Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.41% | +0.20 | 1.21% |
| Return on Equity (%) | ▲ | 15.37% | +1.68 | 13.69% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.31 | 3.51% |
| Efficiency Ratio (%) | ▲ | 53.06% | -4.35 | 57.40% |
| Pre-Provision Profit ($M) | ▲ | $12 | +2.55 | $9 |
| Cost of Funds (%) | ▲ | 1.99% | -0.10 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,258 | +225.81 | $2,032 |
| Gross Loans ($M) | ▲ | $1,783 | +189.58 | $1,593 |
| Loan Growth YoY (%) | ▼ | 89.69% | -1.73 | 91.42% |
| Total Deposits ($M) | ▲ | $1,968 | +242.55 | $1,726 |
| Shareholders Equity ($M) | ▲ | $204 | +22.37 | $182 |
| Tang. Book Value ($M) | ▲ | $197 | +22.57 | $174 |
| TBV excl. AOCI ($M)** | ▲ | $209 | +23.07 | $186 |
| Loan / Deposit Ratio (%) | ▼ | 89.69% | -1.73 | 91.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.03 | 0.29% |
| Allowance / Loans (%) | — | 1.00% | 0.00% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.30% | -0.04 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.08% | +0.26 | 11.82% |
Noninterest income ($3.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆██ | Net Interest Margin (%) | 3.38% | 3.41% | 3.39% | 3.51% | 3.63% | 3.70% | 3.81% | 3.81% |
| ▁▁▁▃▄▄▇█ | Return on Assets (%) | 1.14% | 1.17% | 1.16% | 1.21% | 1.25% | 1.25% | 1.36% | 1.41% |
| ██▇▆▇▇▂▁ | Efficiency Ratio (%) | 59.5% | 58.8% | 58.4% | 57.4% | 57.9% | 58.6% | 54.2% | 53.1% |
| ██▆▅▅▁▁▃ | Cost of Funds (%) | 2.22% | 2.19% | 2.14% | 2.09% | 2.07% | 1.94% | 1.90% | 1.99% |
| ▁▁▂▂▂█▅▁ | NPA / Assets (%) | 0.27% | 0.26% | 0.28% | 0.29% | 0.28% | 0.40% | 0.34% | 0.26% |
| ▂▃▂▂▂█▅▁ | Net Charge-Off Ratio (%) | 0.34% | 0.34% | 0.33% | 0.34% | 0.32% | 0.46% | 0.39% | 0.30% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $163 | $162 | $168 | $174 | $181 | $187 | $191 | $197 |
| ▁▁▁▃▄▅▇█ | Gross Loans ($M) | $1,511 | $1,532 | $1,531 | $1,593 | $1,646 | $1,672 | $1,741 | $1,783 |
| ▁▃▃▂▄▄▆█ | Total Deposits ($M) | $1,659 | $1,743 | $1,748 | $1,726 | $1,807 | $1,790 | $1,885 | $1,968 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 14% |