Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.24% | +0.44 | 0.80% |
| Return on Equity (%) | ▲ | 15.54% | +4.14 | 11.40% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.38 | 3.35% |
| Efficiency Ratio (%) | ▲ | 58.18% | -12.52 | 70.70% |
| Pre-Provision Profit ($M) | ▲ | $10 | +5.75 | $4 |
| Cost of Funds (%) | ▲ | 1.60% | -0.29 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,396 | +85.61 | $1,310 |
| Gross Loans ($M) | ▲ | $928 | +76.86 | $851 |
| Loan Growth YoY (%) | ▲ | 72.61% | +2.53 | 70.08% |
| Total Deposits ($M) | ▲ | $1,267 | +64.33 | $1,203 |
| Shareholders Equity ($M) | ▲ | $116 | +20.28 | $96 |
| Tang. Book Value ($M) | ▲ | $113 | +20.29 | $93 |
| TBV excl. AOCI ($M)** | ▲ | $130 | +20.16 | $110 |
| Loan / Deposit Ratio (%) | ▲ | 72.61% | +2.53 | 70.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.28% | -0.30 | 0.58% |
| Allowance / Loans (%) | — | 0.87% | -0.11% | 0.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.43% | -0.47 | 0.90% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.50% | +0.78 | 12.73% |
Noninterest income ($7.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆▇█ | Net Interest Margin (%) | 2.76% | 2.84% | 3.18% | 3.35% | 3.37% | 3.42% | 3.59% | 3.73% |
| ▁▁▃▄▄▄▅█ | Return on Assets (%) | 0.51% | 0.56% | 0.74% | 0.80% | 0.82% | 0.85% | 0.94% | 1.24% |
| █▇▇▅▅▅▅▁ | Efficiency Ratio (%) | 79.1% | 76.3% | 76.3% | 70.7% | 70.3% | 69.3% | 70.8% | 58.2% |
| ██▅▃▄▃▁▁ | Cost of Funds (%) | 2.29% | 2.37% | 2.05% | 1.88% | 1.89% | 1.85% | 1.67% | 1.60% |
| ▅▆█▆▆▄▂▁ | NPA / Assets (%) | 0.49% | 0.55% | 0.69% | 0.58% | 0.55% | 0.44% | 0.34% | 0.28% |
| ▅▆█▆▆▄▂▁ | Net Charge-Off Ratio (%) | 0.79% | 0.84% | 1.08% | 0.90% | 0.85% | 0.68% | 0.54% | 0.43% |
| ▂▁▂▃▅▆▇█ | Tang. Book Value ($M) | $89 | $85 | $90 | $93 | $100 | $105 | $107 | $113 |
| ▁▂▁▂▄▅▆█ | Gross Loans ($M) | $833 | $842 | $828 | $851 | $874 | $889 | $901 | $928 |
| ▃▁▁▁▄▅█▇ | Total Deposits ($M) | $1,222 | $1,199 | $1,206 | $1,203 | $1,241 | $1,251 | $1,284 | $1,267 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 3% |