Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.49% | +0.35 | 1.14% |
| Return on Equity (%) | ▲ | 15.56% | +2.58 | 12.98% |
| Net Interest Margin (%) | ▲ | 3.36% | +0.55 | 2.81% |
| Efficiency Ratio (%) | ▲ | 46.26% | -8.17 | 54.43% |
| Pre-Provision Profit ($M) | ▲ | $48 | +14.35 | $33 |
| Cost of Funds (%) | ▲ | 1.74% | -0.21 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,177 | +668.45 | $8,509 |
| Gross Loans ($M) | ▲ | $6,829 | +486.37 | $6,342 |
| Loan Growth YoY (%) | ▼ | 83.04% | -0.10 | 83.14% |
| Total Deposits ($M) | ▲ | $8,131 | +589.40 | $7,541 |
| Shareholders Equity ($M) | ▲ | $889 | +109.04 | $780 |
| Tang. Book Value ($M) | ▲ | $866 | +109.04 | $757 |
| TBV excl. AOCI ($M)** | ▲ | $931 | +91.91 | $839 |
| Loan / Deposit Ratio (%) | ▼ | 83.04% | -0.10 | 83.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.14% | -0.04 | 0.18% |
| Allowance / Loans (%) | — | 1.12% | -0.02% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.03 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.35% | +0.24 | 12.11% |
Noninterest income ($11.79M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 2.20% | 2.29% | 2.69% | 2.81% | 2.92% | 3.00% | 3.27% | 3.36% |
| ▁▁▅▅▆▆██ | Return on Assets (%) | 0.67% | 0.76% | 1.09% | 1.14% | 1.21% | 1.26% | 1.45% | 1.49% |
| █▇▅▄▃▃▁▁ | Efficiency Ratio (%) | 64.6% | 61.8% | 57.1% | 54.4% | 52.5% | 51.7% | 47.4% | 46.3% |
| █▇▃▄▃▂▁▂ | Cost of Funds (%) | 2.44% | 2.29% | 1.93% | 1.95% | 1.90% | 1.75% | 1.63% | 1.74% |
| ▇▇▇▅▄▁█▁ | NPA / Assets (%) | 0.20% | 0.20% | 0.20% | 0.18% | 0.17% | 0.13% | 0.21% | 0.14% |
| █▅▅▃▂▁▇▁ | Net Charge-Off Ratio (%) | 0.18% | 0.12% | 0.13% | 0.10% | 0.08% | 0.05% | 0.16% | 0.07% |
| ▁▁▂▄▆▇▇█ | Tang. Book Value ($M) | $680 | $672 | $716 | $757 | $798 | $835 | $826 | $866 |
| ▁▂▂▄▄▆██ | Gross Loans ($M) | $6,027 | $6,170 | $6,222 | $6,342 | $6,425 | $6,608 | $6,737 | $6,829 |
| ▁▁▂▃▃▆██ | Total Deposits ($M) | $7,305 | $7,255 | $7,443 | $7,541 | $7,540 | $7,840 | $8,132 | $8,131 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 9% |
| Agricultural | 12% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |