Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.90% | -0.42 | 1.32% |
| Return on Equity (%) | ▼ | 8.88% | -5.01 | 13.89% |
| Net Interest Margin (%) | ▼ | 4.39% | -0.07 | 4.46% |
| Efficiency Ratio (%) | ▼ | 67.02% | +8.77 | 58.25% |
| Pre-Provision Profit ($M) | ▼ | $5 | -1.81 | $7 |
| Cost of Funds (%) | ▲ | 2.04% | -0.06 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,912 | +502.69 | $1,410 |
| Gross Loans ($M) | ▲ | $1,549 | +422.21 | $1,127 |
| Loan Growth YoY (%) | ▲ | 105.79% | +0.23 | 105.56% |
| Total Deposits ($M) | ▲ | $1,447 | +390.84 | $1,057 |
| Shareholders Equity ($M) | ▲ | $174 | +16.53 | $158 |
| Tang. Book Value ($M) | ▲ | $156 | +9.18 | $147 |
| TBV excl. AOCI ($M)** | ▲ | $166 | +10.92 | $155 |
| Loan / Deposit Ratio (%) | ▲ | 105.79% | +0.23 | 105.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.62% | -0.24 | 0.85% |
| Allowance / Loans (%) | — | 1.15% | 0.13% | 1.02% |
| Net Charge-Off Ratio (%) | ▲ | 0.72% | -0.35 | 1.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▆██▅▅ | Net Interest Margin (%) | 4.18% | 4.23% | 4.38% | 4.46% | 4.51% | 4.55% | 4.38% | 4.39% |
| ▂▃▇███▇▁ | Return on Assets (%) | 0.96% | 1.03% | 1.24% | 1.32% | 1.33% | 1.33% | 1.23% | 0.90% |
| █▇▂▁▁▁▁█ | Efficiency Ratio (%) | 67.2% | 65.7% | 59.7% | 58.2% | 58.2% | 58.2% | 58.0% | 67.0% |
| █▆▄▄▃▃▁▂ | Cost of Funds (%) | 2.24% | 2.16% | 2.11% | 2.10% | 2.07% | 2.09% | 2.01% | 2.04% |
| ▁▁▆█▇▅█▅ | NPA / Assets (%) | 0.35% | 0.28% | 0.73% | 0.85% | 0.80% | 0.65% | 0.93% | 0.62% |
| ▂▁▇█▇▅█▄ | Net Charge-Off Ratio (%) | 0.45% | 0.35% | 0.92% | 1.07% | 0.99% | 0.80% | 1.10% | 0.72% |
| ▁▁▁▇████ | Tang. Book Value ($M) | $105 | $105 | $111 | $147 | $154 | $157 | $161 | $156 |
| ▁▁▂▂▃▄▅█ | Gross Loans ($M) | $1,005 | $1,069 | $1,105 | $1,127 | $1,197 | $1,253 | $1,320 | $1,549 |
| ▁▁▂▃▃▄▅█ | Total Deposits ($M) | $916 | $981 | $1,018 | $1,057 | $1,086 | $1,158 | $1,225 | $1,447 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 6% |
| Agricultural | 18% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 6% |