Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.50% | +0.28 | 2.22% |
| Return on Equity (%) | ▲ | 25.65% | +3.05 | 22.60% |
| Net Interest Margin (%) | ▲ | 4.06% | +0.22 | 3.84% |
| Efficiency Ratio (%) | ▲ | 40.32% | -3.74 | 44.07% |
| Pre-Provision Profit ($M) | ▲ | $9 | +2.07 | $7 |
| Cost of Funds (%) | ▲ | 1.68% | -0.09 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,419 | +306.42 | $1,113 |
| Gross Loans ($M) | ▲ | $902 | +121.97 | $780 |
| Loan Growth YoY (%) | ▼ | 72.17% | -8.62 | 80.79% |
| Total Deposits ($M) | ▲ | $1,225 | +280.73 | $944 |
| Shareholders Equity ($M) | ▲ | $131 | +14.72 | $116 |
| Tang. Book Value ($M) | ▲ | $119 | +11.02 | $108 |
| TBV excl. AOCI ($M)** | ▲ | $136 | +15.40 | $121 |
| Loan / Deposit Ratio (%) | ▼ | 72.17% | -8.62 | 80.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.01 | 0.17% |
| Allowance / Loans (%) | — | 1.98% | -0.22% | 2.20% |
| Net Charge-Off Ratio (%) | ▼ | 0.29% | +0.04 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.85% | -1.60 | 15.44% |
Noninterest income ($2.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▇▇▇▇█ | Net Interest Margin (%) | 3.15% | 3.20% | 3.67% | 3.84% | 3.87% | 3.87% | 3.90% | 4.06% |
| ▁▁▁▄▅▅▆█ | Return on Assets (%) | 2.02% | 2.00% | 1.96% | 2.22% | 2.27% | 2.27% | 2.33% | 2.50% |
| ▃▄█▄▃▃▃▁ | Efficiency Ratio (%) | 42.4% | 43.4% | 48.0% | 44.1% | 42.3% | 42.5% | 42.5% | 40.3% |
| █▁▃▃▃▁▁▁ | Cost of Funds (%) | 1.94% | 1.67% | 1.76% | 1.77% | 1.74% | 1.69% | 1.69% | 1.68% |
| █▅▃▅▇▁▇▆ | NPA / Assets (%) | 0.22% | 0.16% | 0.14% | 0.17% | 0.19% | 0.10% | 0.20% | 0.18% |
| █▃▃▆█▁██ | Net Charge-Off Ratio (%) | 0.30% | 0.20% | 0.20% | 0.25% | 0.29% | 0.16% | 0.30% | 0.29% |
| ▂▁▂▄▇▇██ | Tang. Book Value ($M) | $102 | $99 | $104 | $108 | $117 | $117 | $120 | $119 |
| ▁▄▄▅▅▆▆█ | Gross Loans ($M) | $648 | $751 | $762 | $780 | $794 | $822 | $828 | $902 |
| ▁▄▃▃▄▅▅█ | Total Deposits ($M) | $816 | $1,015 | $957 | $944 | $987 | $1,068 | $1,056 | $1,225 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 12% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 6% |