Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.44% | +0.08 | 1.36% |
| Return on Equity (%) | ▼ | 15.94% | -1.03 | 16.97% |
| Net Interest Margin (%) | ▲ | 4.09% | +0.26 | 3.83% |
| Efficiency Ratio (%) | ▼ | 57.94% | +0.32 | 57.62% |
| Pre-Provision Profit ($M) | ▲ | $15 | +1.51 | $13 |
| Cost of Funds (%) | ▲ | 1.91% | -0.28 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,160 | +175.21 | $2,984 |
| Gross Loans ($M) | ▲ | $2,426 | +150.05 | $2,276 |
| Loan Growth YoY (%) | ▲ | 88.25% | +5.60 | 82.65% |
| Total Deposits ($M) | ▲ | $2,713 | +2.49 | $2,710 |
| Shareholders Equity ($M) | ▲ | $289 | +40.61 | $249 |
| Tang. Book Value ($M) | ▲ | $253 | +41.50 | $212 |
| TBV excl. AOCI ($M)** | ▲ | $277 | +42.38 | $235 |
| Loan / Deposit Ratio (%) | ▲ | 88.25% | +5.60 | 82.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.01% | +0.56 | 0.45% |
| Allowance / Loans (%) | — | 1.34% | -0.26% | 1.60% |
| Net Charge-Off Ratio (%) | ▼ | 1.32% | +0.73 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -11.36 | 11.36% |
Noninterest income ($6.37M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▆▆██ | Net Interest Margin (%) | 3.38% | 3.46% | 3.75% | 3.83% | 3.91% | 3.89% | 4.02% | 4.09% |
| ▁▁▆▇█▇██ | Return on Assets (%) | 1.05% | 1.09% | 1.32% | 1.36% | 1.40% | 1.36% | 1.42% | 1.44% |
| █▄▁▄▁▅▂▅ | Efficiency Ratio (%) | 59.6% | 57.6% | 56.1% | 57.6% | 56.5% | 58.0% | 56.7% | 57.9% |
| █▇▅▄▃▃▁▁ | Cost of Funds (%) | 2.57% | 2.45% | 2.26% | 2.19% | 2.15% | 2.07% | 1.91% | 1.91% |
| ▁▁▁▂▁▆▇█ | NPA / Assets (%) | 0.39% | 0.37% | 0.40% | 0.45% | 0.44% | 0.84% | 0.89% | 1.01% |
| ▁▁▁▂▂▆▇█ | Net Charge-Off Ratio (%) | 0.41% | 0.48% | 0.52% | 0.59% | 0.57% | 1.09% | 1.16% | 1.32% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $197 | $190 | $201 | $212 | $227 | $238 | $245 | $253 |
| ▁▃▃▄▅▆██ | Gross Loans ($M) | $2,167 | $2,237 | $2,235 | $2,276 | $2,298 | $2,348 | $2,404 | $2,426 |
| ▁▄▅▅▄▆█▅ | Total Deposits ($M) | $2,553 | $2,692 | $2,712 | $2,710 | $2,673 | $2,734 | $2,835 | $2,713 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 15% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 14% |