Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.05% | +0.50 | 1.55% |
| Return on Equity (%) | ▲ | 14.59% | +3.84 | 10.75% |
| Net Interest Margin (%) | ▲ | 4.44% | +0.09 | 4.36% |
| Efficiency Ratio (%) | ▲ | 52.56% | -7.08 | 59.65% |
| Pre-Provision Profit ($M) | ▲ | $30 | +14.18 | $16 |
| Cost of Funds (%) | ▲ | 0.54% | -0.08 | 0.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,608 | +443.33 | $3,164 |
| Gross Loans ($M) | ▲ | $2,460 | +106.47 | $2,353 |
| Loan Growth YoY (%) | ▼ | 79.86% | -7.41 | 87.27% |
| Total Deposits ($M) | ▲ | $3,039 | +380.29 | $2,659 |
| Shareholders Equity ($M) | ▲ | $511 | +47.47 | $463 |
| Tang. Book Value ($M) | ▲ | $347 | +39.70 | $307 |
| TBV excl. AOCI ($M)** | ▲ | $359 | +45.58 | $313 |
| Loan / Deposit Ratio (%) | ▼ | 79.86% | -7.41 | 87.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.48% | -0.13 | 0.60% |
| Allowance / Loans (%) | — | 1.33% | -0.08% | 1.40% |
| Net Charge-Off Ratio (%) | ▲ | 0.70% | -0.10 | 0.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.32% | +1.03 | 14.29% |
Noninterest income ($22.82M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▄▅▇▆▇ | Net Interest Margin (%) | 4.47% | 4.46% | 4.29% | 4.36% | 4.40% | 4.44% | 4.40% | 4.44% |
| ▂▂▁▂▂▂▁█ | Return on Assets (%) | 1.59% | 1.59% | 1.51% | 1.55% | 1.55% | 1.55% | 1.48% | 2.05% |
| ▅▅▇▇███▁ | Efficiency Ratio (%) | 57.4% | 57.4% | 59.5% | 59.6% | 60.3% | 60.8% | 60.9% | 52.6% |
| █▆▅▅▄▁▁▂ | Cost of Funds (%) | 0.72% | 0.65% | 0.62% | 0.62% | 0.58% | 0.50% | 0.50% | 0.54% |
| ███▇▄▁▂▂ | NPA / Assets (%) | 0.64% | 0.64% | 0.63% | 0.60% | 0.53% | 0.44% | 0.49% | 0.48% |
| ███▇▄▁▄▃ | Net Charge-Off Ratio (%) | 0.82% | 0.83% | 0.84% | 0.79% | 0.71% | 0.61% | 0.72% | 0.70% |
| ▁▁▁▁▁▂▆█ | Tang. Book Value ($M) | $306 | $304 | $306 | $307 | $308 | $310 | $336 | $347 |
| █▆▄▃▁▁██ | Gross Loans ($M) | $2,444 | $2,416 | $2,383 | $2,353 | $2,331 | $2,315 | $2,456 | $2,460 |
| ▁▁▁▁▁▂██ | Total Deposits ($M) | $2,666 | $2,695 | $2,703 | $2,659 | $2,661 | $2,722 | $3,079 | $3,039 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 1% |