Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.74% | -0.81 | 2.55% |
| Return on Equity (%) | ▼ | 19.21% | -8.17 | 27.38% |
| Net Interest Margin (%) | ▼ | 4.83% | -0.34 | 5.17% |
| Efficiency Ratio (%) | ▼ | 64.89% | +9.51 | 55.38% |
| Pre-Provision Profit ($M) | ▼ | $7 | -2.30 | $9 |
| Cost of Funds (%) | ▼ | 1.35% | +0.04 | 1.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,350 | +18.56 | $1,331 |
| Gross Loans ($M) | ▼ | $1,100 | -2.84 | $1,102 |
| Loan Growth YoY (%) | ▼ | 88.74% | -3.51 | 92.25% |
| Total Deposits ($M) | ▲ | $1,230 | +43.46 | $1,186 |
| Shareholders Equity ($M) | ▼ | $110 | -24.78 | $135 |
| Tang. Book Value ($M) | ▼ | $107 | -24.65 | $131 |
| TBV excl. AOCI ($M)** | ▼ | $112 | -24.86 | $137 |
| Loan / Deposit Ratio (%) | ▼ | 88.74% | -3.51 | 92.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.75% | +0.79 | 0.97% |
| Allowance / Loans (%) | — | 0.77% | 0.02% | 0.75% |
| Net Charge-Off Ratio (%) | ▼ | 1.66% | +0.70 | 0.96% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.54% | -3.06 | 13.60% |
Noninterest income ($3.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▅▇▇▇▃▁ | Net Interest Margin (%) | 5.28% | 5.27% | 5.08% | 5.17% | 5.19% | 5.18% | 4.94% | 4.83% |
| ██▆▇▆▆▁▁ | Return on Assets (%) | 2.79% | 2.75% | 2.49% | 2.55% | 2.50% | 2.41% | 1.73% | 1.74% |
| ▁▁▂▂▂▃██ | Efficiency Ratio (%) | 53.8% | 54.0% | 55.5% | 55.4% | 56.9% | 57.7% | 66.3% | 64.9% |
| █▅▆▄▄▂▁▅ | Cost of Funds (%) | 1.51% | 1.36% | 1.39% | 1.32% | 1.29% | 1.19% | 1.13% | 1.35% |
| ▁▂▁▂▂▁██ | NPA / Assets (%) | 0.75% | 0.90% | 0.85% | 0.97% | 0.97% | 0.83% | 1.76% | 1.75% |
| ▁▃▃▃▂▁██ | Net Charge-Off Ratio (%) | 0.74% | 0.96% | 0.94% | 0.96% | 0.92% | 0.70% | 1.64% | 1.66% |
| ▅▅▅███▄▁ | Tang. Book Value ($M) | $120 | $120 | $122 | $131 | $132 | $132 | $116 | $107 |
| ▁▃█▄▃▅▄▄ | Gross Loans ($M) | $1,084 | $1,098 | $1,125 | $1,102 | $1,099 | $1,105 | $1,104 | $1,100 |
| ▂▇█▂▁▁▄▆ | Total Deposits ($M) | $1,180 | $1,235 | $1,257 | $1,186 | $1,176 | $1,167 | $1,206 | $1,230 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 20% |
| Agricultural | 4% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Interest-Bearing (core) | 92% |
| Brokered / Other | 7% |