Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.11% | -0.81 | 0.93% |
| Return on Equity (%) | ▼ | 1.00% | -5.48 | 6.48% |
| Net Interest Margin (%) | ▲ | 2.95% | +0.70 | 2.26% |
| Efficiency Ratio (%) | ▼ | 88.46% | +5.38 | 83.08% |
| Pre-Provision Profit ($M) | ▲ | $16 | +3.18 | $13 |
| Cost of Funds (%) | ▲ | 2.17% | -0.83 | 3.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,667 | +1366.35 | $2,300 |
| Gross Loans ($M) | ▲ | $2,607 | +1050.84 | $1,556 |
| Loan Growth YoY (%) | ▲ | 109.34% | +4.99 | 104.35% |
| Total Deposits ($M) | ▲ | $2,370 | +886.66 | $1,483 |
| Shareholders Equity ($M) | ▲ | $430 | +67.97 | $362 |
| Tang. Book Value ($M) | ▼ | $241 | -20.64 | $262 |
| TBV excl. AOCI ($M)** | ▼ | $253 | -12.11 | $265 |
| Loan / Deposit Ratio (%) | ▲ | 109.34% | +4.99 | 104.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.75% | +0.89 | 1.86% |
| Allowance / Loans (%) | — | 0.59% | 0.07% | 0.52% |
| Net Charge-Off Ratio (%) | ▼ | 3.62% | +0.98 | 2.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -23.90 | 23.90% |
Noninterest income ($77.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▄█ | Net Interest Margin (%) | 1.97% | 2.06% | 2.07% | 2.26% | 2.35% | 2.37% | 2.40% | 2.95% |
| ▇▆█▇▇▆▁▃ | Return on Assets (%) | 0.86% | 0.78% | 1.25% | 0.93% | 0.85% | 0.69% | -0.42% | 0.11% |
| ▁▂▁▂▂▃█▅ | Efficiency Ratio (%) | 82.6% | 83.2% | 81.4% | 83.1% | 83.9% | 85.0% | 95.0% | 88.5% |
| ▇█▅▆▅▃▁▂ | Cost of Funds (%) | 3.15% | 3.50% | 2.79% | 3.01% | 2.77% | 2.45% | 1.83% | 2.17% |
| ▁▃▂▃▅█▅▆ | NPA / Assets (%) | 1.05% | 1.66% | 1.53% | 1.86% | 2.22% | 3.34% | 2.45% | 2.75% |
| ▁▂▂▃▄█▅▅ | Net Charge-Off Ratio (%) | 1.91% | 2.53% | 2.58% | 2.65% | 3.18% | 4.69% | 3.60% | 3.62% |
| ▇▆▆▇▆▂█▁ | Tang. Book Value ($M) | $262 | $259 | $258 | $262 | $259 | $246 | $267 | $241 |
| ▁▁▁▂▂▃██ | Gross Loans ($M) | $1,296 | $1,399 | $1,352 | $1,556 | $1,539 | $1,724 | $2,457 | $2,607 |
| ▂▁▂▂▁▁█▇ | Total Deposits ($M) | $1,581 | $1,381 | $1,512 | $1,483 | $1,395 | $1,309 | $2,568 | $2,370 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 10% |
| Agricultural | 5% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 10% |