Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.62% | -0.58 | 2.20% |
| Return on Equity (%) | ▼ | 23.45% | -16.20 | 39.65% |
| Net Interest Margin (%) | ▼ | 3.66% | -0.04 | 3.70% |
| Efficiency Ratio (%) | ▼ | 46.64% | +4.88 | 41.76% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.17 | $5 |
| Cost of Funds (%) | ▼ | 2.07% | +0.02 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $995 | +100.08 | $895 |
| Gross Loans ($M) | ▲ | $669 | +116.57 | $553 |
| Loan Growth YoY (%) | ▲ | 71.73% | +6.53 | 65.20% |
| Total Deposits ($M) | ▲ | $917 | +81.10 | $836 |
| Shareholders Equity ($M) | ▲ | $70 | +19.86 | $51 |
| Tang. Book Value ($M) | ▲ | $70 | +19.86 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $85 | +20.15 | $64 |
| Loan / Deposit Ratio (%) | ▲ | 71.73% | +6.53 | 65.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.00% | +0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.74% | 0.32% | 1.41% |
| Net Charge-Off Ratio (%) | ▼ | 0.00% | +0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▁▄▆█▄▃ | Net Interest Margin (%) | 3.71% | 3.73% | 3.56% | 3.70% | 3.76% | 3.85% | 3.70% | 3.66% |
| █████▇▂▁ | Return on Assets (%) | 2.17% | 2.14% | 2.14% | 2.20% | 2.17% | 2.12% | 1.77% | 1.62% |
| ▁▂▂▁▁▂█▅ | Efficiency Ratio (%) | 40.9% | 42.3% | 42.2% | 41.8% | 41.2% | 43.0% | 50.3% | 46.6% |
| ▅█▃▃▃▁▂▃ | Cost of Funds (%) | 2.15% | 2.28% | 2.07% | 2.05% | 2.06% | 1.98% | 2.02% | 2.07% |
| ▁▁▁▁▁▅█▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.05% | 0.00% |
| ▁▁▁▁▁▅█▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 0.08% | 0.00% |
| ▂▁▁▁▅█▆█ | Tang. Book Value ($M) | $53 | $50 | $50 | $51 | $61 | $69 | $64 | $70 |
| ▁▂▂▃▅▇██ | Gross Loans ($M) | $502 | $538 | $533 | $553 | $605 | $633 | $654 | $669 |
| ▁▃▅▄▅▄██ | Total Deposits ($M) | $775 | $816 | $867 | $836 | $860 | $841 | $924 | $917 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 14% |
| Agricultural | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 39% |
| Brokered / Other | 38% |