Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.53% | +0.61 | 1.92% |
| Return on Equity (%) | ▲ | 23.76% | +2.87 | 20.89% |
| Net Interest Margin (%) | ▲ | 4.27% | +0.32 | 3.96% |
| Efficiency Ratio (%) | ▲ | 51.88% | -5.23 | 57.11% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.56 | $4 |
| Cost of Funds (%) | ▲ | 1.24% | -0.14 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $748 | +1.94 | $746 |
| Gross Loans ($M) | ▲ | $503 | +26.73 | $476 |
| Loan Growth YoY (%) | ▲ | 77.29% | +4.33 | 72.97% |
| Total Deposits ($M) | ▼ | $642 | -2.34 | $645 |
| Shareholders Equity ($M) | ▲ | $81 | +11.46 | $70 |
| Tang. Book Value ($M) | ▲ | $76 | +11.48 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +11.94 | $74 |
| Loan / Deposit Ratio (%) | ▲ | 77.29% | +4.33 | 72.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.24% | +0.05 | 0.19% |
| Allowance / Loans (%) | — | 1.35% | 0.06% | 1.29% |
| Net Charge-Off Ratio (%) | ▼ | 0.35% | +0.09 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.40% | +0.70 | 18.70% |
Noninterest income ($1.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▆▇█ | Net Interest Margin (%) | 3.84% | 3.87% | 3.83% | 3.96% | 4.05% | 4.11% | 4.21% | 4.27% |
| ▁▁▁▂▂▃█▆ | Return on Assets (%) | 1.70% | 1.69% | 1.74% | 1.92% | 1.97% | 1.97% | 2.82% | 2.53% |
| ███▆▅▅▁▁ | Efficiency Ratio (%) | 60.0% | 60.2% | 59.2% | 57.1% | 56.2% | 56.1% | 52.1% | 51.9% |
| ██▇▆▅▄▁▁ | Cost of Funds (%) | 1.43% | 1.44% | 1.40% | 1.38% | 1.34% | 1.31% | 1.22% | 1.24% |
| █▆▆▁▃▄▅▄ | NPA / Assets (%) | 0.31% | 0.28% | 0.27% | 0.19% | 0.23% | 0.23% | 0.26% | 0.24% |
| █▇█▁▄▄▆▅ | Net Charge-Off Ratio (%) | 0.43% | 0.40% | 0.42% | 0.27% | 0.34% | 0.34% | 0.38% | 0.35% |
| ▁▁▂▃▅▆██ | Tang. Book Value ($M) | $61 | $58 | $63 | $65 | $69 | $72 | $75 | $76 |
| ▁▃▃▄▇▇▇█ | Gross Loans ($M) | $456 | $470 | $473 | $476 | $493 | $493 | $494 | $503 |
| ▁▁▅▆▄▂█▆ | Total Deposits ($M) | $615 | $615 | $639 | $645 | $635 | $623 | $657 | $642 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 4% |
| Agricultural | 3% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 4% |