Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.19 | 0.98% |
| Return on Equity (%) | ▲ | 9.22% | +0.70 | 8.52% |
| Net Interest Margin (%) | ▲ | 4.02% | +0.62 | 3.40% |
| Efficiency Ratio (%) | ▲ | 61.87% | -5.81 | 67.68% |
| Pre-Provision Profit ($M) | ▲ | $10 | +2.33 | $8 |
| Cost of Funds (%) | ▲ | 1.14% | -0.29 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,219 | -83.83 | $2,303 |
| Gross Loans ($M) | ▼ | $1,703 | -15.96 | $1,719 |
| Loan Growth YoY (%) | ▲ | 92.84% | +3.97 | 88.87% |
| Total Deposits ($M) | ▼ | $1,820 | -100.96 | $1,921 |
| Shareholders Equity ($M) | ▲ | $286 | +17.36 | $268 |
| Tang. Book Value ($M) | ▲ | $187 | +18.96 | $168 |
| TBV excl. AOCI ($M)** | ▲ | $198 | +17.01 | $181 |
| Loan / Deposit Ratio (%) | ▲ | 92.84% | +3.97 | 88.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.03 | 0.23% |
| Allowance / Loans (%) | — | 0.80% | 0.09% | 0.70% |
| Net Charge-Off Ratio (%) | ▼ | 0.34% | +0.07 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.62% | +1.41 | 10.21% |
Noninterest income ($5.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅██ | Net Interest Margin (%) | 2.92% | 3.03% | 3.27% | 3.40% | 3.51% | 3.58% | 3.91% | 4.02% |
| ▁▂▅▆▇▇▅█ | Return on Assets (%) | 0.49% | 0.65% | 0.85% | 0.98% | 1.08% | 1.08% | 0.90% | 1.16% |
| █▆▄▃▂▂▂▁ | Efficiency Ratio (%) | 79.1% | 74.3% | 70.4% | 67.7% | 65.5% | 64.4% | 64.0% | 61.9% |
| █▇▅▃▃▁▁▁ | Cost of Funds (%) | 1.93% | 1.75% | 1.55% | 1.43% | 1.43% | 1.20% | 1.15% | 1.14% |
| ▂▅▇▇▁▁▂█ | NPA / Assets (%) | 0.14% | 0.20% | 0.24% | 0.23% | 0.11% | 0.12% | 0.15% | 0.26% |
| ▃▆▆▆▁▁▃█ | Net Charge-Off Ratio (%) | 0.19% | 0.27% | 0.28% | 0.28% | 0.12% | 0.14% | 0.19% | 0.34% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $158 | $158 | $163 | $168 | $174 | $179 | $182 | $187 |
| █▅▅▅▁▃▃▃ | Gross Loans ($M) | $1,755 | $1,727 | $1,724 | $1,719 | $1,683 | $1,707 | $1,701 | $1,703 |
| █▅██▃▂▂▁ | Total Deposits ($M) | $1,918 | $1,878 | $1,922 | $1,921 | $1,850 | $1,842 | $1,839 | $1,820 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 4% |