Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.67% | +0.41 | 1.26% |
| Return on Equity (%) | ▲ | 16.14% | +3.40 | 12.74% |
| Net Interest Margin (%) | ▲ | 3.92% | +0.48 | 3.44% |
| Efficiency Ratio (%) | ▲ | 48.73% | -5.82 | 54.55% |
| Pre-Provision Profit ($M) | ▲ | $9 | +1.96 | $7 |
| Cost of Funds (%) | ▲ | 1.40% | -0.24 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,592 | +33.81 | $1,558 |
| Gross Loans ($M) | ▲ | $1,068 | +23.98 | $1,044 |
| Loan Growth YoY (%) | ▼ | 79.51% | -1.55 | 81.06% |
| Total Deposits ($M) | ▲ | $1,327 | +53.10 | $1,274 |
| Shareholders Equity ($M) | ▲ | $164 | +6.74 | $157 |
| Tang. Book Value ($M) | ▲ | $159 | +8.09 | $151 |
| TBV excl. AOCI ($M)** | ▲ | $176 | +7.76 | $168 |
| Loan / Deposit Ratio (%) | ▼ | 79.51% | -1.55 | 81.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.05 | 0.22% |
| Allowance / Loans (%) | — | 1.14% | 0.12% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.40% | +0.07 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆██ | Net Interest Margin (%) | 3.00% | 3.07% | 3.33% | 3.44% | 3.56% | 3.65% | 3.83% | 3.92% |
| ▁▁▁▄▅▅██ | Return on Assets (%) | 0.97% | 0.98% | 1.06% | 1.26% | 1.39% | 1.39% | 1.61% | 1.67% |
| ██▆▄▃▃▁▁ | Efficiency Ratio (%) | 60.9% | 60.5% | 56.9% | 54.6% | 53.1% | 52.0% | 50.0% | 48.7% |
| █▇▅▅▅▃▁▁ | Cost of Funds (%) | 1.81% | 1.72% | 1.65% | 1.65% | 1.62% | 1.54% | 1.42% | 1.40% |
| ▄▅▅▁█▄▅▅ | NPA / Assets (%) | 0.26% | 0.27% | 0.27% | 0.22% | 0.31% | 0.26% | 0.27% | 0.27% |
| ▄▅▃▁█▄▅▅ | Net Charge-Off Ratio (%) | 0.39% | 0.41% | 0.37% | 0.33% | 0.46% | 0.39% | 0.40% | 0.40% |
| ▁▁▄▅▇███ | Tang. Book Value ($M) | $140 | $138 | $146 | $151 | $157 | $158 | $158 | $159 |
| ▁▃▄▆▇█▇█ | Gross Loans ($M) | $988 | $1,012 | $1,027 | $1,044 | $1,056 | $1,058 | $1,053 | $1,068 |
| ▁▂▃▄▃▅▆█ | Total Deposits ($M) | $1,232 | $1,249 | $1,265 | $1,274 | $1,266 | $1,285 | $1,300 | $1,327 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 12% |