Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.59% | +0.17 | 1.42% |
| Return on Equity (%) | ▲ | 13.78% | +0.17 | 13.61% |
| Net Interest Margin (%) | ▲ | 4.25% | +0.13 | 4.12% |
| Efficiency Ratio (%) | ▲ | 57.32% | -0.38 | 57.70% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.05 | $4 |
| Cost of Funds (%) | ▲ | 1.57% | -0.12 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $836 | +24.97 | $811 |
| Gross Loans ($M) | ▲ | $659 | +22.81 | $636 |
| Loan Growth YoY (%) | ▲ | 99.49% | +6.02 | 93.47% |
| Total Deposits ($M) | ▼ | $651 | -20.67 | $672 |
| Shareholders Equity ($M) | ▲ | $97 | +11.47 | $86 |
| Tang. Book Value ($M) | ▲ | $95 | +11.49 | $83 |
| TBV excl. AOCI ($M)** | ▲ | $101 | +11.57 | $90 |
| Loan / Deposit Ratio (%) | ▲ | 99.49% | +6.02 | 93.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.22% | +0.99 | 0.23% |
| Allowance / Loans (%) | — | 1.65% | 0.40% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 1.55% | +1.26 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.45% | +0.41 | 16.04% |
Noninterest income ($1.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆▇███ | Net Interest Margin (%) | 3.79% | 3.84% | 3.95% | 4.12% | 4.17% | 4.24% | 4.22% | 4.25% |
| ▃▄▁▄▆▁██ | Return on Assets (%) | 1.40% | 1.42% | 1.33% | 1.42% | 1.49% | 1.30% | 1.56% | 1.59% |
| ▁▂█▅▄▄▄▄ | Efficiency Ratio (%) | 54.4% | 55.8% | 60.7% | 57.7% | 57.5% | 57.0% | 57.1% | 57.3% |
| █▇▅▄▅▁▁▁ | Cost of Funds (%) | 1.86% | 1.80% | 1.73% | 1.68% | 1.73% | 1.60% | 1.57% | 1.57% |
| ▁▁▁▁▂███ | NPA / Assets (%) | 0.15% | 0.10% | 0.22% | 0.23% | 0.30% | 1.35% | 1.28% | 1.22% |
| ▁▁▁▁▂███ | Net Charge-Off Ratio (%) | 0.20% | 0.13% | 0.28% | 0.29% | 0.38% | 1.70% | 1.62% | 1.55% |
| ▂▁▂▃▆▇▇█ | Tang. Book Value ($M) | $80 | $78 | $81 | $83 | $89 | $92 | $91 | $95 |
| ▁▁▃▅▅▆▆█ | Gross Loans ($M) | $607 | $613 | $622 | $636 | $639 | $643 | $642 | $659 |
| ▂▁▆█▆▆▅▅ | Total Deposits ($M) | $633 | $623 | $655 | $672 | $660 | $654 | $651 | $651 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 15% |
| Agricultural | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 8% |