Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.21% | +0.01 | 1.21% |
| Return on Equity (%) | ▼ | 9.32% | -1.05 | 10.37% |
| Net Interest Margin (%) | ▲ | 3.92% | +0.37 | 3.55% |
| Efficiency Ratio (%) | ▼ | 61.38% | +2.71 | 58.67% |
| Pre-Provision Profit ($M) | ▼ | $6 | -0.37 | $6 |
| Cost of Funds (%) | ▲ | 1.88% | -0.07 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,432 | -90.29 | $1,522 |
| Gross Loans ($M) | ▼ | $1,131 | -41.27 | $1,173 |
| Loan Growth YoY (%) | ▲ | 91.81% | +4.30 | 87.51% |
| Total Deposits ($M) | ▼ | $1,217 | -107.18 | $1,324 |
| Shareholders Equity ($M) | ▲ | $194 | +15.40 | $179 |
| Tang. Book Value ($M) | ▲ | $187 | +15.53 | $171 |
| TBV excl. AOCI ($M)** | ▲ | $194 | +15.37 | $179 |
| Loan / Deposit Ratio (%) | ▲ | 91.81% | +4.30 | 87.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.38% | +0.19 | 0.19% |
| Allowance / Loans (%) | — | 1.22% | 0.06% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 0.40% | +0.15 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.69% | +1.48 | 13.22% |
Noninterest income ($2.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▇▇█ | Net Interest Margin (%) | 3.18% | 3.27% | 3.43% | 3.55% | 3.70% | 3.77% | 3.82% | 3.92% |
| ▁▁▄▇█▇▅▇ | Return on Assets (%) | 0.99% | 1.01% | 1.11% | 1.21% | 1.28% | 1.23% | 1.15% | 1.21% |
| ▆▆▆▃▁▁█▇ | Efficiency Ratio (%) | 60.9% | 61.2% | 61.0% | 58.7% | 57.3% | 56.9% | 62.6% | 61.4% |
| █▇▅▃▃▃▁▂ | Cost of Funds (%) | 2.30% | 2.20% | 2.03% | 1.95% | 1.95% | 1.90% | 1.76% | 1.88% |
| ▁▇▆▄▇▇██ | NPA / Assets (%) | 0.01% | 0.32% | 0.29% | 0.19% | 0.37% | 0.36% | 0.42% | 0.38% |
| ▁██▅█▇██ | Net Charge-Off Ratio (%) | 0.01% | 0.41% | 0.40% | 0.25% | 0.42% | 0.33% | 0.41% | 0.40% |
| ▁▁▃▄▅▇▇█ | Tang. Book Value ($M) | $159 | $160 | $166 | $171 | $176 | $181 | $182 | $187 |
| ▇▆▁██▇▁▄ | Gross Loans ($M) | $1,157 | $1,148 | $1,103 | $1,173 | $1,174 | $1,158 | $1,110 | $1,131 |
| ▁▄▆█▅▅▄▁ | Total Deposits ($M) | $1,218 | $1,263 | $1,291 | $1,324 | $1,284 | $1,276 | $1,270 | $1,217 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 19% |
| Agricultural | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 16% |