Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.16% | +0.23 | 0.93% |
| Return on Equity (%) | ▲ | 17.77% | +1.51 | 16.26% |
| Net Interest Margin (%) | ▲ | 3.47% | +0.46 | 3.00% |
| Efficiency Ratio (%) | ▲ | 60.22% | -5.03 | 65.25% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.83 | $3 |
| Cost of Funds (%) | ▲ | 1.43% | -0.12 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $918 | +50.42 | $867 |
| Gross Loans ($M) | ▲ | $636 | +79.92 | $556 |
| Loan Growth YoY (%) | ▲ | 78.01% | +5.62 | 72.39% |
| Total Deposits ($M) | ▲ | $806 | +46.43 | $759 |
| Shareholders Equity ($M) | ▲ | $62 | +10.08 | $51 |
| Tang. Book Value ($M) | ▲ | $51 | +10.15 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $63 | +8.80 | $54 |
| Loan / Deposit Ratio (%) | ▲ | 78.01% | +5.62 | 72.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.03 | 0.06% |
| Allowance / Loans (%) | — | 1.20% | 0.01% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.04 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.61% | -0.20 | 11.81% |
Noninterest income ($1.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▃▄██ | Net Interest Margin (%) | 2.84% | 2.86% | 2.93% | 3.00% | 3.07% | 3.12% | 3.47% | 3.47% |
| ▁▁▄▄▄▄█▇ | Return on Assets (%) | 0.74% | 0.73% | 0.96% | 0.93% | 0.93% | 0.92% | 1.24% | 1.16% |
| ██▄▄▄▅▁▁ | Efficiency Ratio (%) | 71.6% | 72.9% | 64.8% | 65.3% | 66.1% | 66.8% | 59.6% | 60.2% |
| █▇▅▄▄▄▁▁ | Cost of Funds (%) | 1.71% | 1.66% | 1.58% | 1.55% | 1.56% | 1.54% | 1.45% | 1.43% |
| █▇█▅▆▇▁▁ | NPA / Assets (%) | 0.08% | 0.07% | 0.07% | 0.06% | 0.06% | 0.07% | 0.03% | 0.03% |
| █▇█▅▆▆▁▁ | Net Charge-Off Ratio (%) | 0.13% | 0.12% | 0.12% | 0.09% | 0.10% | 0.11% | 0.05% | 0.05% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $35 | $36 | $39 | $41 | $44 | $46 | $49 | $51 |
| ▁▁▁▂▄▆▆█ | Gross Loans ($M) | $538 | $534 | $539 | $556 | $578 | $601 | $610 | $636 |
| ▁▁▁▂▄▅▆█ | Total Deposits ($M) | $753 | $748 | $749 | $759 | $776 | $782 | $789 | $806 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 11% |
| Agricultural | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 6% |