Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.23% | -0.01 | 2.24% |
| Return on Equity (%) | ▼ | 24.53% | -4.14 | 28.67% |
| Net Interest Margin (%) | ▼ | 4.24% | -0.02 | 4.25% |
| Efficiency Ratio (%) | ▼ | 52.87% | +0.07 | 52.80% |
| Pre-Provision Profit ($M) | ▲ | $10 | +0.25 | $9 |
| Cost of Funds (%) | ▼ | 1.24% | +0.09 | 1.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,616 | +116.47 | $1,500 |
| Gross Loans ($M) | ▲ | $1,037 | +50.68 | $986 |
| Loan Growth YoY (%) | ▼ | 73.28% | -2.91 | 76.20% |
| Total Deposits ($M) | ▲ | $1,397 | +119.49 | $1,278 |
| Shareholders Equity ($M) | ▲ | $149 | +24.58 | $125 |
| Tang. Book Value ($M) | ▲ | $133 | +24.58 | $108 |
| TBV excl. AOCI ($M)** | ▲ | $152 | +23.86 | $128 |
| Loan / Deposit Ratio (%) | ▼ | 73.28% | -2.91 | 76.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.03 | 0.03% |
| Allowance / Loans (%) | — | 1.26% | -0.03% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.05 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.26% | +0.76 | 14.50% |
Noninterest income ($3.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▂▅▇█▁▄ | Net Interest Margin (%) | 4.14% | 4.20% | 4.17% | 4.25% | 4.31% | 4.34% | 4.16% | 4.24% |
| ▆▄▁▇█▇▄▇ | Return on Assets (%) | 2.19% | 2.14% | 2.01% | 2.24% | 2.28% | 2.23% | 2.12% | 2.23% |
| ▂▅█▁▁▃▃▁ | Efficiency Ratio (%) | 53.3% | 54.7% | 56.7% | 52.8% | 52.6% | 53.8% | 54.1% | 52.9% |
| ██▁▁▃▃▄█ | Cost of Funds (%) | 1.24% | 1.23% | 1.15% | 1.16% | 1.17% | 1.18% | 1.19% | 1.24% |
| █▃▃▄▁▁▁▁ | NPA / Assets (%) | 0.06% | 0.02% | 0.02% | 0.03% | 0.00% | 0.00% | 0.01% | 0.00% |
| █▃▃▄▁▁▁▁ | Net Charge-Off Ratio (%) | 0.09% | 0.03% | 0.03% | 0.05% | 0.00% | 0.00% | 0.01% | 0.00% |
| ▃▁▂▄▆▇▇█ | Tang. Book Value ($M) | $101 | $88 | $98 | $108 | $120 | $127 | $127 | $133 |
| ▁▁▁▄▆███ | Gross Loans ($M) | $951 | $949 | $959 | $986 | $1,012 | $1,033 | $1,029 | $1,037 |
| ▁▁▃▃▃▄██ | Total Deposits ($M) | $1,232 | $1,227 | $1,280 | $1,278 | $1,279 | $1,306 | $1,417 | $1,397 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 13% |
| Agricultural | 7% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 10% |