Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.61% | +0.42 | 1.19% |
| Return on Equity (%) | ▲ | 16.61% | +3.44 | 13.17% |
| Net Interest Margin (%) | ▲ | 4.24% | +0.87 | 3.38% |
| Efficiency Ratio (%) | ▲ | 50.70% | -6.78 | 57.48% |
| Pre-Provision Profit ($M) | ▲ | $6 | +4.02 | $2 |
| Cost of Funds (%) | ▲ | 1.51% | -0.23 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,267 | +640.29 | $626 |
| Gross Loans ($M) | ▲ | $925 | +457.08 | $468 |
| Loan Growth YoY (%) | ▼ | 81.60% | -8.36 | 89.96% |
| Total Deposits ($M) | ▲ | $1,121 | +606.42 | $515 |
| Shareholders Equity ($M) | ▲ | $124 | +68.21 | $56 |
| Tang. Book Value ($M) | ▲ | $110 | +53.99 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $121 | +59.91 | $61 |
| Loan / Deposit Ratio (%) | ▼ | 81.60% | -8.36 | 89.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.58% | +0.54 | 0.04% |
| Allowance / Loans (%) | — | 1.07% | 0.08% | 0.99% |
| Net Charge-Off Ratio (%) | ▼ | 0.80% | +0.76 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▆██ | Net Interest Margin (%) | 3.03% | 3.08% | 3.34% | 3.38% | 3.62% | 3.93% | 4.18% | 4.24% |
| ▆▅▇▇▁▃██ | Return on Assets (%) | 0.97% | 0.78% | 1.20% | 1.19% | -0.09% | 0.52% | 1.59% | 1.61% |
| ▄▆▃▃█▆▁▁ | Efficiency Ratio (%) | 62.8% | 67.4% | 58.2% | 57.5% | 75.6% | 67.1% | 51.4% | 50.7% |
| ▇███▁▅▃▂ | Cost of Funds (%) | 1.71% | 1.77% | 1.76% | 1.74% | 1.44% | 1.63% | 1.54% | 1.51% |
| ▁▁▁▁▂▄██ | NPA / Assets (%) | 0.08% | 0.07% | 0.07% | 0.04% | 0.13% | 0.30% | 0.59% | 0.58% |
| ▁▁▁▁▂▄██ | Net Charge-Off Ratio (%) | 0.12% | 0.10% | 0.08% | 0.04% | 0.18% | 0.41% | 0.80% | 0.80% |
| ▁▁▁▁▇███ | Tang. Book Value ($M) | $55 | $53 | $55 | $56 | $99 | $104 | $108 | $110 |
| ▁▁▁▁████ | Gross Loans ($M) | $411 | $436 | $450 | $468 | $901 | $918 | $918 | $925 |
| ▁▁▁▁████ | Total Deposits ($M) | $497 | $490 | $507 | $515 | $1,106 | $1,112 | $1,116 | $1,121 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 8% |