Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.51% | +0.14 | 0.37% |
| Return on Equity (%) | ▲ | 5.65% | +1.32 | 4.33% |
| Net Interest Margin (%) | ▲ | 3.41% | +0.49 | 2.92% |
| Efficiency Ratio (%) | ▼ | 84.34% | +0.42 | 83.92% |
| Pre-Provision Profit ($M) | ▼ | $6 | -0.41 | $7 |
| Cost of Funds (%) | ▲ | 1.68% | -0.39 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,864 | -108.19 | $2,972 |
| Gross Loans ($M) | ▼ | $2,260 | -104.79 | $2,365 |
| Loan Growth YoY (%) | ▼ | 90.62% | -4.68 | 95.30% |
| Total Deposits ($M) | ▲ | $2,464 | +11.37 | $2,453 |
| Shareholders Equity ($M) | ▲ | $258 | +3.07 | $255 |
| Tang. Book Value ($M) | ▲ | $215 | +3.11 | $212 |
| TBV excl. AOCI ($M)** | ▲ | $233 | +5.20 | $228 |
| Loan / Deposit Ratio (%) | ▼ | 90.62% | -4.68 | 95.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.15% | +0.93 | 0.22% |
| Allowance / Loans (%) | — | 1.21% | 0.04% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 1.45% | +1.18 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.77% | +0.28 | 10.49% |
Noninterest income ($14.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅▇█ | Net Interest Margin (%) | 2.61% | 2.68% | 2.85% | 2.92% | 3.02% | 3.11% | 3.30% | 3.41% |
| ▆▅▁▅▆▇▅█ | Return on Assets (%) | 0.41% | 0.38% | 0.20% | 0.37% | 0.40% | 0.46% | 0.36% | 0.51% |
| ▁▂█▃▃▃▆▄ | Efficiency Ratio (%) | 81.6% | 82.5% | 88.1% | 83.9% | 83.8% | 83.7% | 86.3% | 84.3% |
| █▇▆▅▅▃▁▁ | Cost of Funds (%) | 2.37% | 2.27% | 2.13% | 2.08% | 2.08% | 1.90% | 1.76% | 1.68% |
| ▁▁▁▁▁▇██ | NPA / Assets (%) | 0.13% | 0.19% | 0.20% | 0.22% | 0.23% | 0.96% | 1.21% | 1.15% |
| ▁▁▁▁▁▇██ | Net Charge-Off Ratio (%) | 0.16% | 0.23% | 0.26% | 0.28% | 0.28% | 1.21% | 1.54% | 1.45% |
| ▁▃▄▅▄██▇ | Tang. Book Value ($M) | $207 | $210 | $212 | $212 | $211 | $217 | $216 | $215 |
| █▆▄▆▂▁▁▁ | Gross Loans ($M) | $2,406 | $2,359 | $2,323 | $2,365 | $2,292 | $2,277 | $2,274 | $2,260 |
| ▄▁▅▇▇▆██ | Total Deposits ($M) | $2,405 | $2,340 | $2,419 | $2,453 | $2,459 | $2,435 | $2,481 | $2,464 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 8% |