Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.33% | +0.26 | 1.07% |
| Return on Equity (%) | ▲ | 13.58% | +2.59 | 10.99% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.23 | 3.60% |
| Efficiency Ratio (%) | ▲ | 63.94% | -5.84 | 69.78% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.64 | $5 |
| Cost of Funds (%) | ▲ | 1.61% | -0.05 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,389 | +87.16 | $1,301 |
| Gross Loans ($M) | ▲ | $799 | +23.85 | $776 |
| Loan Growth YoY (%) | ▼ | 65.53% | -3.34 | 68.87% |
| Total Deposits ($M) | ▲ | $1,198 | +92.56 | $1,105 |
| Shareholders Equity ($M) | ▲ | $140 | +10.91 | $129 |
| Tang. Book Value ($M) | ▲ | $140 | +20.87 | $119 |
| TBV excl. AOCI ($M)** | ▲ | $163 | +23.95 | $139 |
| Loan / Deposit Ratio (%) | ▼ | 65.53% | -3.34 | 68.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.04 | 0.06% |
| Allowance / Loans (%) | — | 1.83% | -0.04% | 1.86% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.02 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($4.55M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▆▇▇██ | Net Interest Margin (%) | 3.02% | 3.13% | 3.49% | 3.60% | 3.71% | 3.70% | 3.76% | 3.83% |
| ▁▁▅▅▆▆██ | Return on Assets (%) | 0.80% | 0.84% | 1.09% | 1.07% | 1.14% | 1.13% | 1.30% | 1.33% |
| ██▄▅▄▄▁▁ | Efficiency Ratio (%) | 75.1% | 74.8% | 69.3% | 69.8% | 68.6% | 68.3% | 63.8% | 63.9% |
| █▅▃▃▃▁▂▂ | Cost of Funds (%) | 2.06% | 1.80% | 1.68% | 1.66% | 1.68% | 1.46% | 1.58% | 1.61% |
| ██▆▆▁▂▂▁ | NPA / Assets (%) | 0.07% | 0.08% | 0.06% | 0.06% | 0.02% | 0.04% | 0.03% | 0.02% |
| ▇█▃▄▁▄▃▁ | Net Charge-Off Ratio (%) | 0.05% | 0.07% | 0.03% | 0.04% | 0.01% | 0.04% | 0.03% | 0.01% |
| ▄▁▂▃▄▄▆█ | Tang. Book Value ($M) | $121 | $108 | $115 | $119 | $122 | $123 | $130 | $140 |
| ▁▂▃▆▇▇▇█ | Gross Loans ($M) | $710 | $726 | $737 | $776 | $779 | $784 | $782 | $799 |
| ▁▃▂▂▁█▆▆ | Total Deposits ($M) | $1,085 | $1,127 | $1,121 | $1,105 | $1,085 | $1,239 | $1,189 | $1,198 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 5% |
| Agricultural | 5% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 5% |