Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.11 | 0.98% |
| Return on Equity (%) | ▲ | 11.96% | +0.94 | 11.02% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.07 | 3.65% |
| Efficiency Ratio (%) | ▲ | 61.54% | -0.60 | 62.14% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.22 | $6 |
| Cost of Funds (%) | ▲ | 2.34% | -0.13 | 2.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,632 | +198.11 | $1,434 |
| Gross Loans ($M) | ▲ | $1,356 | +145.77 | $1,211 |
| Loan Growth YoY (%) | ▼ | 93.32% | -2.10 | 95.42% |
| Total Deposits ($M) | ▲ | $1,436 | +182.42 | $1,254 |
| Shareholders Equity ($M) | ▲ | $152 | +27.84 | $125 |
| Tang. Book Value ($M) | ▲ | $151 | +28.06 | $123 |
| TBV excl. AOCI ($M)** | ▲ | $159 | +29.58 | $130 |
| Loan / Deposit Ratio (%) | ▼ | 93.32% | -2.10 | 95.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.01 | 0.03% |
| Allowance / Loans (%) | — | 1.17% | 0.01% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.01 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.92% | +1.46 | 10.46% |
Noninterest income ($2.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆██▆█ | Net Interest Margin (%) | 3.33% | 3.38% | 3.54% | 3.65% | 3.72% | 3.77% | 3.65% | 3.72% |
| ▁▁▅▆▇█▇█ | Return on Assets (%) | 0.69% | 0.69% | 0.91% | 0.98% | 1.02% | 1.09% | 1.01% | 1.09% |
| ██▂▁▁▁▂▁ | Efficiency Ratio (%) | 73.0% | 72.1% | 63.7% | 62.1% | 62.5% | 61.9% | 63.9% | 61.5% |
| █▇▆▄▆▅▁▁ | Cost of Funds (%) | 2.62% | 2.57% | 2.53% | 2.47% | 2.53% | 2.50% | 2.33% | 2.34% |
| █▄▇▄▃▁▁▄ | NPA / Assets (%) | 0.07% | 0.03% | 0.05% | 0.03% | 0.02% | 0.00% | 0.00% | 0.03% |
| ▁▂█▇▆▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.01% | 0.04% | 0.03% | 0.03% | 0.00% | 0.00% | 0.04% |
| ▁▁▁▂▃▄██ | Tang. Book Value ($M) | $117 | $117 | $121 | $123 | $128 | $133 | $147 | $151 |
| ▁▂▄▅▆▇▇█ | Gross Loans ($M) | $991 | $1,078 | $1,142 | $1,211 | $1,257 | $1,265 | $1,309 | $1,356 |
| ▁▂▄▅▆▆██ | Total Deposits ($M) | $1,039 | $1,096 | $1,204 | $1,254 | $1,289 | $1,325 | $1,434 | $1,436 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 32% |