Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.84% | +1.63 | 2.21% |
| Return on Equity (%) | ▲ | 50.89% | +17.79 | 33.10% |
| Net Interest Margin (%) | ▲ | 4.79% | +0.53 | 4.26% |
| Efficiency Ratio (%) | ▲ | 54.26% | -6.18 | 60.44% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.35 | $3 |
| Cost of Funds (%) | ▲ | 1.07% | -0.14 | 1.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $619 | +44.79 | $574 |
| Gross Loans ($M) | ▲ | $420 | +45.93 | $374 |
| Loan Growth YoY (%) | ▲ | 73.69% | +3.01 | 70.68% |
| Total Deposits ($M) | ▲ | $562 | +39.51 | $522 |
| Shareholders Equity ($M) | ▲ | $49 | +9.16 | $40 |
| Tang. Book Value ($M) | ▲ | $47 | +9.43 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +8.85 | $46 |
| Loan / Deposit Ratio (%) | ▲ | 73.69% | +3.01 | 70.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.00 | 0.06% |
| Allowance / Loans (%) | — | 1.48% | 0.11% | 1.37% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.02 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.88% | +0.17 | 12.71% |
Noninterest income ($3.00M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅▇█ | Net Interest Margin (%) | 3.85% | 3.91% | 4.18% | 4.26% | 4.31% | 4.41% | 4.67% | 4.79% |
| ▄▃▁▁▁▂▃█ | Return on Assets (%) | 2.89% | 2.76% | 2.19% | 2.21% | 2.16% | 2.43% | 2.73% | 3.84% |
| ▁▂███▆▄▂ | Efficiency Ratio (%) | 52.2% | 53.4% | 61.6% | 60.4% | 60.9% | 58.5% | 56.4% | 54.3% |
| █▇▆▅▆▄▁▁ | Cost of Funds (%) | 1.29% | 1.25% | 1.23% | 1.20% | 1.22% | 1.17% | 1.08% | 1.07% |
| ▆▃▁▁▁▇█▁ | NPA / Assets (%) | 0.29% | 0.16% | 0.09% | 0.06% | 0.06% | 0.36% | 0.43% | 0.06% |
| ▅▃▁▁▁▇█▁ | Net Charge-Off Ratio (%) | 0.32% | 0.17% | 0.06% | 0.02% | 0.04% | 0.49% | 0.59% | 0.04% |
| ▃▁▂▃▄▅▆█ | Tang. Book Value ($M) | $37 | $34 | $37 | $37 | $40 | $42 | $43 | $47 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $341 | $354 | $362 | $374 | $383 | $398 | $412 | $420 |
| ▁▄▄▄▄▆██ | Total Deposits ($M) | $496 | $522 | $527 | $522 | $527 | $540 | $562 | $562 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 7% |
| Agricultural | 11% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 6% |