Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.83% | +0.33 | 1.50% |
| Return on Equity (%) | ▲ | 22.47% | +1.02 | 21.45% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.35 | 3.08% |
| Efficiency Ratio (%) | ▲ | 52.04% | -5.24 | 57.29% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.26 | $5 |
| Cost of Funds (%) | ▲ | 1.57% | -0.15 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,388 | +100.01 | $1,288 |
| Gross Loans ($M) | ▲ | $842 | +98.39 | $743 |
| Loan Growth YoY (%) | ▲ | 67.04% | +4.36 | 62.67% |
| Total Deposits ($M) | ▲ | $1,241 | +70.39 | $1,170 |
| Shareholders Equity ($M) | ▲ | $119 | +27.99 | $91 |
| Tang. Book Value ($M) | ▲ | $117 | +27.28 | $90 |
| TBV excl. AOCI ($M)** | ▲ | $139 | +28.60 | $110 |
| Loan / Deposit Ratio (%) | ▲ | 67.04% | +4.36 | 62.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.05% | +0.02 | 0.03% |
| Allowance / Loans (%) | — | 1.16% | -0.13% | 1.30% |
| Net Charge-Off Ratio (%) | ▼ | 0.08% | +0.03 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.32% | +0.01 | 13.32% |
Noninterest income ($2.00M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▅▇█ | Net Interest Margin (%) | 2.89% | 2.92% | 2.90% | 3.08% | 3.17% | 3.22% | 3.34% | 3.44% |
| ▁▂▁▃▅▆▇█ | Return on Assets (%) | 1.33% | 1.42% | 1.35% | 1.50% | 1.60% | 1.69% | 1.76% | 1.83% |
| █▇█▆▄▃▁▁ | Efficiency Ratio (%) | 59.7% | 58.6% | 59.4% | 57.3% | 55.6% | 54.6% | 52.0% | 52.0% |
| █▅▄▇▇▄▁▂ | Cost of Funds (%) | 1.78% | 1.68% | 1.64% | 1.72% | 1.73% | 1.63% | 1.53% | 1.57% |
| ▂▁▂▂█▇█▇ | NPA / Assets (%) | 0.03% | 0.03% | 0.03% | 0.03% | 0.05% | 0.05% | 0.05% | 0.05% |
| ▁▁▂▁█▇█▆ | Net Charge-Off Ratio (%) | 0.05% | 0.05% | 0.06% | 0.05% | 0.09% | 0.09% | 0.09% | 0.08% |
| ▂▁▂▂▅▆▇█ | Tang. Book Value ($M) | $92 | $86 | $91 | $90 | $102 | $109 | $110 | $117 |
| ▁▁▂▃▃▅▆█ | Gross Loans ($M) | $704 | $700 | $720 | $743 | $750 | $772 | $796 | $842 |
| ▁▃▅▄▅███ | Total Deposits ($M) | $1,110 | $1,164 | $1,185 | $1,170 | $1,190 | $1,256 | $1,248 | $1,241 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 11% |
| Agricultural | 23% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 14% |