼ | 64.88% | +8.57 | 56.30% |
| Pre-Provision Profit ($M) | ▼ | $9 | -3.04 | $12 |
| Cost of Funds (%) | ▼ | 1.19% | +0.26 | 0.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,618 | +137.30 | $1,481 |
| Gross Loans ($M) | ▲ | $1,257 | +168.93 | $1,088 |
| Loan Growth YoY (%) | ▲ | 89.28% | +2.79 | 86.50% |
| Total Deposits ($M) | ▲ | $1,389 | +147.91 | $1,241 |
| Shareholders Equity ($M) | ▼ | $187 | -17.58 | $204 |
| Tang. Book Value ($M) | ▼ | $186 | -17.49 | $204 |
| TBV excl. AOCI ($M)** | ▼ | $199 | -17.15 | $217 |
| Loan / Deposit Ratio (%) | ▲ | 89.28% | +2.79 | 86.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.75% | +0.91 | 1.84% |
| Allowance / Loans (%) | — | 1.40% | -0.01% | 1.41% |
| Net Charge-Off Ratio (%) | ▼ | 3.54% | +1.12 | 2.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.57% | -3.79 | 19.36% |
Noninterest income ($5.97M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▇██▇▆▁▁ | Net Interest Margin (%) | 5.33% | 5.39% | 5.51% | 5.47% | 5.41% | 5.33% | 4.91% | 4.87% |
| ██▇▅▅▃▁▁ | Return on Assets (%) | 2.38% | 2.47% | 2.21% | 1.97% | 1.89% | 1.65% | 1.24% | 1.33% |
| ▁▁▄▃▄▄█▇ | Efficiency Ratio (%) | 50.8% | 49.3% | 56.7% | 56.3% | 57.2% | 58.1% | 68.5% | 64.9% |
| ▂▂▁▄▄▄▆█ | Cost of Funds (%) | 0.84% | 0.83% | 0.75% | 0.92% | 0.93% | 0.95% | 1.04% | 1.19% |
| ▁▁▂▅▅▅▆█ | NPA / Assets (%) | 0.87% | 0.72% | 0.99% | 1.84% | 1.92% | 1.76% | 2.21% | 2.75% |
| ▁▁▂▅▅▅▆█ | Net Charge-Off Ratio (%) | 1.32% | 1.02% | 1.42% | 2.42% | 2.44% | 2.33% | 2.84% | 3.54% |
| ▃▄▆▅▇█▁▁ | Tang. Book Value ($M) | $197 | $202 | $209 | $204 | $214 | $220 | $185 | $186 |
| ▁▃▃▃▅▇██ | Gross Loans ($M) | $994 | $1,067 | $1,088 | $1,088 | $1,142 | $1,192 | $1,225 | $1,257 |
| ▃▃▅▁▂▆▆█ | Total Deposits ($M) | $1,289 | $1,286 | $1,322 | $1,241 | $1,260 | $1,344 | $1,346 | $1,389 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 24% |
| Agricultural | 4% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 53% |
| Interest-Bearing (core) | 27% |
| Brokered / Other | 21% |