Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.72% | -0.09 | 1.81% |
| Return on Equity (%) | ▼ | 16.19% | -0.56 | 16.75% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.03 | 3.61% |
| Efficiency Ratio (%) | ▲ | 65.80% | -1.14 | 66.94% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.82 | $4 |
| Cost of Funds (%) | ▲ | 1.86% | -0.05 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,130 | +97.72 | $1,032 |
| Gross Loans ($M) | ▲ | $901 | +54.52 | $846 |
| Loan Growth YoY (%) | ▼ | 95.64% | -6.33 | 101.97% |
| Total Deposits ($M) | ▲ | $935 | +111.04 | $824 |
| Shareholders Equity ($M) | ▲ | $119 | +5.55 | $113 |
| Tang. Book Value ($M) | ▲ | $114 | +6.04 | $108 |
| TBV excl. AOCI ($M)** | ▲ | $117 | +6.32 | $110 |
| Loan / Deposit Ratio (%) | ▼ | 95.64% | -6.33 | 101.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.71% | +0.21 | 0.50% |
| Allowance / Loans (%) | — | 0.68% | 0.02% | 0.66% |
| Net Charge-Off Ratio (%) | ▼ | 0.67% | +0.33 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($4.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇██▅█ | Net Interest Margin (%) | 3.29% | 3.34% | 3.42% | 3.61% | 3.68% | 3.66% | 3.50% | 3.63% |
| ▁▁█▇▇▆▆▅ | Return on Assets (%) | 1.46% | 1.41% | 1.93% | 1.81% | 1.86% | 1.74% | 1.77% | 1.72% |
| ▇█▁▄▂▅▃▂ | Efficiency Ratio (%) | 69.4% | 70.8% | 64.3% | 66.9% | 65.9% | 68.0% | 66.4% | 65.8% |
| █▆▂▂▂▁▁▁ | Cost of Funds (%) | 2.33% | 2.20% | 1.94% | 1.92% | 1.90% | 1.82% | 1.83% | 1.86% |
| ▁▁▄▄██▆█ | NPA / Assets (%) | 0.36% | 0.37% | 0.51% | 0.50% | 0.73% | 0.70% | 0.62% | 0.71% |
| ▃▂▆▁██▇█ | Net Charge-Off Ratio (%) | 0.43% | 0.39% | 0.58% | 0.33% | 0.66% | 0.68% | 0.61% | 0.67% |
| ▁▁▄▃▅▇█▅ | Tang. Book Value ($M) | $102 | $104 | $110 | $108 | $112 | $117 | $121 | $114 |
| ▃▃▁▁▃▄▃█ | Gross Loans ($M) | $858 | $858 | $840 | $846 | $858 | $870 | $862 | $901 |
| ▂▂▃▁▁▆█▆ | Total Deposits ($M) | $844 | $862 | $873 | $824 | $841 | $926 | $977 | $935 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 4% |
| Agricultural | 22% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 8% |