Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.12 | 0.73% |
| Return on Equity (%) | ▲ | 8.77% | +1.19 | 7.58% |
| Net Interest Margin (%) | ▲ | 3.27% | +0.12 | 3.15% |
| Efficiency Ratio (%) | ▲ | 79.80% | -0.08 | 79.88% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.26 | $3 |
| Cost of Funds (%) | ▲ | 2.20% | -0.34 | 2.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $897 | +83.13 | $814 |
| Gross Loans ($M) | ▲ | $691 | +38.25 | $653 |
| Loan Growth YoY (%) | ▲ | 99.41% | +0.46 | 98.95% |
| Total Deposits ($M) | ▲ | $686 | +36.40 | $650 |
| Shareholders Equity ($M) | ▲ | $85 | +5.19 | $80 |
| Tang. Book Value ($M) | ▲ | $74 | +5.33 | $69 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +5.85 | $72 |
| Loan / Deposit Ratio (%) | ▲ | 99.41% | +0.46 | 98.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.58% | -0.53 | 2.11% |
| Allowance / Loans (%) | — | 1.26% | -0.22% | 1.48% |
| Net Charge-Off Ratio (%) | ▲ | 1.99% | -0.64 | 2.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.80% | +0.18 | 10.63% |
Noninterest income ($9.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▁▇█▇▄ | Net Interest Margin (%) | 3.10% | 3.13% | 3.27% | 3.15% | 3.44% | 3.54% | 3.49% | 3.27% |
| ▄▄▁▆▆▆██ | Return on Assets (%) | 0.61% | 0.60% | 0.44% | 0.73% | 0.72% | 0.73% | 0.83% | 0.85% |
| ▁▁█▇███▇ | Efficiency Ratio (%) | 71.1% | 71.4% | 81.2% | 79.9% | 80.3% | 80.5% | 80.3% | 79.8% |
| █▆▄▅▅▄▁▁ | Cost of Funds (%) | 2.87% | 2.68% | 2.47% | 2.54% | 2.58% | 2.49% | 2.24% | 2.20% |
| ▁▁▂█▅▃▄▆ | NPA / Assets (%) | 0.74% | 0.68% | 0.91% | 2.11% | 1.56% | 1.21% | 1.34% | 1.58% |
| ▁▁▂█▅▄▄▆ | Net Charge-Off Ratio (%) | 0.91% | 0.84% | 1.10% | 2.63% | 1.94% | 1.55% | 1.66% | 1.99% |
| ▁▃▄▅▇▇██ | Tang. Book Value ($M) | $60 | $65 | $66 | $69 | $71 | $72 | $73 | $74 |
| ▁▃▄▄▄▄██ | Gross Loans ($M) | $626 | $644 | $656 | $653 | $654 | $655 | $691 | $691 |
| ▁▃▃▂▃█▅▇ | Total Deposits ($M) | $643 | $657 | $658 | $650 | $658 | $700 | $677 | $686 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 27% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 3% |