Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +0.38 | 1.09% |
| Return on Equity (%) | ▲ | 16.53% | +2.11 | 14.42% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.42 | 3.38% |
| Efficiency Ratio (%) | ▲ | 53.02% | -5.95 | 58.97% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.02 | $3 |
| Cost of Funds (%) | ▲ | 1.66% | -0.18 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $893 | +38.52 | $855 |
| Gross Loans ($M) | ▲ | $501 | +26.18 | $475 |
| Loan Growth YoY (%) | ▲ | 61.33% | +1.36 | 59.96% |
| Total Deposits ($M) | ▲ | $807 | +24.74 | $782 |
| Shareholders Equity ($M) | ▲ | $80 | +14.07 | $66 |
| Tang. Book Value ($M) | ▲ | $75 | +14.16 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $90 | +15.59 | $74 |
| Loan / Deposit Ratio (%) | ▲ | 61.33% | +1.36 | 59.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.17 | 0.12% |
| Allowance / Loans (%) | — | 1.21% | 0.00% | 1.20% |
| Net Charge-Off Ratio (%) | ▼ | 0.25% | +0.07 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.45M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▇█ | Net Interest Margin (%) | 3.22% | 3.22% | 3.26% | 3.38% | 3.45% | 3.50% | 3.72% | 3.80% |
| ▄▃▁▂▄▅██ | Return on Assets (%) | 1.19% | 1.12% | 0.98% | 1.09% | 1.20% | 1.24% | 1.41% | 1.46% |
| ▇██▇▅▄▁▁ | Efficiency Ratio (%) | 58.4% | 59.3% | 60.1% | 59.0% | 56.7% | 55.6% | 52.9% | 53.0% |
| ██▆▄▅▃▁▁ | Cost of Funds (%) | 2.01% | 2.02% | 1.90% | 1.84% | 1.85% | 1.76% | 1.68% | 1.66% |
| ▃▄▃▃▂▂▁█ | NPA / Assets (%) | 0.12% | 0.12% | 0.10% | 0.12% | 0.08% | 0.07% | 0.03% | 0.28% |
| ▇▇▄▆▂▂▁█ | Net Charge-Off Ratio (%) | 0.21% | 0.21% | 0.12% | 0.17% | 0.08% | 0.07% | 0.03% | 0.25% |
| ▃▁▃▃▆▇██ | Tang. Book Value ($M) | $60 | $54 | $60 | $61 | $69 | $72 | $73 | $75 |
| ▁▁▂▃▄▅██ | Gross Loans ($M) | $461 | $461 | $467 | $475 | $478 | $486 | $498 | $501 |
| ▁▂▃▅▅▇▇█ | Total Deposits ($M) | $749 | $758 | $766 | $782 | $781 | $795 | $800 | $807 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 10% |
| Agricultural | 2% |
| Consumer | 6% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 18% |