Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.84% | +0.37 | 1.47% |
| Return on Equity (%) | ▲ | 19.58% | +2.71 | 16.87% |
| Net Interest Margin (%) | ▲ | 3.24% | +0.33 | 2.91% |
| Efficiency Ratio (%) | ▲ | 57.19% | -2.15 | 59.34% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.67 | $3 |
| Cost of Funds (%) | ▲ | 2.18% | -0.07 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $788 | +37.35 | $751 |
| Gross Loans ($M) | ▲ | $600 | +28.08 | $572 |
| Loan Growth YoY (%) | ▲ | 85.48% | +0.12 | 85.36% |
| Total Deposits ($M) | ▲ | $693 | +31.76 | $661 |
| Shareholders Equity ($M) | ▲ | $75 | +5.98 | $69 |
| Tang. Book Value ($M) | ▲ | $74 | +6.01 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +6.23 | $72 |
| Loan / Deposit Ratio (%) | ▲ | 85.48% | +0.12 | 85.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.03 | 0.18% |
| Allowance / Loans (%) | — | 1.25% | -0.04% | 1.29% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.04 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -11.99 | 11.99% |
Noninterest income ($2.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▆▆▇█ | Net Interest Margin (%) | 2.59% | 2.67% | 2.76% | 2.91% | 3.03% | 3.06% | 3.12% | 3.24% |
| ▁▁▃▄▄▄█▇ | Return on Assets (%) | 1.11% | 1.16% | 1.37% | 1.47% | 1.49% | 1.51% | 1.95% | 1.84% |
| ██▃▃▅▅▁▁ | Efficiency Ratio (%) | 65.3% | 65.1% | 59.4% | 59.3% | 61.0% | 61.5% | 56.5% | 57.2% |
| █▅▂▄▄▂▁▂ | Cost of Funds (%) | 2.50% | 2.30% | 2.19% | 2.25% | 2.28% | 2.19% | 2.11% | 2.18% |
| ▁▃▃▅█▇█▆ | NPA / Assets (%) | 0.03% | 0.10% | 0.10% | 0.18% | 0.30% | 0.25% | 0.27% | 0.21% |
| ▁▃▃▅███▆ | Net Charge-Off Ratio (%) | 0.04% | 0.14% | 0.14% | 0.23% | 0.37% | 0.34% | 0.36% | 0.27% |
| ▁▁▂▄▆▆██ | Tang. Book Value ($M) | $63 | $64 | $65 | $68 | $70 | $71 | $74 | $74 |
| ▁▃▁▃▇▅▅█ | Gross Loans ($M) | $562 | $568 | $557 | $572 | $591 | $582 | $583 | $600 |
| ▂▆▇▃▁▇██ | Total Deposits ($M) | $651 | $682 | $690 | $661 | $642 | $684 | $697 | $693 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 12% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 9% |