Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.26% | +0.25 | 1.02% |
| Return on Equity (%) | ▲ | 14.34% | +0.84 | 13.50% |
| Net Interest Margin (%) | ▲ | 3.52% | +0.34 | 3.18% |
| Efficiency Ratio (%) | ▲ | 66.52% | -6.34 | 72.86% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.13 | $3 |
| Cost of Funds (%) | ▲ | 1.34% | -0.27 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,080 | -28.54 | $1,108 |
| Gross Loans ($M) | ▲ | $641 | +44.57 | $596 |
| Loan Growth YoY (%) | ▲ | 64.95% | +6.87 | 58.08% |
| Total Deposits ($M) | ▼ | $972 | -40.21 | $1,012 |
| Shareholders Equity ($M) | ▲ | $98 | +11.39 | $87 |
| Tang. Book Value ($M) | ▲ | $94 | +11.39 | $83 |
| TBV excl. AOCI ($M)** | ▲ | $110 | +10.52 | $100 |
| Loan / Deposit Ratio (%) | ▲ | 64.95% | +6.87 | 58.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.07 | 0.02% |
| Allowance / Loans (%) | — | 1.46% | 0.08% | 1.37% |
| Net Charge-Off Ratio (%) | ▼ | 0.15% | +0.13 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.46% | +0.06 | 19.40% |
Noninterest income ($2.96M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▅▇█ | Net Interest Margin (%) | 3.05% | 3.08% | 3.09% | 3.18% | 3.23% | 3.29% | 3.41% | 3.52% |
| ▂▂▁▂▅█▆█ | Return on Assets (%) | 1.01% | 1.04% | 0.97% | 1.02% | 1.15% | 1.28% | 1.18% | 1.26% |
| ▇▇██▅▂▂▁ | Efficiency Ratio (%) | 72.3% | 71.7% | 73.4% | 72.9% | 70.4% | 67.4% | 67.6% | 66.5% |
| █▇▅▅▆▄▁▁ | Cost of Funds (%) | 1.81% | 1.70% | 1.59% | 1.61% | 1.63% | 1.52% | 1.36% | 1.34% |
| ▁▁▁▁▂███ | NPA / Assets (%) | 0.02% | 0.02% | 0.02% | 0.02% | 0.03% | 0.09% | 0.10% | 0.09% |
| ▂▁▁▁▃██▇ | Net Charge-Off Ratio (%) | 0.04% | 0.03% | 0.03% | 0.02% | 0.06% | 0.16% | 0.17% | 0.15% |
| ▄▁▂▄▆▇▇█ | Tang. Book Value ($M) | $83 | $74 | $78 | $83 | $89 | $90 | $91 | $94 |
| ▁▁▂▄▅▆▆█ | Gross Loans ($M) | $567 | $576 | $583 | $596 | $610 | $622 | $617 | $641 |
| ▁▆▇█▇▅▆▃ | Total Deposits ($M) | $958 | $997 | $1,002 | $1,012 | $1,000 | $985 | $992 | $972 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 17% |
| Agricultural | 3% |
| Consumer | 4% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 6% |