Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.08% | +0.27 | 1.82% |
| Return on Equity (%) | ▲ | 20.11% | +0.25 | 19.86% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.40 | 3.46% |
| Efficiency Ratio (%) | ▲ | 49.34% | -4.56 | 53.90% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.86 | $6 |
| Cost of Funds (%) | ▲ | 1.98% | -0.41 | 2.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,233 | +42.08 | $1,191 |
| Gross Loans ($M) | ▲ | $996 | +58.14 | $938 |
| Loan Growth YoY (%) | ▲ | 90.89% | +4.15 | 86.74% |
| Total Deposits ($M) | ▲ | $1,082 | +14.56 | $1,067 |
| Shareholders Equity ($M) | ▲ | $135 | +17.64 | $118 |
| Tang. Book Value ($M) | ▲ | $135 | +17.64 | $118 |
| TBV excl. AOCI ($M)** | ▲ | $142 | +17.32 | $125 |
| Loan / Deposit Ratio (%) | ▲ | 90.89% | +4.15 | 86.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.03 | 0.16% |
| Allowance / Loans (%) | — | 1.31% | -0.02% | 1.33% |
| Net Charge-Off Ratio (%) | ▲ | 0.14% | -0.07 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.34% | +0.61 | 12.72% |
Noninterest income ($2.26M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▆▇█ | Net Interest Margin (%) | 3.03% | 3.07% | 3.30% | 3.46% | 3.60% | 3.64% | 3.74% | 3.86% |
| ▁▁▃▆▇▆██ | Return on Assets (%) | 1.36% | 1.34% | 1.60% | 1.82% | 1.93% | 1.86% | 2.01% | 2.08% |
| ██▇▄▃▄▁▁ | Efficiency Ratio (%) | 59.4% | 59.6% | 57.2% | 53.9% | 52.0% | 53.8% | 49.1% | 49.3% |
| █▆▆▅▃▁▁▁ | Cost of Funds (%) | 2.80% | 2.54% | 2.59% | 2.39% | 2.26% | 2.03% | 2.08% | 1.98% |
| ▂▁▃▇▂▂▇█ | NPA / Assets (%) | 0.07% | 0.04% | 0.08% | 0.16% | 0.07% | 0.07% | 0.16% | 0.19% |
| ▁▁▃█▂▃▃▅ | Net Charge-Off Ratio (%) | 0.05% | 0.05% | 0.10% | 0.21% | 0.07% | 0.09% | 0.09% | 0.14% |
| ▂▁▂▄▆▅▇█ | Tang. Book Value ($M) | $109 | $105 | $110 | $118 | $126 | $124 | $129 | $135 |
| ▁▂▁▂▃▅▃█ | Gross Loans ($M) | $927 | $932 | $919 | $938 | $941 | $963 | $944 | $996 |
| ▁█▂▁▁█▂▂ | Total Deposits ($M) | $1,068 | $1,147 | $1,078 | $1,067 | $1,060 | $1,157 | $1,082 | $1,082 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 15% |
| Agricultural | 6% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 9% |