Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.66% | +0.21 | 1.45% |
| Return on Equity (%) | ▲ | 15.52% | +1.14 | 14.38% |
| Net Interest Margin (%) | ▲ | 3.47% | +0.07 | 3.40% |
| Efficiency Ratio (%) | ▲ | 45.83% | -0.28 | 46.11% |
| Pre-Provision Profit ($M) | ▲ | $39 | +2.16 | $37 |
| Cost of Funds (%) | ▲ | 2.03% | -0.23 | 2.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,237 | +279.49 | $6,958 |
| Gross Loans ($M) | ▲ | $5,583 | +354.79 | $5,228 |
| Loan Growth YoY (%) | ▲ | 86.89% | +3.35 | 83.54% |
| Total Deposits ($M) | ▲ | $6,344 | +165.15 | $6,179 |
| Shareholders Equity ($M) | ▲ | $751 | +45.06 | $706 |
| Tang. Book Value ($M) | ▲ | $745 | +45.30 | $700 |
| TBV excl. AOCI ($M)** | ▲ | $803 | +47.30 | $756 |
| Loan / Deposit Ratio (%) | ▲ | 86.89% | +3.35 | 83.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.28% | -0.17 | 0.44% |
| Allowance / Loans (%) | — | 1.26% | -0.01% | 1.27% |
| Net Charge-Off Ratio (%) | ▲ | 0.36% | -0.23 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.13% | -0.55 | 14.68% |
Noninterest income ($12.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▇▇███ | Net Interest Margin (%) | 3.16% | 3.20% | 3.36% | 3.40% | 3.43% | 3.45% | 3.46% | 3.47% |
| ▄▄▁▄▆▇██ | Return on Assets (%) | 1.46% | 1.48% | 1.31% | 1.45% | 1.54% | 1.61% | 1.63% | 1.66% |
| █▇▇▃▂▁▄▂ | Efficiency Ratio (%) | 47.6% | 47.1% | 47.3% | 46.1% | 45.8% | 45.3% | 46.3% | 45.8% |
| █▆▃▃▃▂▁▁ | Cost of Funds (%) | 2.75% | 2.50% | 2.20% | 2.27% | 2.25% | 2.11% | 1.98% | 2.03% |
| ███▃▁▁▁▁ | NPA / Assets (%) | 0.87% | 0.85% | 0.84% | 0.44% | 0.28% | 0.30% | 0.30% | 0.28% |
| ███▃▁▁▁▁ | Net Charge-Off Ratio (%) | 1.13% | 1.10% | 1.10% | 0.59% | 0.36% | 0.39% | 0.38% | 0.36% |
| ▂▁▂▃▆██▇ | Tang. Book Value ($M) | $688 | $669 | $681 | $700 | $735 | $763 | $752 | $745 |
| ▁▁▃▃▃▅▇█ | Gross Loans ($M) | $5,085 | $5,120 | $5,225 | $5,228 | $5,249 | $5,378 | $5,474 | $5,583 |
| ▁▂▂▆▃▃▆█ | Total Deposits ($M) | $5,841 | $5,907 | $5,964 | $6,179 | $6,028 | $5,974 | $6,192 | $6,344 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 29% |
| Agricultural | 3% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 10% |