Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.11% | -0.08 | 1.18% |
| Return on Equity (%) | ▼ | 10.61% | -1.73 | 12.34% |
| Net Interest Margin (%) | ▼ | 4.08% | -0.02 | 4.09% |
| Efficiency Ratio (%) | ▼ | 64.00% | +2.51 | 61.49% |
| Pre-Provision Profit ($M) | ▼ | $7 | -0.51 | $8 |
| Cost of Funds (%) | ▼ | 0.71% | +0.03 | 0.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,001 | +80.48 | $1,921 |
| Gross Loans ($M) | ▲ | $1,164 | +55.77 | $1,108 |
| Loan Growth YoY (%) | ▲ | 65.32% | +1.26 | 64.07% |
| Total Deposits ($M) | ▲ | $1,764 | +52.77 | $1,712 |
| Shareholders Equity ($M) | ▲ | $216 | +30.56 | $185 |
| Tang. Book Value ($M) | ▲ | $213 | +30.60 | $182 |
| TBV excl. AOCI ($M)** | ▲ | $239 | +32.04 | $207 |
| Loan / Deposit Ratio (%) | ▲ | 65.32% | +1.26 | 64.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.13% | +0.13 | 0.00% |
| Allowance / Loans (%) | — | 0.96% | -0.07% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 0.00% | +0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.72% | +0.88 | 14.84% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▁▄▇█▂▃ | Net Interest Margin (%) | 4.08% | 4.08% | 4.05% | 4.09% | 4.14% | 4.15% | 4.07% | 4.08% |
| ██▂▃▅▅▁▁ | Return on Assets (%) | 1.41% | 1.39% | 1.15% | 1.18% | 1.26% | 1.27% | 1.10% | 1.11% |
| ▁▁▆▅▃▁▇█ | Efficiency Ratio (%) | 58.9% | 58.8% | 62.2% | 61.5% | 60.3% | 59.2% | 63.2% | 64.0% |
| ▆█▂▂▁▁▁▄ | Cost of Funds (%) | 0.73% | 0.77% | 0.69% | 0.68% | 0.67% | 0.67% | 0.68% | 0.71% |
| ▁▁▁▁▁██▅ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% | 0.24% | 0.13% |
| ▁▁▁▁▁██▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.40% | 0.42% | 0.00% |
| ▁▁▁▁▄▆▆█ | Tang. Book Value ($M) | $181 | $179 | $180 | $182 | $195 | $204 | $202 | $213 |
| ▁▃▂▄▄▇▇█ | Gross Loans ($M) | $1,074 | $1,105 | $1,089 | $1,108 | $1,111 | $1,142 | $1,146 | $1,164 |
| ▁▁▂▂▇██▆ | Total Deposits ($M) | $1,691 | $1,696 | $1,714 | $1,712 | $1,775 | $1,793 | $1,782 | $1,764 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 7% |
| Agricultural | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 3% |