Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.80% | +1.03 | 0.77% |
| Return on Equity (%) | ▲ | 14.53% | +7.86 | 6.67% |
| Net Interest Margin (%) | ▲ | 4.55% | +0.17 | 4.38% |
| Efficiency Ratio (%) | ▲ | 50.54% | -19.31 | 69.84% |
| Pre-Provision Profit ($M) | ▲ | $20 | +5.67 | $14 |
| Cost of Funds (%) | ▲ | 1.13% | -0.14 | 1.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,304 | +61.20 | $3,243 |
| Gross Loans ($M) | ▲ | $2,432 | +73.36 | $2,358 |
| Loan Growth YoY (%) | ▲ | 94.24% | +2.64 | 91.60% |
| Total Deposits ($M) | ▲ | $2,555 | +6.80 | $2,548 |
| Shareholders Equity ($M) | ▲ | $407 | +32.58 | $375 |
| Tang. Book Value ($M) | ▲ | $337 | +36.25 | $300 |
| TBV excl. AOCI ($M)** | ▲ | $363 | +36.70 | $326 |
| Loan / Deposit Ratio (%) | ▲ | 94.24% | +2.64 | 91.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.00 | 0.31% |
| Allowance / Loans (%) | — | 0.99% | -0.05% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.40% | -0.02 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.30% | +0.69 | 13.61% |
Noninterest income ($5.97M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▇▇███ | Net Interest Margin (%) | 3.87% | 3.89% | 4.29% | 4.38% | 4.43% | 4.48% | 4.48% | 4.55% |
| ▇▇▁▄▆▆██ | Return on Assets (%) | 1.44% | 1.38% | -0.00% | 0.77% | 1.17% | 1.23% | 1.75% | 1.80% |
| ▃▃█▅▄▃▁▁ | Efficiency Ratio (%) | 59.4% | 60.4% | 81.7% | 69.8% | 62.6% | 59.7% | 52.1% | 50.5% |
| ▁▁▃██▇▅▄ | Cost of Funds (%) | 1.00% | 1.01% | 1.10% | 1.27% | 1.25% | 1.22% | 1.16% | 1.13% |
| ▁▃▆▅▄█▁▅ | NPA / Assets (%) | 0.29% | 0.30% | 0.32% | 0.31% | 0.31% | 0.33% | 0.29% | 0.31% |
| ▁▂▅▅▅█▂▂ | Net Charge-Off Ratio (%) | 0.39% | 0.40% | 0.43% | 0.43% | 0.43% | 0.45% | 0.41% | 0.40% |
| ▁▁▅▅▇███ | Tang. Book Value ($M) | $251 | $247 | $295 | $300 | $317 | $326 | $336 | $337 |
| ▁▁██████ | Gross Loans ($M) | $1,678 | $1,683 | $2,344 | $2,358 | $2,353 | $2,359 | $2,364 | $2,432 |
| ▁▁██████ | Total Deposits ($M) | $1,809 | $1,813 | $2,558 | $2,548 | $2,487 | $2,476 | $2,548 | $2,555 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 6% |