Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.24 | 1.05% |
| Return on Equity (%) | ▲ | 14.25% | +1.35 | 12.90% |
| Net Interest Margin (%) | ▲ | 2.95% | +0.38 | 2.57% |
| Efficiency Ratio (%) | ▲ | 56.90% | -3.98 | 60.88% |
| Pre-Provision Profit ($M) | ▲ | $9 | +1.22 | $8 |
| Cost of Funds (%) | ▲ | 2.08% | -0.24 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,496 | +78.91 | $2,417 |
| Gross Loans ($M) | ▲ | $1,676 | +78.97 | $1,597 |
| Loan Growth YoY (%) | ▲ | 84.43% | +0.97 | 83.46% |
| Total Deposits ($M) | ▲ | $1,958 | +70.98 | $1,887 |
| Shareholders Equity ($M) | ▲ | $229 | +23.51 | $206 |
| Tang. Book Value ($M) | ▲ | $214 | +23.80 | $190 |
| TBV excl. AOCI ($M)** | ▲ | $246 | +23.54 | $223 |
| Loan / Deposit Ratio (%) | ▲ | 84.43% | +0.97 | 83.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.18% | -0.07 | 0.25% |
| Allowance / Loans (%) | — | 1.37% | -0.02% | 1.39% |
| Net Charge-Off Ratio (%) | ▲ | 0.26% | -0.10 | 0.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.21M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅▇█ | Net Interest Margin (%) | 2.21% | 2.25% | 2.45% | 2.57% | 2.60% | 2.65% | 2.85% | 2.95% |
| ▁▂▃▅▅▇██ | Return on Assets (%) | 0.73% | 0.83% | 0.92% | 1.05% | 1.06% | 1.17% | 1.25% | 1.29% |
| █▇▆▄▄▂▁▁ | Efficiency Ratio (%) | 66.9% | 64.6% | 63.7% | 60.9% | 60.8% | 58.9% | 56.9% | 56.9% |
| █▇▄▄▄▃▁▁ | Cost of Funds (%) | 2.66% | 2.54% | 2.26% | 2.32% | 2.32% | 2.23% | 2.01% | 2.08% |
| ▅▄▃█▁▂▃▁ | NPA / Assets (%) | 0.22% | 0.21% | 0.20% | 0.25% | 0.18% | 0.19% | 0.20% | 0.18% |
| ▆▄▄█▁▂▄▁ | Net Charge-Off Ratio (%) | 0.33% | 0.30% | 0.30% | 0.36% | 0.27% | 0.28% | 0.30% | 0.26% |
| ▂▁▃▄▆▇██ | Tang. Book Value ($M) | $181 | $171 | $184 | $190 | $202 | $208 | $213 | $214 |
| ▁▂▂▃▅▆▇█ | Gross Loans ($M) | $1,550 | $1,576 | $1,573 | $1,597 | $1,623 | $1,642 | $1,658 | $1,676 |
| ▁▁▆▁▅▅█▆ | Total Deposits ($M) | $1,897 | $1,891 | $1,957 | $1,887 | $1,937 | $1,946 | $1,986 | $1,958 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 5% |
| Agricultural | 28% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 18% |