Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.44% | +0.07 | 2.37% |
| Return on Equity (%) | ▲ | 20.66% | +1.08 | 19.58% |
| Net Interest Margin (%) | ▲ | 4.80% | +0.05 | 4.75% |
| Efficiency Ratio (%) | ▲ | 45.91% | -1.73 | 47.64% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.22 | $7 |
| Cost of Funds (%) | ▲ | 1.39% | -0.12 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,153 | +46.63 | $1,106 |
| Gross Loans ($M) | ▲ | $928 | +87.14 | $841 |
| Loan Growth YoY (%) | ▲ | 91.75% | +5.41 | 86.34% |
| Total Deposits ($M) | ▲ | $1,000 | +37.15 | $963 |
| Shareholders Equity ($M) | ▲ | $139 | +8.27 | $130 |
| Tang. Book Value ($M) | ▲ | $125 | +10.32 | $114 |
| TBV excl. AOCI ($M)** | ▲ | $128 | +10.40 | $117 |
| Loan / Deposit Ratio (%) | ▲ | 91.75% | +5.41 | 86.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.16 | 0.10% |
| Allowance / Loans (%) | — | 1.12% | -0.01% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.32% | +0.19 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃█▁▅▆█▂█ | Net Interest Margin (%) | 4.73% | 4.81% | 4.68% | 4.75% | 4.76% | 4.80% | 4.70% | 4.80% |
| ▁▁▅▄▇▇█▇ | Return on Assets (%) | 2.26% | 2.27% | 2.38% | 2.37% | 2.46% | 2.44% | 2.50% | 2.44% |
| ▇█▂▅▁▂▁▁ | Efficiency Ratio (%) | 48.5% | 48.9% | 46.2% | 47.6% | 45.9% | 46.3% | 45.5% | 45.9% |
| ▅█▃▃▄▃▁▁ | Cost of Funds (%) | 1.60% | 1.73% | 1.48% | 1.51% | 1.55% | 1.47% | 1.39% | 1.39% |
| ▂▃▁▂▄▅▇█ | NPA / Assets (%) | 0.10% | 0.12% | 0.07% | 0.10% | 0.15% | 0.19% | 0.23% | 0.26% |
| ▂▂▁▂▄▆██ | Net Charge-Off Ratio (%) | 0.13% | 0.14% | 0.09% | 0.13% | 0.20% | 0.24% | 0.30% | 0.32% |
| ▁▁▃▄▆▅██ | Tang. Book Value ($M) | $108 | $107 | $113 | $114 | $119 | $117 | $123 | $125 |
| ▁▁▂▂▄▅▇█ | Gross Loans ($M) | $822 | $829 | $843 | $841 | $868 | $877 | $903 | $928 |
| ▄▁▅▆▇▇██ | Total Deposits ($M) | $915 | $839 | $946 | $963 | $978 | $984 | $1,016 | $1,000 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 5% |
| Agricultural | 2% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 5% |