Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.84% | +0.55 | 1.29% |
| Return on Equity (%) | ▲ | 18.71% | +3.57 | 15.14% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.51 | 3.31% |
| Efficiency Ratio (%) | ▲ | 48.79% | -5.80 | 54.60% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.95 | $3 |
| Cost of Funds (%) | ▲ | 1.33% | -0.18 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $629 | -13.21 | $642 |
| Gross Loans ($M) | ▲ | $489 | +17.32 | $471 |
| Loan Growth YoY (%) | ▲ | 88.70% | +3.55 | 85.15% |
| Total Deposits ($M) | ▼ | $547 | -3.68 | $550 |
| Shareholders Equity ($M) | ▲ | $64 | +7.82 | $56 |
| Tang. Book Value ($M) | ▲ | $53 | +7.88 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $58 | +6.61 | $51 |
| Loan / Deposit Ratio (%) | ▲ | 88.70% | +3.55 | 85.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.27% | -0.78 | 1.05% |
| Allowance / Loans (%) | — | 0.79% | 0.20% | 0.59% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.16 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.92% | +0.64 | 13.28% |
Noninterest income ($1.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▄██ | Net Interest Margin (%) | 2.95% | 2.99% | 3.22% | 3.31% | 3.34% | 3.38% | 3.74% | 3.82% |
| ▁▁▃▃▄▅▇█ | Return on Assets (%) | 0.96% | 0.99% | 1.19% | 1.29% | 1.30% | 1.42% | 1.69% | 1.84% |
| ▄▆▇██▆▁▁ | Efficiency Ratio (%) | 51.9% | 53.0% | 53.9% | 54.6% | 55.2% | 53.1% | 49.5% | 48.8% |
| █▇▆▄▅▆▂▁ | Cost of Funds (%) | 1.79% | 1.70% | 1.62% | 1.51% | 1.57% | 1.63% | 1.43% | 1.33% |
| ▄▇███▁▁▁ | NPA / Assets (%) | 0.61% | 0.98% | 1.03% | 1.05% | 1.12% | 0.19% | 0.28% | 0.27% |
| ▅██▁▁▁▂▂ | Net Charge-Off Ratio (%) | 0.72% | 1.27% | 1.30% | 0.11% | 0.26% | 0.17% | 0.28% | 0.27% |
| ▃▁▂▃▆▆▇█ | Tang. Book Value ($M) | $45 | $41 | $43 | $45 | $49 | $49 | $50 | $53 |
| ▁▂▁▁▆██▇ | Gross Loans ($M) | $471 | $473 | $470 | $471 | $485 | $492 | $490 | $489 |
| ██▅▆▁▇▃▅ | Total Deposits ($M) | $560 | $559 | $542 | $550 | $524 | $553 | $536 | $547 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 10% |
| Agricultural | 12% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 5% |