Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.06% | +0.09 | 0.96% |
| Return on Equity (%) | ▲ | 10.41% | +0.75 | 9.66% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.36 | 3.50% |
| Efficiency Ratio (%) | ▲ | 63.14% | -3.66 | 66.80% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.91 | $3 |
| Cost of Funds (%) | ▲ | 1.45% | -0.00 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $909 | +56.72 | $852 |
| Gross Loans ($M) | ▲ | $590 | +74.64 | $515 |
| Loan Growth YoY (%) | ▲ | 73.18% | +4.98 | 68.21% |
| Total Deposits ($M) | ▲ | $795 | +49.68 | $746 |
| Shareholders Equity ($M) | ▲ | $93 | +7.16 | $86 |
| Tang. Book Value ($M) | ▲ | $93 | +7.16 | $86 |
| TBV excl. AOCI ($M)** | ▲ | $105 | +6.69 | $99 |
| Loan / Deposit Ratio (%) | ▲ | 73.18% | +4.98 | 68.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.09 | 0.17% |
| Allowance / Loans (%) | — | 1.35% | 0.03% | 1.32% |
| Net Charge-Off Ratio (%) | ▼ | 0.40% | +0.11 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.37% | -0.54 | 15.90% |
Noninterest income ($1.45M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▅▇█ | Net Interest Margin (%) | 3.30% | 3.33% | 3.39% | 3.50% | 3.60% | 3.64% | 3.79% | 3.86% |
| ▁▁▄▅▅▃▄█ | Return on Assets (%) | 0.86% | 0.87% | 0.94% | 0.96% | 0.97% | 0.93% | 0.95% | 1.06% |
| ███▅▅▄▄▁ | Efficiency Ratio (%) | 69.3% | 69.5% | 68.7% | 66.8% | 66.5% | 66.0% | 65.9% | 63.1% |
| ██▁▂▄▃▃▂ | Cost of Funds (%) | 1.56% | 1.56% | 1.43% | 1.45% | 1.49% | 1.47% | 1.46% | 1.45% |
| ▂▁▁▄▁▁▃█ | NPA / Assets (%) | 0.13% | 0.10% | 0.09% | 0.17% | 0.10% | 0.10% | 0.15% | 0.26% |
| ▂▁▁▅▁▁▃█ | Net Charge-Off Ratio (%) | 0.22% | 0.17% | 0.15% | 0.29% | 0.15% | 0.17% | 0.23% | 0.40% |
| ▁▁▃▄▅▆██ | Tang. Book Value ($M) | $81 | $81 | $84 | $86 | $88 | $90 | $91 | $93 |
| ▁▁▂▃▅▇▇█ | Gross Loans ($M) | $473 | $481 | $498 | $515 | $535 | $562 | $574 | $590 |
| ▁▃▅▅▄▇██ | Total Deposits ($M) | $684 | $725 | $751 | $746 | $732 | $775 | $784 | $795 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 15% |
| Agricultural | 2% |
| Consumer | 10% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 2% |