Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.07% | -0.50 | 1.57% |
| Return on Equity (%) | ▼ | 10.82% | -6.00 | 16.82% |
| Net Interest Margin (%) | ▲ | 4.86% | +0.45 | 4.41% |
| Efficiency Ratio (%) | ▼ | 72.09% | +14.85 | 57.25% |
| Pre-Provision Profit ($M) | ▼ | $3 | -1.41 | $5 |
| Cost of Funds (%) | ▼ | 1.87% | +0.18 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $964 | +42.68 | $921 |
| Gross Loans ($M) | ▲ | $664 | +85.16 | $579 |
| Loan Growth YoY (%) | ▲ | 76.89% | +8.53 | 68.36% |
| Total Deposits ($M) | ▲ | $850 | +19.56 | $831 |
| Shareholders Equity ($M) | ▲ | $96 | +11.23 | $85 |
| Tang. Book Value ($M) | ▲ | $88 | +12.53 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $99 | +17.49 | $81 |
| Loan / Deposit Ratio (%) | ▲ | 76.89% | +8.53 | 68.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.51% | +0.01 | 1.50% |
| Allowance / Loans (%) | — | 1.58% | -0.36% | 1.93% |
| Net Charge-Off Ratio (%) | ▲ | 1.86% | -0.42 | 2.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.92% | -0.16 | 12.09% |
Noninterest income ($1.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄█▁▆▇█▇ | Net Interest Margin (%) | 4.58% | 4.64% | 4.91% | 4.41% | 4.80% | 4.81% | 4.94% | 4.86% |
| ▃▃▅▆█▅▁▁ | Return on Assets (%) | 1.25% | 1.27% | 1.43% | 1.57% | 1.74% | 1.44% | 1.12% | 1.07% |
| ▅▅▂▁▃▆██ | Efficiency Ratio (%) | 65.3% | 65.1% | 60.8% | 57.2% | 61.0% | 66.8% | 70.5% | 72.1% |
| ██▇▁▅▃▂▂ | Cost of Funds (%) | 2.44% | 2.41% | 2.33% | 1.69% | 2.16% | 1.96% | 1.87% | 1.87% |
| ▂▂▁██▅▃█ | NPA / Assets (%) | 0.61% | 0.57% | 0.43% | 1.50% | 1.52% | 1.01% | 0.84% | 1.51% |
| ▂▁▁██▄▂▇ | Net Charge-Off Ratio (%) | 0.77% | 0.72% | 0.55% | 2.28% | 2.23% | 1.22% | 0.95% | 1.86% |
| ▁▁▁▅▇███ | Tang. Book Value ($M) | $59 | $59 | $62 | $76 | $82 | $86 | $85 | $88 |
| ▁▂▁▄▄▆▇█ | Gross Loans ($M) | $517 | $543 | $528 | $579 | $583 | $618 | $644 | $664 |
| ▁▁▁█▇▇██ | Total Deposits ($M) | $591 | $622 | $615 | $831 | $798 | $801 | $835 | $850 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 59% |
| C&I / Commercial | 23% |
| Agricultural | 15% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 17% |