Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.09 | 1.00% |
| Return on Equity (%) | ▲ | 12.97% | +0.34 | 12.63% |
| Net Interest Margin (%) | ▲ | 3.47% | +0.35 | 3.12% |
| Efficiency Ratio (%) | ▲ | 64.17% | -5.19 | 69.36% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.52 | $6 |
| Cost of Funds (%) | ▲ | 1.46% | -0.05 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,170 | +61.79 | $2,108 |
| Gross Loans ($M) | ▲ | $1,590 | +192.51 | $1,398 |
| Loan Growth YoY (%) | ▲ | 85.38% | +11.66 | 73.72% |
| Total Deposits ($M) | ▼ | $1,845 | -32.78 | $1,878 |
| Shareholders Equity ($M) | ▲ | $190 | +17.75 | $172 |
| Tang. Book Value ($M) | ▲ | $183 | +17.98 | $166 |
| TBV excl. AOCI ($M)** | ▲ | $205 | +14.92 | $191 |
| Loan / Deposit Ratio (%) | ▲ | 85.38% | +11.66 | 73.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.36% | +0.27 | 0.09% |
| Allowance / Loans (%) | — | 0.91% | -0.02% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 0.49% | +0.40 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.49% | -0.69 | 12.18% |
Noninterest income ($4.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▄▆█ | Net Interest Margin (%) | 2.96% | 2.99% | 3.08% | 3.12% | 3.16% | 3.21% | 3.34% | 3.47% |
| ▁▁▄▆▇▇▇█ | Return on Assets (%) | 0.77% | 0.80% | 0.91% | 1.00% | 1.03% | 1.02% | 1.05% | 1.10% |
| ██▇▆▅▃▂▁ | Efficiency Ratio (%) | 71.1% | 70.5% | 69.6% | 69.4% | 68.0% | 66.5% | 65.2% | 64.2% |
| ██▄▂▃▄▁▁ | Cost of Funds (%) | 1.69% | 1.67% | 1.55% | 1.51% | 1.55% | 1.55% | 1.47% | 1.46% |
| ▁▁▁▂▄▅▅█ | NPA / Assets (%) | 0.06% | 0.04% | 0.04% | 0.09% | 0.18% | 0.23% | 0.20% | 0.36% |
| ▁▁▁▂▄▅▅█ | Net Charge-Off Ratio (%) | 0.04% | 0.02% | 0.01% | 0.09% | 0.24% | 0.30% | 0.28% | 0.49% |
| ▂▁▂▄▆▆▇█ | Tang. Book Value ($M) | $154 | $149 | $157 | $166 | $175 | $172 | $177 | $183 |
| ▃▃▁▂▃▇▇█ | Gross Loans ($M) | $1,425 | $1,424 | $1,368 | $1,398 | $1,433 | $1,537 | $1,559 | $1,590 |
| ▂▁▃▅█▄▆▄ | Total Deposits ($M) | $1,816 | $1,782 | $1,831 | $1,878 | $1,950 | $1,851 | $1,891 | $1,845 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 11% |
| Agricultural | 2% |
| Consumer | 4% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 7% |