Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.41 | 0.60% |
| Return on Equity (%) | ▲ | 13.08% | +4.54 | 8.54% |
| Net Interest Margin (%) | ▲ | 3.85% | +0.26 | 3.59% |
| Efficiency Ratio (%) | ▲ | 72.05% | -12.61 | 84.66% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.43 | $2 |
| Cost of Funds (%) | ▲ | 1.12% | -0.16 | 1.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,034 | +33.52 | $1,000 |
| Gross Loans ($M) | ▲ | $698 | +38.71 | $660 |
| Loan Growth YoY (%) | ▲ | 73.74% | +2.53 | 71.21% |
| Total Deposits ($M) | ▲ | $938 | +20.62 | $918 |
| Shareholders Equity ($M) | ▲ | $82 | +11.86 | $70 |
| Tang. Book Value ($M) | ▲ | $82 | +11.86 | $70 |
| TBV excl. AOCI ($M)** | ▲ | $94 | +13.87 | $80 |
| Loan / Deposit Ratio (%) | ▲ | 73.74% | +2.53 | 71.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.08 | 0.18% |
| Allowance / Loans (%) | — | 0.94% | -0.01% | 0.96% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.12 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.80% | +0.42 | 11.38% |
Noninterest income ($2.97M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▅▆▇█ | Net Interest Margin (%) | 3.38% | 3.45% | 3.49% | 3.59% | 3.64% | 3.68% | 3.74% | 3.85% |
| ▆▆▁▄▅▆██ | Return on Assets (%) | 0.75% | 0.72% | 0.23% | 0.60% | 0.70% | 0.78% | 0.91% | 1.01% |
| ▄▄█▆▄▃▂▁ | Efficiency Ratio (%) | 79.6% | 80.5% | 91.9% | 84.7% | 81.6% | 78.8% | 75.6% | 72.0% |
| ██▄▄▅▄▁▁ | Cost of Funds (%) | 1.55% | 1.55% | 1.33% | 1.28% | 1.34% | 1.28% | 1.13% | 1.12% |
| ▃▇███▆▄▁ | NPA / Assets (%) | 0.13% | 0.17% | 0.18% | 0.18% | 0.19% | 0.17% | 0.14% | 0.11% |
| ▃▆███▇▄▁ | Net Charge-Off Ratio (%) | 0.20% | 0.25% | 0.27% | 0.28% | 0.29% | 0.25% | 0.22% | 0.16% |
| ▅▁▃▂▅▇▇█ | Tang. Book Value ($M) | $76 | $68 | $71 | $70 | $75 | $78 | $80 | $82 |
| ▁▂▃▃▄▅▃█ | Gross Loans ($M) | $637 | $647 | $654 | $660 | $663 | $671 | $658 | $698 |
| ▃▁▄▄▄▆█▆ | Total Deposits ($M) | $910 | $890 | $919 | $918 | $922 | $941 | $959 | $938 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 5% |