Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.12 | 1.11% |
| Return on Equity (%) | ▲ | 10.53% | +0.59 | 9.94% |
| Net Interest Margin (%) | ▲ | 3.65% | +0.38 | 3.27% |
| Efficiency Ratio (%) | ▲ | 63.53% | -4.37 | 67.91% |
| Pre-Provision Profit ($M) | ▲ | $12 | +3.21 | $9 |
| Cost of Funds (%) | ▲ | 1.53% | -0.46 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,882 | +114.58 | $2,767 |
| Gross Loans ($M) | ▼ | $2,062 | -31.00 | $2,093 |
| Loan Growth YoY (%) | ▼ | 81.50% | -4.26 | 85.76% |
| Total Deposits ($M) | ▲ | $2,498 | +89.83 | $2,409 |
| Shareholders Equity ($M) | ▲ | $344 | +24.89 | $319 |
| Tang. Book Value ($M) | ▲ | $295 | +25.46 | $269 |
| TBV excl. AOCI ($M)** | ▲ | $319 | +31.20 | $288 |
| Loan / Deposit Ratio (%) | ▼ | 81.50% | -4.26 | 85.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.41% | -0.34 | 0.75% |
| Allowance / Loans (%) | — | 1.26% | -0.06% | 1.32% |
| Net Charge-Off Ratio (%) | ▲ | 0.53% | -0.25 | 0.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.46% | +1.08 | 12.37% |
Noninterest income ($9.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▂▁▂▃▆█ | Net Interest Margin (%) | 3.46% | 3.48% | 3.35% | 3.27% | 3.35% | 3.40% | 3.55% | 3.65% |
| ▁▁▅▆████ | Return on Assets (%) | 0.82% | 0.78% | 1.01% | 1.11% | 1.20% | 1.23% | 1.22% | 1.23% |
| ▆▆▆█▄▄▁▂ | Efficiency Ratio (%) | 66.0% | 66.3% | 66.2% | 67.9% | 64.8% | 64.8% | 62.5% | 63.5% |
| ▆▆▅█▃▁▁▁ | Cost of Funds (%) | 1.85% | 1.84% | 1.78% | 1.99% | 1.70% | 1.59% | 1.56% | 1.53% |
| ▇▂▂██▅▆▁ | NPA / Assets (%) | 0.67% | 0.48% | 0.46% | 0.75% | 0.73% | 0.62% | 0.66% | 0.41% |
| ▇▁▁▇█▇█▃ | Net Charge-Off Ratio (%) | 0.79% | 0.33% | 0.36% | 0.78% | 0.90% | 0.83% | 0.91% | 0.53% |
| ▁▁▃▄▆▇██ | Tang. Book Value ($M) | $257 | $252 | $264 | $269 | $280 | $286 | $291 | $295 |
| █▅▃▄▂▁▁▂ | Gross Loans ($M) | $2,167 | $2,116 | $2,080 | $2,093 | $2,065 | $2,051 | $2,038 | $2,062 |
| ▁▄▅▃▅▇█▆ | Total Deposits ($M) | $2,330 | $2,426 | $2,449 | $2,409 | $2,452 | $2,523 | $2,554 | $2,498 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 16% |
| Agricultural | 2% |
| Consumer | 2% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 5% |