Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.66% | +0.27 | 2.38% |
| Return on Equity (%) | ▲ | 22.82% | +1.23 | 21.59% |
| Net Interest Margin (%) | ▲ | 4.41% | +0.42 | 3.99% |
| Efficiency Ratio (%) | ▲ | 41.77% | -1.51 | 43.28% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.16 | $6 |
| Cost of Funds (%) | ▲ | 1.39% | -0.31 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,314 | +353.31 | $961 |
| Gross Loans ($M) | ▲ | $872 | +233.68 | $639 |
| Loan Growth YoY (%) | ▼ | 74.15% | -1.17 | 75.32% |
| Total Deposits ($M) | ▲ | $1,163 | +324.33 | $839 |
| Shareholders Equity ($M) | ▲ | $144 | +35.64 | $108 |
| Tang. Book Value ($M) | ▲ | $112 | +16.08 | $96 |
| TBV excl. AOCI ($M)** | ▲ | $126 | +20.41 | $106 |
| Loan / Deposit Ratio (%) | ▼ | 74.15% | -1.17 | 75.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.08 | 0.12% |
| Allowance / Loans (%) | — | 1.14% | 0.05% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.13 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▆█ | Net Interest Margin (%) | 3.84% | 3.88% | 3.86% | 3.99% | 4.03% | 4.08% | 4.21% | 4.41% |
| ▁▁▄▆▆▆▇█ | Return on Assets (%) | 1.89% | 1.97% | 2.27% | 2.38% | 2.44% | 2.46% | 2.56% | 2.66% |
| ██▃▂▂▁▁▁ | Efficiency Ratio (%) | 50.9% | 50.0% | 44.7% | 43.3% | 43.0% | 42.5% | 42.3% | 41.8% |
| ██▆▆▆▄▂▁ | Cost of Funds (%) | 1.84% | 1.83% | 1.69% | 1.70% | 1.68% | 1.60% | 1.50% | 1.39% |
| ▁▁▇▇█▂▁▁ | NPA / Assets (%) | 0.04% | 0.04% | 0.13% | 0.12% | 0.15% | 0.05% | 0.03% | 0.04% |
| ▁▁██▁▂▁▁ | Net Charge-Off Ratio (%) | 0.06% | 0.06% | 0.20% | 0.18% | 0.06% | 0.06% | 0.04% | 0.06% |
| ▁▁▂▃▅▆██ | Tang. Book Value ($M) | $87 | $89 | $92 | $96 | $102 | $105 | $110 | $112 |
| ▁▁▁▁▁▂▂█ | Gross Loans ($M) | $634 | $648 | $645 | $639 | $650 | $690 | $683 | $872 |
| ▁▁▁▂▂▂▂█ | Total Deposits ($M) | $791 | $796 | $835 | $839 | $838 | $847 | $868 | $1,163 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 6% |
| Agricultural | 11% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 8% |