Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.38% | -0.05 | 0.44% |
| Return on Equity (%) | ▼ | 4.31% | -0.80 | 5.11% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.10 | 3.64% |
| Efficiency Ratio (%) | ▲ | 79.74% | -0.33 | 80.06% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.74 | $3 |
| Cost of Funds (%) | ▲ | 1.38% | -0.08 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,564 | +50.80 | $1,514 |
| Gross Loans ($M) | ▲ | $1,015 | +3.39 | $1,011 |
| Loan Growth YoY (%) | ▼ | 72.89% | -5.47 | 78.36% |
| Total Deposits ($M) | ▲ | $1,376 | +102.22 | $1,273 |
| Shareholders Equity ($M) | ▲ | $139 | +7.93 | $131 |
| Tang. Book Value ($M) | ▲ | $130 | +9.73 | $120 |
| TBV excl. AOCI ($M)** | ▲ | $151 | +11.74 | $139 |
| Loan / Deposit Ratio (%) | ▼ | 72.89% | -5.47 | 78.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.45% | +0.11 | 0.35% |
| Allowance / Loans (%) | — | 1.19% | -0.15% | 1.34% |
| Net Charge-Off Ratio (%) | ▼ | 0.70% | +0.18 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.27% | +0.21 | 13.06% |
Noninterest income ($4.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▇██▇█ | Net Interest Margin (%) | 3.21% | 3.25% | 3.61% | 3.64% | 3.71% | 3.72% | 3.67% | 3.74% |
| ▁▃▆▇▇█▃▆ | Return on Assets (%) | 0.14% | 0.24% | 0.42% | 0.44% | 0.47% | 0.53% | 0.27% | 0.38% |
| █▅▃▃▃▁▆▃ | Efficiency Ratio (%) | 84.5% | 81.9% | 79.9% | 80.1% | 79.5% | 77.7% | 82.5% | 79.7% |
| █▅▃▃▃▁▁▁ | Cost of Funds (%) | 1.82% | 1.63% | 1.46% | 1.45% | 1.46% | 1.33% | 1.33% | 1.38% |
| ▁▁▁▅▄██▆ | NPA / Assets (%) | 0.06% | 0.03% | 0.05% | 0.35% | 0.31% | 0.66% | 0.62% | 0.45% |
| ▁▁▁▅▄██▆ | Net Charge-Off Ratio (%) | 0.08% | 0.04% | 0.08% | 0.52% | 0.45% | 0.98% | 0.97% | 0.70% |
| ▁▂▃▄▆▇██ | Tang. Book Value ($M) | $111 | $114 | $118 | $120 | $125 | $127 | $129 | $130 |
| ██▃▅▁▅▂▆ | Gross Loans ($M) | $1,021 | $1,024 | $1,005 | $1,011 | $998 | $1,011 | $1,003 | $1,015 |
| ▂▁▁▁▁▂█▇ | Total Deposits ($M) | $1,299 | $1,277 | $1,286 | $1,273 | $1,280 | $1,298 | $1,397 | $1,376 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 17% |
| Agricultural | 3% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 8% |