Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.35% | +0.04 | 2.30% |
| Return on Equity (%) | ▲ | 21.34% | +1.88 | 19.46% |
| Net Interest Margin (%) | ▲ | 5.17% | +0.11 | 5.06% |
| Efficiency Ratio (%) | ▲ | 58.42% | -0.40 | 58.82% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.69 | $4 |
| Cost of Funds (%) | ▼ | 0.94% | +0.08 | 0.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $815 | +167.77 | $647 |
| Gross Loans ($M) | ▲ | $611 | +97.22 | $514 |
| Loan Growth YoY (%) | ▼ | 84.08% | -9.61 | 93.69% |
| Total Deposits ($M) | ▲ | $718 | +176.55 | $541 |
| Shareholders Equity ($M) | ▲ | $87 | +9.97 | $77 |
| Tang. Book Value ($M) | ▲ | $82 | +7.16 | $75 |
| TBV excl. AOCI ($M)** | ▲ | $89 | +7.79 | $81 |
| Loan / Deposit Ratio (%) | ▼ | 84.08% | -9.61 | 93.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.42% | +0.23 | 0.19% |
| Allowance / Loans (%) | — | 1.25% | -0.08% | 1.34% |
| Net Charge-Off Ratio (%) | ▼ | 0.54% | +0.52 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.67% | -1.64 | 14.31% |
Noninterest income ($2.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▇██▅█ | Net Interest Margin (%) | 4.52% | 4.56% | 4.88% | 5.06% | 5.17% | 5.23% | 4.95% | 5.17% |
| ▂▁█▄██▆▅ | Return on Assets (%) | 2.23% | 2.16% | 2.48% | 2.30% | 2.46% | 2.47% | 2.37% | 2.35% |
| ▆█▄▂▁▂▁▁ | Efficiency Ratio (%) | 61.5% | 62.6% | 60.0% | 58.8% | 58.0% | 58.8% | 58.6% | 58.4% |
| █▅▁▄▇▇▁▇ | Cost of Funds (%) | 0.97% | 0.88% | 0.78% | 0.85% | 0.94% | 0.93% | 0.75% | 0.94% |
| ██▁▁▁▁▂▂ | NPA / Assets (%) | 1.65% | 1.65% | 0.18% | 0.19% | 0.33% | 0.33% | 0.54% | 0.42% |
| ▁▁▁▁▃▃██ | Net Charge-Off Ratio (%) | 0.02% | 0.00% | 0.00% | 0.03% | 0.20% | 0.20% | 0.60% | 0.54% |
| ▁▁▃▄▆█▇█ | Tang. Book Value ($M) | $70 | $70 | $74 | $75 | $79 | $81 | $80 | $82 |
| ▁▁▃▄▅▅██ | Gross Loans ($M) | $423 | $435 | $472 | $514 | $540 | $525 | $612 | $611 |
| ▁▁▁▁▂▁██ | Total Deposits ($M) | $532 | $539 | $549 | $541 | $562 | $557 | $732 | $718 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Agricultural | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 1% |