Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.56% | +0.49 | 2.08% |
| Return on Equity (%) | ▲ | 11.30% | +1.48 | 9.82% |
| Net Interest Margin (%) | ▲ | 3.87% | +0.18 | 3.70% |
| Efficiency Ratio (%) | ▲ | 45.20% | -5.04 | 50.24% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.75 | $6 |
| Cost of Funds (%) | ▲ | 1.63% | -0.21 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,054 | +60.57 | $993 |
| Gross Loans ($M) | ▲ | $504 | +31.44 | $472 |
| Loan Growth YoY (%) | ▲ | 71.27% | +4.59 | 66.68% |
| Total Deposits ($M) | ▼ | $699 | -1.28 | $700 |
| Shareholders Equity ($M) | ▲ | $243 | +30.81 | $212 |
| Tang. Book Value ($M) | ▲ | $242 | +30.81 | $211 |
| TBV excl. AOCI ($M)** | ▲ | $266 | +32.12 | $234 |
| Loan / Deposit Ratio (%) | ▲ | 71.27% | +4.59 | 66.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.23 | 0.38% |
| Allowance / Loans (%) | — | 1.12% | -0.03% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.19% | -0.36 | 0.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.28% | +0.04 | 24.24% |
Noninterest income ($2.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▆▇▇██ | Net Interest Margin (%) | 3.21% | 3.30% | 3.62% | 3.70% | 3.73% | 3.78% | 3.85% | 3.87% |
| ▁▂▃▃▄▄█▇ | Return on Assets (%) | 1.69% | 1.85% | 2.00% | 2.08% | 2.17% | 2.19% | 2.82% | 2.56% |
| ██▇▇▅▅▁▃ | Efficiency Ratio (%) | 52.0% | 51.2% | 50.2% | 50.2% | 48.4% | 48.2% | 42.9% | 45.2% |
| █▇▃▄▄▃▁▁ | Cost of Funds (%) | 2.25% | 2.11% | 1.75% | 1.84% | 1.89% | 1.78% | 1.58% | 1.63% |
| ▃▂▅█▁▄▅▁ | NPA / Assets (%) | 0.21% | 0.17% | 0.25% | 0.38% | 0.12% | 0.23% | 0.27% | 0.15% |
| ▂▂▄█▁▄▅▃ | Net Charge-Off Ratio (%) | 0.14% | 0.11% | 0.28% | 0.55% | 0.02% | 0.24% | 0.33% | 0.19% |
| ▂▁▂▂▅▆▇█ | Tang. Book Value ($M) | $211 | $204 | $210 | $211 | $224 | $231 | $233 | $242 |
| ▁▁▂▁▅▇█▅ | Gross Loans ($M) | $468 | $471 | $483 | $472 | $502 | $517 | $528 | $504 |
| █▅▂▁▄▁▃▁ | Total Deposits ($M) | $772 | $743 | $709 | $700 | $730 | $699 | $721 | $699 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 3% |
| Agricultural | 5% |
| Consumer | 2% |
| Other | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 23% |