Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.62% | +0.21 | 1.41% |
| Return on Equity (%) | ▲ | 16.27% | +0.28 | 15.99% |
| Net Interest Margin (%) | ▲ | 4.35% | +0.44 | 3.90% |
| Efficiency Ratio (%) | ▲ | 55.54% | -3.77 | 59.32% |
| Pre-Provision Profit ($M) | ▲ | $10 | +1.45 | $8 |
| Cost of Funds (%) | ▲ | 1.46% | -0.06 | 1.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,686 | +92.45 | $1,593 |
| Gross Loans ($M) | ▲ | $1,173 | +122.87 | $1,050 |
| Loan Growth YoY (%) | ▲ | 77.02% | +5.11 | 71.92% |
| Total Deposits ($M) | ▲ | $1,500 | +61.98 | $1,438 |
| Shareholders Equity ($M) | ▲ | $172 | +28.24 | $143 |
| Tang. Book Value ($M) | ▲ | $167 | +28.51 | $138 |
| TBV excl. AOCI ($M)** | ▲ | $185 | +30.25 | $154 |
| Loan / Deposit Ratio (%) | ▲ | 77.02% | +5.11 | 71.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.17% | +0.08 | 0.09% |
| Allowance / Loans (%) | — | 1.50% | -0.01% | 1.51% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.02 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.44% | +0.33 | 15.11% |
Noninterest income ($4.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅██ | Net Interest Margin (%) | 3.60% | 3.68% | 3.80% | 3.90% | 3.95% | 4.05% | 4.29% | 4.35% |
| ▁▁▁▃▄▅██ | Return on Assets (%) | 1.28% | 1.30% | 1.31% | 1.41% | 1.46% | 1.48% | 1.64% | 1.62% |
| ███▅▂▂▁▁ | Efficiency Ratio (%) | 61.9% | 61.9% | 61.7% | 59.3% | 56.8% | 56.8% | 55.1% | 55.5% |
| █▆▃▃▆▄▁▂ | Cost of Funds (%) | 1.73% | 1.65% | 1.51% | 1.52% | 1.64% | 1.53% | 1.39% | 1.46% |
| ▁▂▆▁▃▂▃█ | NPA / Assets (%) | 0.09% | 0.10% | 0.15% | 0.09% | 0.12% | 0.11% | 0.12% | 0.17% |
| ▁▃█▁▃▂▂▃ | Net Charge-Off Ratio (%) | 0.11% | 0.13% | 0.20% | 0.12% | 0.14% | 0.13% | 0.13% | 0.14% |
| ▁▁▂▃▅▇██ | Tang. Book Value ($M) | $127 | $124 | $131 | $138 | $150 | $157 | $162 | $167 |
| ▁▂▃▄▄▆██ | Gross Loans ($M) | $973 | $999 | $1,035 | $1,050 | $1,069 | $1,110 | $1,150 | $1,173 |
| ▁▁▃▅▆▆█▇ | Total Deposits ($M) | $1,336 | $1,349 | $1,389 | $1,438 | $1,474 | $1,456 | $1,526 | $1,500 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 15% |
| Agricultural | 1% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 8% |