Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.24% | +1.13 | 0.11% |
| Return on Equity (%) | ▲ | 10.68% | +9.65 | 1.03% |
| Net Interest Margin (%) | ▼ | 3.75% | -0.03 | 3.78% |
| Efficiency Ratio (%) | ▲ | 55.18% | -20.67 | 75.85% |
| Pre-Provision Profit ($M) | ▲ | $18 | +0.27 | $18 |
| Cost of Funds (%) | ▲ | 1.49% | -0.07 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,454 | +148.38 | $4,305 |
| Gross Loans ($M) | ▲ | $3,077 | +148.18 | $2,928 |
| Loan Growth YoY (%) | ▲ | 84.28% | +3.76 | 80.51% |
| Total Deposits ($M) | ▲ | $3,608 | +14.19 | $3,594 |
| Shareholders Equity ($M) | ▲ | $520 | +41.85 | $478 |
| Tang. Book Value ($M) | ▲ | $354 | +46.48 | $307 |
| TBV excl. AOCI ($M)** | ▲ | $401 | +49.93 | $351 |
| Loan / Deposit Ratio (%) | ▲ | 84.28% | +3.76 | 80.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.74% | +0.29 | 0.45% |
| Allowance / Loans (%) | — | 1.16% | -0.03% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 1.00% | +0.43 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.81% | +0.51 | 11.30% |
Noninterest income ($6.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇██▇▇ | Net Interest Margin (%) | 3.12% | 3.14% | 3.40% | 3.78% | 3.89% | 3.89% | 3.76% | 3.75% |
| ██▁▅▆▇██ | Return on Assets (%) | 1.07% | 1.09% | -1.36% | 0.11% | 0.58% | 0.79% | 1.30% | 1.24% |
| ▁▁█▄▃▂▁▁ | Efficiency Ratio (%) | 60.6% | 60.4% | 105.1% | 75.8% | 67.7% | 64.0% | 55.3% | 55.2% |
| ██▁▇▆▆▅▅ | Cost of Funds (%) | 1.62% | 1.66% | 1.22% | 1.56% | 1.52% | 1.53% | 1.45% | 1.49% |
| ▁▁▅▅▅███ | NPA / Assets (%) | 0.11% | 0.15% | 0.45% | 0.45% | 0.47% | 0.67% | 0.69% | 0.74% |
| ▁▁▄▄▅▇██ | Net Charge-Off Ratio (%) | 0.16% | 0.24% | 0.57% | 0.58% | 0.60% | 0.89% | 0.93% | 1.00% |
| ▁▁▆▆▇███ | Tang. Book Value ($M) | $180 | $192 | $301 | $307 | $324 | $337 | $341 | $354 |
| ▁▁██████ | Gross Loans ($M) | $1,510 | $1,553 | $2,929 | $2,928 | $2,916 | $3,029 | $2,993 | $3,077 |
| ▁▁██████ | Total Deposits ($M) | $2,245 | $2,252 | $3,657 | $3,594 | $3,568 | $3,602 | $3,671 | $3,608 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 11% |