Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.22% | +1.83 | 0.39% |
| Return on Equity (%) | ▲ | 22.13% | +18.73 | 3.40% |
| Net Interest Margin (%) | ▼ | 4.66% | -0.62 | 5.29% |
| Efficiency Ratio (%) | ▲ | 75.80% | -13.91 | 89.70% |
| Pre-Provision Profit ($M) | ▲ | $11 | +9.76 | $1 |
| Cost of Funds (%) | ▼ | 1.08% | +0.17 | 0.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,349 | +400.35 | $948 |
| Gross Loans ($M) | ▲ | $685 | +214.06 | $471 |
| Loan Growth YoY (%) | ▼ | 67.27% | -5.03 | 72.30% |
| Total Deposits ($M) | ▲ | $1,007 | +364.59 | $642 |
| Shareholders Equity ($M) | ▲ | $130 | +38.03 | $92 |
| Tang. Book Value ($M) | ▲ | $109 | +28.35 | $80 |
| TBV excl. AOCI ($M)** | ▲ | $130 | +32.89 | $97 |
| Loan / Deposit Ratio (%) | ▼ | 67.27% | -5.03 | 72.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.00% | +0.78 | 0.22% |
| Allowance / Loans (%) | — | 1.14% | -0.28% | 1.42% |
| Net Charge-Off Ratio (%) | ▼ | 1.94% | +1.51 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.62% | -2.84 | 16.45% |
Noninterest income ($23.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▆▅▄▁▂ | Net Interest Margin (%) | 5.51% | 5.63% | 5.67% | 5.29% | 5.12% | 4.99% | 4.40% | 4.66% |
| ▃▃▂▁▂▂▁█ | Return on Assets (%) | 0.74% | 0.79% | 0.45% | 0.39% | 0.48% | 0.52% | 0.15% | 2.22% |
| ▄▄▆▆▅▅█▁ | Efficiency Ratio (%) | 84.8% | 84.7% | 91.2% | 89.7% | 87.9% | 87.4% | 97.7% | 75.8% |
| ▃▁▁▆██▇▇ | Cost of Funds (%) | 0.63% | 0.36% | 0.33% | 0.91% | 1.26% | 1.24% | 1.10% | 1.08% |
| ▂▅▂▁▇▇▆█ | NPA / Assets (%) | 0.39% | 0.68% | 0.38% | 0.22% | 0.82% | 0.84% | 0.72% | 1.00% |
| ▁▄▁▁▇▇▆█ | Net Charge-Off Ratio (%) | 0.61% | 1.04% | 0.59% | 0.43% | 1.59% | 1.75% | 1.55% | 1.94% |
| ▁▁▁▁▁▂▂█ | Tang. Book Value ($M) | $82 | $80 | $81 | $80 | $84 | $86 | $87 | $109 |
| ▁▁▁▁▁▁▁█ | Gross Loans ($M) | $458 | $471 | $467 | $471 | $473 | $451 | $448 | $685 |
| ▁▁▁▁▁▁▂█ | Total Deposits ($M) | $615 | $606 | $621 | $642 | $637 | $631 | $659 | $1,007 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 6% |