Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +0.08 | 1.38% |
| Return on Equity (%) | ▼ | 16.12% | -2.15 | 18.27% |
| Net Interest Margin (%) | ▲ | 3.85% | +0.21 | 3.64% |
| Efficiency Ratio (%) | ▲ | 62.17% | -2.46 | 64.63% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.24 | $4 |
| Cost of Funds (%) | ▲ | 1.49% | -0.09 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,181 | +146.33 | $1,034 |
| Gross Loans ($M) | ▲ | $722 | +110.13 | $612 |
| Loan Growth YoY (%) | ▲ | 66.80% | +0.88 | 65.91% |
| Total Deposits ($M) | ▲ | $1,068 | +150.87 | $917 |
| Shareholders Equity ($M) | ▲ | $107 | +25.36 | $82 |
| Tang. Book Value ($M) | ▲ | $107 | +25.36 | $82 |
| TBV excl. AOCI ($M)** | ▲ | $122 | +24.08 | $98 |
| Loan / Deposit Ratio (%) | ▲ | 66.80% | +0.88 | 65.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.05 | 0.25% |
| Allowance / Loans (%) | — | 1.14% | -0.00% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.33% | -0.09 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -18.52 | 18.52% |
Noninterest income ($1.91M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▆▇▇██ | Net Interest Margin (%) | 3.06% | 3.15% | 3.56% | 3.64% | 3.70% | 3.72% | 3.77% | 3.85% |
| ▁▁▅▅█▇█▆ | Return on Assets (%) | 0.92% | 0.98% | 1.36% | 1.38% | 1.66% | 1.52% | 1.65% | 1.46% |
| ██▄▃▁▂▄▂ | Efficiency Ratio (%) | 73.2% | 72.2% | 65.2% | 64.6% | 59.6% | 61.8% | 64.8% | 62.2% |
| █▆▄▃▄▁▂▁ | Cost of Funds (%) | 1.86% | 1.75% | 1.65% | 1.58% | 1.66% | 1.51% | 1.58% | 1.49% |
| ▁▁▁█▆▅▄▆ | NPA / Assets (%) | 0.12% | 0.13% | 0.13% | 0.25% | 0.21% | 0.18% | 0.17% | 0.20% |
| ▁▁▁█▅▄▃▅ | Net Charge-Off Ratio (%) | 0.21% | 0.23% | 0.23% | 0.42% | 0.33% | 0.31% | 0.29% | 0.33% |
| ▃▁▂▃▅▆██ | Tang. Book Value ($M) | $80 | $69 | $78 | $82 | $93 | $95 | $104 | $107 |
| ▁▁▁▃▅▅▆█ | Gross Loans ($M) | $549 | $561 | $567 | $612 | $645 | $653 | $672 | $722 |
| ▁▁▂▁▁▅▅█ | Total Deposits ($M) | $908 | $916 | $934 | $917 | $925 | $999 | $991 | $1,068 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 5% |
| Agricultural | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 12% |