Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.93% | -0.01 | 1.94% |
| Return on Equity (%) | ▼ | 19.18% | -2.98 | 22.16% |
| Net Interest Margin (%) | ▲ | 4.60% | +0.03 | 4.57% |
| Efficiency Ratio (%) | ▼ | 61.38% | +1.21 | 60.16% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.09 | $8 |
| Cost of Funds (%) | ▲ | 1.19% | -0.11 | 1.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,425 | +1.27 | $1,423 |
| Gross Loans ($M) | ▲ | $923 | +42.10 | $881 |
| Loan Growth YoY (%) | ▲ | 71.46% | +4.25 | 67.21% |
| Total Deposits ($M) | ▼ | $1,271 | -17.35 | $1,288 |
| Shareholders Equity ($M) | ▲ | $144 | +18.69 | $125 |
| Tang. Book Value ($M) | ▲ | $138 | +18.88 | $119 |
| TBV excl. AOCI ($M)** | ▲ | $149 | +19.74 | $129 |
| Loan / Deposit Ratio (%) | ▲ | 71.46% | +4.25 | 67.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.38% | +0.25 | 0.14% |
| Allowance / Loans (%) | — | 1.62% | -0.11% | 1.73% |
| Net Charge-Off Ratio (%) | ▼ | 0.56% | +0.40 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.73% | +0.77 | 14.96% |
Noninterest income ($3.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▄▅▆▃▆ | Net Interest Margin (%) | 4.67% | 4.67% | 4.46% | 4.57% | 4.59% | 4.62% | 4.53% | 4.60% |
| ▂▂▁▆▇█▁▆ | Return on Assets (%) | 1.87% | 1.86% | 1.86% | 1.94% | 1.96% | 1.98% | 1.84% | 1.93% |
| ▂▃▄▁▁▁█▄ | Efficiency Ratio (%) | 60.7% | 61.2% | 61.2% | 60.2% | 60.0% | 59.8% | 63.4% | 61.4% |
| ██▆▅▆▅▂▁ | Cost of Funds (%) | 1.42% | 1.40% | 1.34% | 1.31% | 1.36% | 1.32% | 1.23% | 1.19% |
| ▁▁▂▂▁▂▇█ | NPA / Assets (%) | 0.10% | 0.13% | 0.14% | 0.14% | 0.12% | 0.15% | 0.33% | 0.38% |
| ▁▁▂▁▁▁▇█ | Net Charge-Off Ratio (%) | 0.15% | 0.20% | 0.23% | 0.16% | 0.15% | 0.19% | 0.46% | 0.56% |
| ▁▁▂▃▆███ | Tang. Book Value ($M) | $114 | $113 | $117 | $119 | $129 | $136 | $138 | $138 |
| ▁▂▃▃▄▆██ | Gross Loans ($M) | $862 | $875 | $878 | $881 | $892 | $904 | $924 | $923 |
| ▁▁██▇▅█▇ | Total Deposits ($M) | $1,214 | $1,219 | $1,286 | $1,288 | $1,278 | $1,253 | $1,280 | $1,271 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 21% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 6% |