Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.11 | 0.92% |
| Return on Equity (%) | ▼ | 15.07% | -0.97 | 16.04% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.24 | 3.58% |
| Efficiency Ratio (%) | ▲ | 69.12% | -2.55 | 71.67% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.67 | $4 |
| Cost of Funds (%) | ▲ | 1.29% | -0.18 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,208 | +56.20 | $1,152 |
| Gross Loans ($M) | ▲ | $641 | +38.70 | $602 |
| Loan Growth YoY (%) | ▲ | 60.72% | +1.04 | 59.68% |
| Total Deposits ($M) | ▲ | $1,044 | +45.05 | $999 |
| Shareholders Equity ($M) | ▲ | $85 | +14.63 | $71 |
| Tang. Book Value ($M) | ▲ | $85 | +14.63 | $71 |
| TBV excl. AOCI ($M)** | ▲ | $109 | +15.32 | $94 |
| Loan / Deposit Ratio (%) | ▲ | 60.72% | +1.04 | 59.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.13% | +0.04 | 0.09% |
| Allowance / Loans (%) | — | 1.11% | 0.09% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 0.25% | +0.09 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.30% | +0.33 | 14.97% |
Noninterest income ($2.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▆▇██ | Net Interest Margin (%) | 3.12% | 3.18% | 3.49% | 3.58% | 3.64% | 3.67% | 3.76% | 3.82% |
| ▁▁▆▇▇▇██ | Return on Assets (%) | 0.57% | 0.62% | 0.89% | 0.92% | 0.92% | 0.97% | 0.98% | 1.03% |
| ██▇▆▆▃▁▁ | Efficiency Ratio (%) | 72.8% | 73.1% | 72.2% | 71.7% | 71.8% | 70.6% | 69.1% | 69.1% |
| █▅▅▄▄▁▁▁ | Cost of Funds (%) | 1.66% | 1.50% | 1.48% | 1.47% | 1.43% | 1.33% | 1.33% | 1.29% |
| ██▃▁▄▂▃▅ | NPA / Assets (%) | 0.16% | 0.16% | 0.11% | 0.09% | 0.12% | 0.10% | 0.11% | 0.13% |
| ██▃▁▄▂▃▅ | Net Charge-Off Ratio (%) | 0.31% | 0.32% | 0.22% | 0.16% | 0.22% | 0.19% | 0.21% | 0.25% |
| ▃▁▂▄▆█▇█ | Tang. Book Value ($M) | $68 | $61 | $66 | $71 | $78 | $83 | $82 | $85 |
| ▁▂▃▄▆█▇█ | Gross Loans ($M) | $565 | $581 | $587 | $602 | $615 | $632 | $631 | $641 |
| ▁▅▄▃▃█▇▆ | Total Deposits ($M) | $969 | $1,028 | $1,015 | $999 | $1,005 | $1,074 | $1,055 | $1,044 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Consumer | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 6% |