Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 5.07% | -0.07 | 5.14% |
| Return on Equity (%) | ▼ | 37.73% | -2.11 | 39.84% |
| Net Interest Margin (%) | ▼ | 5.72% | -0.16 | 5.88% |
| Efficiency Ratio (%) | ▲ | 44.40% | -1.79 | 46.19% |
| Pre-Provision Profit ($M) | ▲ | $22 | +0.56 | $21 |
| Cost of Funds (%) | ▲ | 0.24% | -0.02 | 0.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,741 | +131.50 | $1,609 |
| Gross Loans ($M) | ▲ | $447 | +55.27 | $392 |
| Loan Growth YoY (%) | ▲ | 29.40% | +1.76 | 27.64% |
| Total Deposits ($M) | ▲ | $1,503 | +111.53 | $1,392 |
| Shareholders Equity ($M) | ▲ | $228 | +18.96 | $209 |
| Tang. Book Value ($M) | ▲ | $228 | +18.96 | $209 |
| TBV excl. AOCI ($M)** | ▲ | $246 | +20.12 | $226 |
| Loan / Deposit Ratio (%) | ▲ | 29.40% | +1.76 | 27.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.00% | +0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.21% | -0.69% | 1.90% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 30.34% | -1.90 | 32.24% |
Noninterest income ($16.04M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂████▇▇ | Net Interest Margin (%) | 4.74% | 4.99% | 5.96% | 5.88% | 5.89% | 5.94% | 5.66% | 5.72% |
| ▁▅▅▇▇█▅▆ | Return on Assets (%) | 4.76% | 5.03% | 5.01% | 5.14% | 5.18% | 5.25% | 5.05% | 5.07% |
| ▁▁████▇▇ | Efficiency Ratio (%) | 36.5% | 37.1% | 46.5% | 46.2% | 45.7% | 46.1% | 44.1% | 44.4% |
| █▃▁▄▃▆▂▂ | Cost of Funds (%) | 0.30% | 0.25% | 0.23% | 0.26% | 0.25% | 0.28% | 0.25% | 0.24% |
| █▆▆▁▁▁▁▁ | NPA / Assets (%) | 0.04% | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▆▆▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.14% | 0.09% | 0.10% | 0.00% | 0.01% | 0.00% | 0.01% | 0.02% |
| ▁▂▄▄▅▇██ | Tang. Book Value ($M) | $194 | $201 | $207 | $209 | $215 | $221 | $224 | $228 |
| ▂▂▁▁▂▇▅█ | Gross Loans ($M) | $399 | $403 | $393 | $392 | $401 | $437 | $426 | $447 |
| ▁▂▃▄▅▂▆█ | Total Deposits ($M) | $1,320 | $1,364 | $1,377 | $1,392 | $1,430 | $1,353 | $1,451 | $1,503 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 18% |
| Agricultural | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 75% |
| Interest-Bearing (core) | 3% |
| Brokered / Other | 22% |