Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.43% | +1.13 | 1.30% |
| Return on Equity (%) | ▲ | 21.67% | +9.81 | 11.86% |
| Net Interest Margin (%) | ▲ | 5.62% | +0.54 | 5.08% |
| Efficiency Ratio (%) | ▲ | 43.16% | -14.72 | 57.88% |
| Pre-Provision Profit ($M) | ▲ | $6 | +4.39 | $2 |
| Cost of Funds (%) | ▲ | 1.22% | -0.35 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $809 | +444.77 | $364 |
| Gross Loans ($M) | ▲ | $455 | +233.97 | $221 |
| Loan Growth YoY (%) | ▼ | 63.19% | -4.17 | 67.37% |
| Total Deposits ($M) | ▲ | $711 | +386.46 | $324 |
| Shareholders Equity ($M) | ▲ | $94 | +55.83 | $38 |
| Tang. Book Value ($M) | ▲ | $69 | +38.62 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $83 | +48.19 | $34 |
| Loan / Deposit Ratio (%) | ▼ | 63.19% | -4.17 | 67.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.09 | 0.14% |
| Allowance / Loans (%) | — | 1.23% | 0.18% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.08 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▄██ | Net Interest Margin (%) | 4.67% | 4.78% | 4.91% | 5.08% | 5.11% | 5.16% | 5.73% | 5.62% |
| ▁▁▁▁▂▅▇█ | Return on Assets (%) | 1.16% | 1.17% | 1.21% | 1.30% | 1.40% | 1.90% | 2.25% | 2.43% |
| ███▇▆▄▂▁ | Efficiency Ratio (%) | 60.9% | 60.0% | 60.6% | 57.9% | 55.8% | 50.3% | 46.7% | 43.2% |
| ██▅▅▆▄▁▂ | Cost of Funds (%) | 1.93% | 1.91% | 1.49% | 1.57% | 1.59% | 1.37% | 1.00% | 1.22% |
| ▃█▅▄▂▁▁▁ | NPA / Assets (%) | 0.12% | 0.29% | 0.18% | 0.14% | 0.08% | 0.05% | 0.03% | 0.05% |
| ▆█▄▂▁▁▁▁ | Net Charge-Off Ratio (%) | 0.27% | 0.37% | 0.15% | 0.09% | 0.01% | 0.01% | 0.01% | 0.01% |
| ▁▁▁▁▂▃▇█ | Tang. Book Value ($M) | $28 | $27 | $28 | $31 | $36 | $40 | $64 | $69 |
| ▁▁▂▃▄▄██ | Gross Loans ($M) | $124 | $152 | $190 | $221 | $258 | $269 | $425 | $455 |
| ▁▁▁▂▃▃██ | Total Deposits ($M) | $246 | $251 | $296 | $324 | $372 | $416 | $687 | $711 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 24% |
| Agricultural | 10% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 8% |