Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.12% | +0.43 | 0.69% |
| Return on Equity (%) | ▲ | 13.76% | +4.56 | 9.20% |
| Net Interest Margin (%) | ▲ | 2.59% | +0.37 | 2.22% |
| Efficiency Ratio (%) | ▲ | 64.08% | -8.69 | 72.77% |
| Pre-Provision Profit ($M) | ▲ | $11 | +3.34 | $8 |
| Cost of Funds (%) | ▲ | 1.96% | -0.41 | 2.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,826 | +4.55 | $3,822 |
| Gross Loans ($M) | ▲ | $2,128 | +22.61 | $2,105 |
| Loan Growth YoY (%) | ▲ | 69.79% | +3.73 | 66.06% |
| Total Deposits ($M) | ▼ | $3,017 | -139.27 | $3,157 |
| Shareholders Equity ($M) | ▲ | $319 | +32.78 | $286 |
| Tang. Book Value ($M) | ▲ | $315 | +32.54 | $282 |
| TBV excl. AOCI ($M)** | ▲ | $386 | +32.03 | $354 |
| Loan / Deposit Ratio (%) | ▲ | 69.79% | +3.73 | 66.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.03 | 0.09% |
| Allowance / Loans (%) | — | 1.04% | 0.08% | 0.95% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.01 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -12.66 | 12.66% |
Noninterest income ($6.56M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 1.77% | 1.84% | 2.16% | 2.22% | 2.28% | 2.35% | 2.57% | 2.59% |
| ▁▁▂▂▃▄██ | Return on Assets (%) | 0.56% | 0.56% | 0.66% | 0.69% | 0.73% | 0.80% | 1.11% | 1.12% |
| ███▇▆▄▁▁ | Efficiency Ratio (%) | 74.5% | 74.4% | 74.6% | 72.8% | 71.3% | 69.0% | 64.4% | 64.1% |
| █▆▄▅▄▂▁▁ | Cost of Funds (%) | 2.78% | 2.52% | 2.36% | 2.38% | 2.29% | 2.11% | 1.94% | 1.96% |
| ▅▄▄▃█▅▆▁ | NPA / Assets (%) | 0.10% | 0.10% | 0.09% | 0.09% | 0.14% | 0.10% | 0.11% | 0.07% |
| ▁▂▁▁█▆█▁ | Net Charge-Off Ratio (%) | 0.12% | 0.13% | 0.12% | 0.13% | 0.21% | 0.18% | 0.21% | 0.12% |
| ▁▁▂▂▄▅▇█ | Tang. Book Value ($M) | $275 | $279 | $282 | $282 | $291 | $299 | $305 | $315 |
| ▁▄▅▇█▇▃█ | Gross Loans ($M) | $2,032 | $2,070 | $2,091 | $2,105 | $2,128 | $2,112 | $2,067 | $2,128 |
| ▁▅▇▅█▅▄▁ | Total Deposits ($M) | $2,993 | $3,154 | $3,249 | $3,157 | $3,293 | $3,179 | $3,112 | $3,017 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 7% |
| Agricultural | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 7% |