Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.46 | 0.86% |
| Return on Equity (%) | ▲ | 11.63% | +2.96 | 8.67% |
| Net Interest Margin (%) | ▲ | 3.98% | +1.22 | 2.76% |
| Efficiency Ratio (%) | ▲ | 59.02% | -5.31 | 64.32% |
| Pre-Provision Profit ($M) | ▲ | $11 | +4.62 | $7 |
| Cost of Funds (%) | ▲ | 1.90% | -0.34 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,712 | +575.07 | $2,137 |
| Gross Loans ($M) | ▲ | $1,804 | +528.92 | $1,275 |
| Loan Growth YoY (%) | ▲ | 78.32% | +9.02 | 69.30% |
| Total Deposits ($M) | ▲ | $2,280 | +459.22 | $1,821 |
| Shareholders Equity ($M) | ▲ | $313 | +100.83 | $212 |
| Tang. Book Value ($M) | ▲ | $278 | +89.25 | $189 |
| TBV excl. AOCI ($M)** | ▲ | $312 | +93.27 | $218 |
| Loan / Deposit Ratio (%) | ▲ | 78.32% | +9.02 | 69.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.44% | +0.20 | 0.24% |
| Allowance / Loans (%) | — | 1.00% | -0.02% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.61% | +0.22 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.29% | +0.72 | 14.57% |
Noninterest income ($5.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▂▃██ | Net Interest Margin (%) | 2.46% | 2.50% | 2.69% | 2.76% | 2.82% | 2.91% | 4.12% | 3.98% |
| ▁▁▂▃▃▃██ | Return on Assets (%) | 0.64% | 0.66% | 0.79% | 0.86% | 0.86% | 0.84% | 1.39% | 1.32% |
| ███▅▅▆▁▁ | Efficiency Ratio (%) | 67.8% | 67.7% | 67.5% | 64.3% | 64.1% | 65.0% | 58.5% | 59.0% |
| ██▅▅▆▃▁▁ | Cost of Funds (%) | 2.56% | 2.53% | 2.27% | 2.25% | 2.30% | 2.04% | 1.84% | 1.90% |
| ▅▂▁▁▇█▆█ | NPA / Assets (%) | 0.36% | 0.27% | 0.25% | 0.24% | 0.43% | 0.46% | 0.38% | 0.44% |
| ▄▁▁▁██▄▆ | Net Charge-Off Ratio (%) | 0.52% | 0.42% | 0.41% | 0.39% | 0.66% | 0.68% | 0.53% | 0.61% |
| ▁▁▁▁▂▃██ | Tang. Book Value ($M) | $179 | $177 | $180 | $189 | $197 | $204 | $270 | $278 |
| ▁▁▁▁▁▁██ | Gross Loans ($M) | $1,294 | $1,264 | $1,277 | $1,275 | $1,289 | $1,280 | $1,758 | $1,804 |
| ▁▁▂▂▂▁██ | Total Deposits ($M) | $1,694 | $1,690 | $1,777 | $1,821 | $1,784 | $1,757 | $2,283 | $2,280 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 10% |
| Agricultural | 5% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |