Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.43% | +0.25 | 1.18% |
| Return on Equity (%) | ▲ | 12.32% | +1.72 | 10.60% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.25 | 3.48% |
| Efficiency Ratio (%) | ▲ | 53.16% | -3.90 | 57.06% |
| Pre-Provision Profit ($M) | ▲ | $14 | +1.66 | $12 |
| Cost of Funds (%) | ▲ | 1.69% | -0.29 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,187 | +224.76 | $2,963 |
| Gross Loans ($M) | ▲ | $2,405 | +148.11 | $2,257 |
| Loan Growth YoY (%) | ▲ | 99.15% | +1.89 | 97.26% |
| Total Deposits ($M) | ▲ | $2,402 | +104.16 | $2,298 |
| Shareholders Equity ($M) | ▲ | $362 | +27.20 | $335 |
| Tang. Book Value ($M) | ▲ | $274 | +27.80 | $246 |
| TBV excl. AOCI ($M)** | ▲ | $299 | +30.78 | $268 |
| Loan / Deposit Ratio (%) | ▲ | 99.15% | +1.89 | 97.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.36% | +0.44 | 0.92% |
| Allowance / Loans (%) | — | 0.98% | -0.00% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 1.70% | +0.60 | 1.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.92M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆█▇ | Net Interest Margin (%) | 3.24% | 3.29% | 3.42% | 3.48% | 3.55% | 3.62% | 3.83% | 3.74% |
| ▁▁▃▄▅▆██ | Return on Assets (%) | 0.97% | 1.01% | 1.10% | 1.18% | 1.25% | 1.31% | 1.45% | 1.43% |
| ██▆▄▃▂▁▁ | Efficiency Ratio (%) | 62.2% | 62.0% | 59.0% | 57.1% | 55.7% | 54.6% | 53.2% | 53.2% |
| ██▆▅▄▄▃▁ | Cost of Funds (%) | 2.22% | 2.17% | 2.06% | 1.98% | 1.93% | 1.90% | 1.82% | 1.69% |
| ▁▃▃▃▁▃██ | NPA / Assets (%) | 0.80% | 0.95% | 0.91% | 0.92% | 0.75% | 0.95% | 1.33% | 1.36% |
| ▁▃▂▃▁▃██ | Net Charge-Off Ratio (%) | 0.92% | 1.12% | 1.07% | 1.10% | 0.88% | 1.14% | 1.64% | 1.70% |
| ▁▁▂▂▅█▆█ | Tang. Book Value ($M) | $240 | $240 | $247 | $246 | $260 | $270 | $265 | $274 |
| ▅▄▄▁▅▆▃█ | Gross Loans ($M) | $2,345 | $2,323 | $2,322 | $2,257 | $2,349 | $2,360 | $2,304 | $2,405 |
| █▅▄▁▆▅█▆ | Total Deposits ($M) | $2,454 | $2,387 | $2,370 | $2,298 | $2,415 | $2,383 | $2,458 | $2,402 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 9% |