Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.17% | +0.83 | 1.33% |
| Return on Equity (%) | ▲ | 15.84% | +5.85 | 9.99% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.56 | 3.07% |
| Efficiency Ratio (%) | ▲ | 46.85% | -13.48 | 60.32% |
| Pre-Provision Profit ($M) | ▲ | $8 | +3.39 | $4 |
| Cost of Funds (%) | ▲ | 1.77% | -0.11 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,119 | +48.05 | $1,071 |
| Gross Loans ($M) | ▲ | $872 | +64.16 | $807 |
| Loan Growth YoY (%) | ▲ | 93.73% | +3.13 | 90.60% |
| Total Deposits ($M) | ▲ | $920 | +38.58 | $881 |
| Shareholders Equity ($M) | ▲ | $157 | +13.99 | $143 |
| Tang. Book Value ($M) | ▲ | $156 | +13.99 | $142 |
| TBV excl. AOCI ($M)** | ▲ | $167 | +14.39 | $152 |
| Loan / Deposit Ratio (%) | ▲ | 93.73% | +3.13 | 90.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.17% | +0.00 | 0.16% |
| Allowance / Loans (%) | — | 1.12% | -0.03% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 0.21% | -0.00 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.16M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▅▆██ | Net Interest Margin (%) | 2.50% | 2.56% | 2.91% | 3.07% | 3.16% | 3.26% | 3.50% | 3.63% |
| ▁▁▂▄▄▅▆█ | Return on Assets (%) | 0.77% | 0.89% | 1.08% | 1.33% | 1.44% | 1.53% | 1.69% | 2.17% |
| ██▇▅▄▃▃▁ | Efficiency Ratio (%) | 70.6% | 67.8% | 66.2% | 60.3% | 57.6% | 55.4% | 52.9% | 46.8% |
| █▇▃▃▃▄▁▁ | Cost of Funds (%) | 2.14% | 2.04% | 1.83% | 1.88% | 1.87% | 1.88% | 1.72% | 1.77% |
| ▁█▇▆▇▄▆▆ | NPA / Assets (%) | 0.02% | 0.24% | 0.19% | 0.16% | 0.19% | 0.12% | 0.17% | 0.17% |
| ▁█▇▆▇▄▆▆ | Net Charge-Off Ratio (%) | 0.02% | 0.30% | 0.23% | 0.22% | 0.25% | 0.16% | 0.23% | 0.21% |
| ▁▁▁▂▅▆▆█ | Tang. Book Value ($M) | $138 | $138 | $139 | $142 | $148 | $150 | $151 | $156 |
| ▂▂▁▃▄▆▆█ | Gross Loans ($M) | $792 | $790 | $778 | $807 | $815 | $847 | $846 | $872 |
| ▁▂▃▅▅▇██ | Total Deposits ($M) | $823 | $850 | $858 | $881 | $886 | $911 | $933 | $920 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 8% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 7% |