Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.07% | +0.34 | 1.73% |
| Return on Equity (%) | ▼ | 31.19% | -1.94 | 33.13% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.60 | 3.23% |
| Efficiency Ratio (%) | ▲ | 47.28% | -6.38 | 53.66% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.24 | $5 |
| Cost of Funds (%) | ▲ | 1.66% | -0.26 | 1.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,087 | -35.41 | $1,123 |
| Gross Loans ($M) | ▲ | $795 | +17.28 | $778 |
| Loan Growth YoY (%) | ▲ | 80.61% | +4.55 | 76.05% |
| Total Deposits ($M) | ▼ | $973 | -35.39 | $1,009 |
| Shareholders Equity ($M) | ▲ | $75 | +13.61 | $61 |
| Tang. Book Value ($M) | ▲ | $74 | +13.65 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +13.38 | $72 |
| Loan / Deposit Ratio (%) | ▲ | 80.61% | +4.55 | 76.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.38% | -0.19 | 0.57% |
| Allowance / Loans (%) | — | 1.34% | -0.05% | 1.38% |
| Net Charge-Off Ratio (%) | ▲ | 0.47% | -0.35 | 0.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.23% | +0.62 | 11.61% |
Noninterest income ($1.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▅██ | Net Interest Margin (%) | 2.76% | 2.85% | 3.24% | 3.23% | 3.30% | 3.39% | 3.80% | 3.83% |
| ▁▁▃▄▅▆██ | Return on Assets (%) | 1.34% | 1.39% | 1.58% | 1.73% | 1.77% | 1.84% | 2.12% | 2.07% |
| ███▆▅▄▁▁ | Efficiency Ratio (%) | 56.7% | 56.1% | 55.9% | 53.7% | 52.1% | 51.4% | 47.6% | 47.3% |
| █▇▄▅▆▃▁▁ | Cost of Funds (%) | 2.15% | 2.02% | 1.89% | 1.91% | 1.98% | 1.80% | 1.65% | 1.66% |
| ▂▃▆▆█▄▁▁ | NPA / Assets (%) | 0.41% | 0.46% | 0.55% | 0.57% | 0.63% | 0.50% | 0.39% | 0.38% |
| ▃▄▆▇█▅▁▁ | Net Charge-Off Ratio (%) | 0.59% | 0.65% | 0.75% | 0.82% | 0.87% | 0.69% | 0.51% | 0.47% |
| ▄▁▃▄▆▇▇█ | Tang. Book Value ($M) | $62 | $52 | $58 | $60 | $66 | $70 | $70 | $74 |
| ▃▅▂▃▅▆▁█ | Gross Loans ($M) | $780 | $784 | $777 | $778 | $785 | $788 | $771 | $795 |
| ▁▆▁█▂▃▃▃ | Total Deposits ($M) | $960 | $994 | $954 | $1,009 | $961 | $970 | $970 | $973 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 5% |
| Agricultural | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 3% |