Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.61% | +0.08 | 1.54% |
| Return on Equity (%) | ▲ | 14.65% | +0.60 | 14.05% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.07 | 3.39% |
| Efficiency Ratio (%) | ▲ | 45.45% | -1.16 | 46.61% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.12 | $8 |
| Cost of Funds (%) | ▲ | 2.18% | -0.14 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,698 | +218.16 | $1,480 |
| Gross Loans ($M) | ▲ | $1,205 | +194.68 | $1,010 |
| Loan Growth YoY (%) | ▲ | 83.78% | +2.00 | 81.77% |
| Total Deposits ($M) | ▲ | $1,434 | +202.99 | $1,231 |
| Shareholders Equity ($M) | ▲ | $183 | +17.58 | $165 |
| Tang. Book Value ($M) | ▲ | $176 | +18.36 | $158 |
| TBV excl. AOCI ($M)** | ▲ | $195 | +19.78 | $175 |
| Loan / Deposit Ratio (%) | ▲ | 83.78% | +2.00 | 81.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.03 | 0.05% |
| Allowance / Loans (%) | — | 0.26% | -0.05% | 0.32% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.05 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.09% | -0.40 | 14.49% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▇████ | Net Interest Margin (%) | 2.85% | 2.83% | 3.26% | 3.39% | 3.41% | 3.44% | 3.47% | 3.46% |
| ▁▁▂▇▇▅██ | Return on Assets (%) | 1.25% | 1.24% | 1.31% | 1.54% | 1.56% | 1.47% | 1.57% | 1.61% |
| ▇██▂▃▇▃▁ | Efficiency Ratio (%) | 49.5% | 50.1% | 50.3% | 46.6% | 46.9% | 49.5% | 47.1% | 45.4% |
| █▂▃▂▃▁▁▁ | Cost of Funds (%) | 2.93% | 2.30% | 2.36% | 2.32% | 2.39% | 2.20% | 2.13% | 2.18% |
| ▁█▆▅▄▃▂▁ | NPA / Assets (%) | 0.01% | 0.07% | 0.05% | 0.05% | 0.04% | 0.02% | 0.02% | 0.01% |
| ▁█▆▅▄▂▂▁ | Net Charge-Off Ratio (%) | 0.01% | 0.11% | 0.08% | 0.07% | 0.05% | 0.03% | 0.03% | 0.02% |
| ▁▄▅▅▇▇▇█ | Tang. Book Value ($M) | $129 | $151 | $153 | $158 | $165 | $169 | $170 | $176 |
| ▁▃▃▄▅▆▇█ | Gross Loans ($M) | $847 | $951 | $958 | $1,010 | $1,028 | $1,081 | $1,158 | $1,205 |
| ▁▅▅▅▅▆▇█ | Total Deposits ($M) | $1,017 | $1,267 | $1,237 | $1,231 | $1,263 | $1,314 | $1,359 | $1,434 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 25% |
| Agricultural | 2% |
| Consumer | 2% |
| Other | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 18% |