Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.91% | +0.33 | 1.58% |
| Return on Equity (%) | ▲ | 20.37% | +1.34 | 19.03% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.43 | 3.58% |
| Efficiency Ratio (%) | ▲ | 52.81% | -4.51 | 57.32% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.42 | $5 |
| Cost of Funds (%) | ▲ | 1.90% | -0.17 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,181 | +57.86 | $1,123 |
| Gross Loans ($M) | ▲ | $913 | +90.48 | $822 |
| Loan Growth YoY (%) | ▲ | 85.29% | +5.47 | 79.82% |
| Total Deposits ($M) | ▲ | $1,057 | +39.67 | $1,017 |
| Shareholders Equity ($M) | ▲ | $113 | +18.86 | $94 |
| Tang. Book Value ($M) | ▲ | $108 | +18.86 | $89 |
| TBV excl. AOCI ($M)** | ▲ | $117 | +19.00 | $98 |
| Loan / Deposit Ratio (%) | ▲ | 85.29% | +5.47 | 79.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.02 | 0.12% |
| Allowance / Loans (%) | — | 1.23% | -0.02% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.01 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.66% | +0.54 | 12.12% |
Noninterest income ($1.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 3.03% | 3.12% | 3.45% | 3.58% | 3.65% | 3.73% | 3.90% | 4.01% |
| ▁▁▅▅▆▆██ | Return on Assets (%) | 1.10% | 1.18% | 1.53% | 1.58% | 1.66% | 1.71% | 1.90% | 1.91% |
| █▇▄▃▃▂▁▁ | Efficiency Ratio (%) | 67.6% | 64.2% | 58.8% | 57.3% | 56.8% | 55.2% | 54.4% | 52.8% |
| ██▄▃▄▄▁▁ | Cost of Funds (%) | 2.35% | 2.38% | 2.13% | 2.08% | 2.09% | 2.11% | 1.93% | 1.90% |
| ▁▂▁▄██▄▆ | NPA / Assets (%) | 0.10% | 0.11% | 0.09% | 0.12% | 0.17% | 0.17% | 0.12% | 0.15% |
| ▃▄▂▂█▆▁▄ | Net Charge-Off Ratio (%) | 0.14% | 0.15% | 0.12% | 0.13% | 0.19% | 0.16% | 0.11% | 0.14% |
| ▂▁▂▃▅▆██ | Tang. Book Value ($M) | $86 | $82 | $87 | $89 | $98 | $101 | $105 | $108 |
| ▁▁▂▄▄▅▇█ | Gross Loans ($M) | $755 | $774 | $787 | $822 | $834 | $850 | $881 | $913 |
| ▁▁▃▅▇▆██ | Total Deposits ($M) | $956 | $966 | $991 | $1,017 | $1,033 | $1,026 | $1,057 | $1,057 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 9% |
| Agricultural | 4% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 14% |