Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.28% | +0.49 | 1.79% |
| Return on Equity (%) | ▲ | 23.56% | +3.16 | 20.40% |
| Net Interest Margin (%) | ▲ | 4.80% | +0.39 | 4.40% |
| Efficiency Ratio (%) | ▲ | 53.95% | -3.68 | 57.62% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.65 | $7 |
| Cost of Funds (%) | ▲ | 1.30% | -0.11 | 1.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,375 | +45.73 | $1,329 |
| Gross Loans ($M) | ▲ | $962 | +55.62 | $906 |
| Loan Growth YoY (%) | ▲ | 76.96% | +2.53 | 74.43% |
| Total Deposits ($M) | ▲ | $1,231 | +32.80 | $1,198 |
| Shareholders Equity ($M) | ▲ | $133 | +12.17 | $121 |
| Tang. Book Value ($M) | ▲ | $119 | +12.42 | $107 |
| TBV excl. AOCI ($M)** | ▲ | $133 | +12.49 | $120 |
| Loan / Deposit Ratio (%) | ▲ | 76.96% | +2.53 | 74.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.47 | 0.58% |
| Allowance / Loans (%) | — | 1.48% | -0.08% | 1.56% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.68 | 0.83% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.75% | -0.57 | 14.32% |
Noninterest income ($3.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▇█ | Net Interest Margin (%) | 4.21% | 4.22% | 4.29% | 4.40% | 4.47% | 4.54% | 4.69% | 4.80% |
| ▁▁▂▂▄▄██ | Return on Assets (%) | 1.70% | 1.63% | 1.72% | 1.79% | 1.94% | 1.96% | 2.32% | 2.28% |
| ██▅▇▅▄▁▂ | Efficiency Ratio (%) | 58.6% | 59.2% | 56.1% | 57.6% | 56.1% | 55.6% | 52.6% | 53.9% |
| ██▆▄▃▃▁▁ | Cost of Funds (%) | 1.54% | 1.55% | 1.47% | 1.41% | 1.37% | 1.37% | 1.31% | 1.30% |
| █▇█▇▇▅▁▁ | NPA / Assets (%) | 0.69% | 0.61% | 0.63% | 0.58% | 0.55% | 0.44% | 0.07% | 0.11% |
| ███▇▇▅▁▁ | Net Charge-Off Ratio (%) | 0.99% | 0.89% | 0.89% | 0.83% | 0.79% | 0.64% | 0.11% | 0.15% |
| ▂▁▃▄▇███ | Tang. Book Value ($M) | $100 | $94 | $103 | $107 | $114 | $119 | $118 | $119 |
| ▁▁▂▂▃▅▆█ | Gross Loans ($M) | $898 | $897 | $908 | $906 | $921 | $933 | $945 | $962 |
| ▁▃▄▆▇▇██ | Total Deposits ($M) | $1,122 | $1,160 | $1,169 | $1,198 | $1,210 | $1,208 | $1,232 | $1,231 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 7% |
| Agricultural | 3% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 9% |