Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.95% | +0.49 | 1.47% |
| Return on Equity (%) | ▲ | 20.51% | +3.26 | 17.25% |
| Net Interest Margin (%) | ▲ | 4.72% | +0.26 | 4.46% |
| Efficiency Ratio (%) | ▲ | 58.48% | -1.07 | 59.55% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.95 | $6 |
| Cost of Funds (%) | ▲ | 1.50% | -0.12 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,271 | +82.21 | $1,189 |
| Gross Loans ($M) | ▲ | $824 | +68.37 | $755 |
| Loan Growth YoY (%) | ▲ | 72.06% | +2.25 | 69.81% |
| Total Deposits ($M) | ▲ | $1,129 | +58.87 | $1,070 |
| Shareholders Equity ($M) | ▲ | $121 | +15.79 | $105 |
| Tang. Book Value ($M) | ▲ | $109 | +16.01 | $93 |
| TBV excl. AOCI ($M)** | ▲ | $123 | +18.63 | $104 |
| Loan / Deposit Ratio (%) | ▲ | 72.06% | +2.25 | 69.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.01 | 0.08% |
| Allowance / Loans (%) | — | 1.28% | 0.13% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 0.12% | +0.04 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.14% | -0.07 | 14.21% |
Noninterest income ($2.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▂▂▃██ | Net Interest Margin (%) | 4.40% | 4.44% | 4.49% | 4.46% | 4.47% | 4.50% | 4.70% | 4.72% |
| ▄▄▁▄▄▅██ | Return on Assets (%) | 1.55% | 1.54% | 1.16% | 1.47% | 1.55% | 1.58% | 1.92% | 1.95% |
| ██▃▂▂▃▁▁ | Efficiency Ratio (%) | 63.8% | 63.5% | 60.1% | 59.6% | 59.5% | 59.9% | 58.9% | 58.5% |
| ▆█▇▇▇▆▁▁ | Cost of Funds (%) | 1.60% | 1.64% | 1.61% | 1.61% | 1.62% | 1.59% | 1.48% | 1.50% |
| ██▅▁▁▃▁▁ | NPA / Assets (%) | 0.90% | 0.93% | 0.59% | 0.08% | 0.05% | 0.29% | 0.08% | 0.09% |
| ██▅▁▁▃▁▁ | Net Charge-Off Ratio (%) | 1.33% | 1.30% | 0.83% | 0.08% | 0.07% | 0.40% | 0.11% | 0.12% |
| ▃▁▃▄▇▇██ | Tang. Book Value ($M) | $87 | $80 | $88 | $93 | $102 | $103 | $108 | $109 |
| ▁▆▄▁▄▇██ | Gross Loans ($M) | $761 | $808 | $786 | $755 | $788 | $813 | $832 | $824 |
| ▁▂▃▅▆▆██ | Total Deposits ($M) | $1,003 | $1,033 | $1,044 | $1,070 | $1,087 | $1,084 | $1,114 | $1,129 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 13% |
| Agricultural | 15% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 18% |