Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.33% | +0.17 | 1.16% |
| Return on Equity (%) | ▲ | 11.71% | +0.49 | 11.22% |
| Net Interest Margin (%) | ▲ | 4.27% | +0.42 | 3.84% |
| Efficiency Ratio (%) | ▲ | 61.14% | -1.61 | 62.75% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.80 | $7 |
| Cost of Funds (%) | ▲ | 1.21% | -0.28 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,601 | -18.52 | $1,620 |
| Gross Loans ($M) | ▼ | $1,106 | -15.84 | $1,122 |
| Loan Growth YoY (%) | ▼ | 83.38% | -3.21 | 86.59% |
| Total Deposits ($M) | ▲ | $1,311 | +31.59 | $1,280 |
| Shareholders Equity ($M) | ▲ | $185 | +16.32 | $169 |
| Tang. Book Value ($M) | ▲ | $148 | +16.62 | $131 |
| TBV excl. AOCI ($M)** | ▲ | $165 | +16.03 | $149 |
| Loan / Deposit Ratio (%) | ▼ | 83.38% | -3.21 | 86.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.81% | -0.24 | 1.06% |
| Allowance / Loans (%) | — | 1.14% | -0.08% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 1.18% | -0.33 | 1.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.45% | +1.14 | 12.31% |
Noninterest income ($4.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▅▆██ | Net Interest Margin (%) | 3.32% | 3.41% | 3.81% | 3.84% | 3.89% | 3.96% | 4.26% | 4.27% |
| ▁▁▆▆▆▆██ | Return on Assets (%) | 0.86% | 0.87% | 1.20% | 1.16% | 1.18% | 1.20% | 1.31% | 1.33% |
| ██▃▂▁▁▁▁ | Efficiency Ratio (%) | 69.2% | 68.8% | 63.9% | 62.7% | 62.1% | 62.1% | 61.2% | 61.1% |
| █▅▄▄▅▃▁▁ | Cost of Funds (%) | 1.77% | 1.55% | 1.48% | 1.48% | 1.55% | 1.41% | 1.22% | 1.21% |
| ▅▅▅█▁▁▁▄ | NPA / Assets (%) | 0.89% | 0.85% | 0.85% | 1.06% | 0.62% | 0.62% | 0.65% | 0.81% |
| ▆▅▅█▁▁▁▄ | Net Charge-Off Ratio (%) | 1.33% | 1.24% | 1.23% | 1.51% | 0.89% | 0.90% | 0.94% | 1.18% |
| ▂▁▂▄▆▇▇█ | Tang. Book Value ($M) | $124 | $120 | $126 | $131 | $138 | $143 | $143 | $148 |
| ▁▄▅███▇▇ | Gross Loans ($M) | $1,005 | $1,055 | $1,077 | $1,122 | $1,121 | $1,116 | $1,101 | $1,106 |
| ▁▄▅▁▄█▄▃ | Total Deposits ($M) | $1,286 | $1,335 | $1,345 | $1,280 | $1,334 | $1,395 | $1,331 | $1,311 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 16% |
| Agricultural | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 5% |