Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.69% | +0.41 | 1.28% |
| Return on Equity (%) | ▲ | 15.00% | +2.71 | 12.29% |
| Net Interest Margin (%) | ▲ | 4.30% | +0.36 | 3.94% |
| Efficiency Ratio (%) | ▲ | 49.43% | -8.77 | 58.20% |
| Pre-Provision Profit ($M) | ▲ | $10 | +2.64 | $8 |
| Cost of Funds (%) | ▲ | 1.59% | -0.11 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,669 | +55.77 | $1,613 |
| Gross Loans ($M) | ▲ | $1,208 | +47.75 | $1,160 |
| Loan Growth YoY (%) | ▼ | 83.48% | -0.94 | 84.42% |
| Total Deposits ($M) | ▲ | $1,434 | +72.34 | $1,362 |
| Shareholders Equity ($M) | ▲ | $194 | +22.18 | $172 |
| Tang. Book Value ($M) | ▲ | $160 | +24.34 | $136 |
| TBV excl. AOCI ($M)** | ▲ | $177 | +26.11 | $151 |
| Loan / Deposit Ratio (%) | ▼ | 83.48% | -0.94 | 84.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.53% | -0.33 | 0.86% |
| Allowance / Loans (%) | — | 0.85% | -0.03% | 0.88% |
| Net Charge-Off Ratio (%) | ▲ | 0.74% | -0.45 | 1.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.74% | +1.41 | 15.33% |
Noninterest income ($3.86M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▇██ | Net Interest Margin (%) | 3.42% | 3.49% | 3.82% | 3.94% | 4.02% | 4.09% | 4.23% | 4.30% |
| ▁▂▁▃▅▆██ | Return on Assets (%) | 1.16% | 1.20% | 1.11% | 1.28% | 1.41% | 1.50% | 1.68% | 1.69% |
| ▆▅█▅▄▃▂▁ | Efficiency Ratio (%) | 58.6% | 57.6% | 63.9% | 58.2% | 55.4% | 54.0% | 51.4% | 49.4% |
| █▆▄▄▃▂▁▂ | Cost of Funds (%) | 2.00% | 1.88% | 1.74% | 1.70% | 1.68% | 1.59% | 1.51% | 1.59% |
| ▁▃▅▇█▄▁▁ | NPA / Assets (%) | 0.54% | 0.64% | 0.77% | 0.86% | 0.94% | 0.71% | 0.55% | 0.53% |
| ▁▃▅▇█▄▁▁ | Net Charge-Off Ratio (%) | 0.76% | 0.89% | 1.07% | 1.19% | 1.32% | 0.98% | 0.77% | 0.74% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $126 | $125 | $131 | $136 | $145 | $153 | $153 | $160 |
| ▁▂▃▄▅▆▆█ | Gross Loans ($M) | $1,115 | $1,128 | $1,146 | $1,160 | $1,171 | $1,178 | $1,182 | $1,208 |
| ▁▁▃▄▆▆█▇ | Total Deposits ($M) | $1,291 | $1,293 | $1,339 | $1,362 | $1,398 | $1,413 | $1,458 | $1,434 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 5% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 7% |