Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.11% | +0.17 | 0.94% |
| Return on Equity (%) | ▲ | 14.54% | +1.04 | 13.50% |
| Net Interest Margin (%) | ▲ | 3.30% | +0.41 | 2.89% |
| Efficiency Ratio (%) | ▲ | 59.69% | -2.48 | 62.17% |
| Pre-Provision Profit ($M) | ▲ | $9 | +1.62 | $7 |
| Cost of Funds (%) | ▲ | 1.55% | -0.24 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,134 | +85.99 | $2,048 |
| Gross Loans ($M) | ▲ | $1,571 | +61.44 | $1,510 |
| Loan Growth YoY (%) | ▲ | 79.78% | +0.62 | 79.15% |
| Total Deposits ($M) | ▲ | $1,939 | +60.39 | $1,879 |
| Shareholders Equity ($M) | ▲ | $165 | +20.82 | $144 |
| Tang. Book Value ($M) | ▲ | $159 | +19.63 | $139 |
| TBV excl. AOCI ($M)** | ▲ | $174 | +18.94 | $155 |
| Loan / Deposit Ratio (%) | ▲ | 79.78% | +0.62 | 79.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.35% | +0.09 | 0.27% |
| Allowance / Loans (%) | — | 1.51% | 0.04% | 1.47% |
| Net Charge-Off Ratio (%) | ▼ | 0.48% | +0.14 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.59% | +0.58 | 12.01% |
Noninterest income ($4.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▆▇█ | Net Interest Margin (%) | 2.61% | 2.70% | 2.80% | 2.89% | 2.98% | 3.11% | 3.18% | 3.30% |
| ▁▁▂▄▅█▇█ | Return on Assets (%) | 0.81% | 0.85% | 0.86% | 0.94% | 0.98% | 1.08% | 1.05% | 1.11% |
| ███▅▃▁▃▁ | Efficiency Ratio (%) | 64.2% | 64.3% | 64.4% | 62.2% | 61.1% | 59.3% | 60.8% | 59.7% |
| ██▅▅▄▄▂▁ | Cost of Funds (%) | 1.94% | 2.00% | 1.81% | 1.79% | 1.74% | 1.74% | 1.66% | 1.55% |
| ▁▁▁▄▃▇██ | NPA / Assets (%) | 0.18% | 0.20% | 0.18% | 0.27% | 0.23% | 0.32% | 0.36% | 0.35% |
| ▁▁▁▄▃▇██ | Net Charge-Off Ratio (%) | 0.25% | 0.25% | 0.24% | 0.34% | 0.31% | 0.43% | 0.49% | 0.48% |
| ▁▁▁▂▅▇▇█ | Tang. Book Value ($M) | $135 | $133 | $133 | $139 | $147 | $152 | $154 | $159 |
| ▁▂▃▅▆▇▇█ | Gross Loans ($M) | $1,444 | $1,468 | $1,480 | $1,510 | $1,536 | $1,553 | $1,555 | $1,571 |
| ▁▁▅▆▇▆██ | Total Deposits ($M) | $1,782 | $1,767 | $1,867 | $1,879 | $1,906 | $1,888 | $1,923 | $1,939 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 9% |
| Agricultural | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 12% |