Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.20 | 0.75% |
| Return on Equity (%) | ▲ | 13.42% | +1.66 | 11.76% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.15 | 3.36% |
| Efficiency Ratio (%) | ▲ | 67.56% | -3.06 | 70.61% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.66 | $3 |
| Cost of Funds (%) | ▼ | 1.58% | +0.02 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,279 | +114.80 | $1,165 |
| Gross Loans ($M) | ▲ | $939 | +124.33 | $814 |
| Loan Growth YoY (%) | ▲ | 82.89% | +5.19 | 77.70% |
| Total Deposits ($M) | ▲ | $1,121 | +84.04 | $1,037 |
| Shareholders Equity ($M) | ▲ | $90 | +14.30 | $76 |
| Tang. Book Value ($M) | ▲ | $87 | +14.35 | $73 |
| TBV excl. AOCI ($M)** | ▲ | $100 | +13.50 | $87 |
| Loan / Deposit Ratio (%) | ▲ | 82.89% | +5.19 | 77.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.03 | 0.09% |
| Allowance / Loans (%) | — | 0.99% | -0.05% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.05 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.91% | -0.08 | 10.99% |
Noninterest income ($1.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▇██ | Net Interest Margin (%) | 3.11% | 3.14% | 3.27% | 3.36% | 3.40% | 3.43% | 3.52% | 3.50% |
| ▄▅▁▃▄▅██ | Return on Assets (%) | 0.80% | 0.81% | 0.68% | 0.75% | 0.81% | 0.84% | 0.94% | 0.95% |
| ▅▄█▆▄▄▂▁ | Efficiency Ratio (%) | 70.2% | 69.9% | 72.2% | 70.6% | 69.8% | 69.3% | 68.4% | 67.6% |
| █▇▁▁▃▃▁▁ | Cost of Funds (%) | 1.82% | 1.76% | 1.55% | 1.56% | 1.63% | 1.62% | 1.56% | 1.58% |
| ▇▆██▇▇▁▂ | NPA / Assets (%) | 0.08% | 0.07% | 0.08% | 0.09% | 0.08% | 0.08% | 0.04% | 0.05% |
| █▆██▇▇▁▂ | Net Charge-Off Ratio (%) | 0.12% | 0.11% | 0.12% | 0.13% | 0.12% | 0.11% | 0.06% | 0.07% |
| ▂▁▂▃▅▇▇█ | Tang. Book Value ($M) | $70 | $66 | $70 | $73 | $79 | $84 | $84 | $87 |
| ▁▁▁▃▄▅▇█ | Gross Loans ($M) | $769 | $764 | $768 | $814 | $835 | $873 | $905 | $939 |
| ▁▁▂▃▅▆██ | Total Deposits ($M) | $999 | $998 | $1,026 | $1,037 | $1,070 | $1,089 | $1,110 | $1,121 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Consumer | 16% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 8% |