Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.21% | -2.52 | 4.73% |
| Return on Equity (%) | ▼ | 15.96% | -6.67 | 22.63% |
| Net Interest Margin (%) | ▼ | 4.95% | -0.65 | 5.60% |
| Efficiency Ratio (%) | ▼ | 70.51% | +7.75 | 62.76% |
| Pre-Provision Profit ($M) | ▼ | $12 | -3.11 | $15 |
| Cost of Funds (%) | ▼ | 1.16% | +0.81 | 0.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,701 | +769.05 | $932 |
| Gross Loans ($M) | ▲ | $1,070 | +701.12 | $369 |
| Loan Growth YoY (%) | ▲ | 86.78% | +20.17 | 66.61% |
| Total Deposits ($M) | ▲ | $1,220 | +673.44 | $547 |
| Shareholders Equity ($M) | ▲ | $221 | +25.12 | $196 |
| Tang. Book Value ($M) | ▲ | $191 | +2.98 | $188 |
| TBV excl. AOCI ($M)** | ▲ | $199 | +5.66 | $193 |
| Loan / Deposit Ratio (%) | ▲ | 86.78% | +20.17 | 66.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.42% | -0.01 | 0.43% |
| Allowance / Loans (%) | — | 1.03% | -0.19% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.59% | -0.50 | 1.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($19.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▅▇▆▆▁▃ | Net Interest Margin (%) | 5.89% | 5.96% | 5.23% | 5.60% | 5.44% | 5.47% | 4.48% | 4.95% |
| █▇▄▄▄▃▁▁ | Return on Assets (%) | 7.71% | 6.99% | 4.55% | 4.73% | 4.28% | 3.92% | 1.99% | 2.21% |
| ▁▁▄▄▄▅█▇ | Efficiency Ratio (%) | 54.5% | 56.8% | 62.8% | 62.8% | 64.4% | 66.1% | 74.5% | 70.5% |
| ▁▁▁▂▃▅▄█ | Cost of Funds (%) | 0.14% | 0.20% | 0.21% | 0.35% | 0.50% | 0.68% | 0.55% | 1.16% |
| ▁▇▄█▅▁▃█ | NPA / Assets (%) | 0.29% | 0.41% | 0.35% | 0.43% | 0.37% | 0.28% | 0.32% | 0.42% |
| ██▇▇▄▁▁▂ | Net Charge-Off Ratio (%) | 1.17% | 1.26% | 1.07% | 1.09% | 0.82% | 0.50% | 0.48% | 0.59% |
| ▁▂▄▇█▃▄▇ | Tang. Book Value ($M) | $157 | $167 | $177 | $188 | $197 | $168 | $177 | $191 |
| ▁▁▁▂▃▃██ | Gross Loans ($M) | $217 | $264 | $295 | $369 | $473 | $542 | $1,148 | $1,070 |
| ▁▁▁▁▃▂██ | Total Deposits ($M) | $534 | $457 | $508 | $547 | $673 | $638 | $1,243 | $1,220 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 5% |
| Agricultural | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 8% |