Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.66% | +0.30 | 1.36% |
| Return on Equity (%) | ▲ | 15.67% | +1.91 | 13.76% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.11 | 3.57% |
| Efficiency Ratio (%) | ▲ | 54.69% | -2.91 | 57.59% |
| Pre-Provision Profit ($M) | ▲ | $54 | +10.38 | $44 |
| Cost of Funds (%) | ▲ | 2.25% | -0.24 | 2.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,239 | +438.03 | $8,801 |
| Gross Loans ($M) | ▲ | $6,998 | +331.47 | $6,666 |
| Loan Growth YoY (%) | ▲ | 91.63% | +2.44 | 89.19% |
| Total Deposits ($M) | ▲ | $7,517 | +163.43 | $7,353 |
| Shareholders Equity ($M) | ▲ | $999 | +124.80 | $874 |
| Tang. Book Value ($M) | ▲ | $979 | +124.43 | $855 |
| TBV excl. AOCI ($M)** | ▲ | $1,070 | +126.87 | $943 |
| Loan / Deposit Ratio (%) | ▲ | 91.63% | +2.44 | 89.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.24% | -0.05 | 0.30% |
| Allowance / Loans (%) | — | 1.58% | -0.04% | 1.62% |
| Net Charge-Off Ratio (%) | ▲ | 0.32% | -0.07 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.71% | +1.05 | 11.65% |
Noninterest income ($37.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▆████ | Net Interest Margin (%) | 3.28% | 3.31% | 3.54% | 3.57% | 3.66% | 3.68% | 3.67% | 3.68% |
| ▁▃▂▁▂▇▆█ | Return on Assets (%) | 1.37% | 1.45% | 1.41% | 1.36% | 1.40% | 1.60% | 1.56% | 1.66% |
| █▆▅▅▅▁▂▁ | Efficiency Ratio (%) | 60.2% | 58.4% | 57.9% | 57.6% | 57.5% | 55.2% | 55.7% | 54.7% |
| █▇▄▄▄▂▁▁ | Cost of Funds (%) | 2.75% | 2.65% | 2.47% | 2.49% | 2.47% | 2.36% | 2.25% | 2.25% |
| ▁▅▄▅██▃▃ | NPA / Assets (%) | 0.15% | 0.31% | 0.28% | 0.30% | 0.42% | 0.39% | 0.24% | 0.24% |
| ▁▅▄▅██▃▃ | Net Charge-Off Ratio (%) | 0.21% | 0.42% | 0.37% | 0.39% | 0.55% | 0.52% | 0.31% | 0.32% |
| ▁▂▂▃▄▇▇█ | Tang. Book Value ($M) | $801 | $843 | $830 | $855 | $889 | $936 | $936 | $979 |
| ▁▂▃▅▅▇██ | Gross Loans ($M) | $6,330 | $6,426 | $6,522 | $6,666 | $6,730 | $6,855 | $6,966 | $6,998 |
| ▁▆▅▅▅█▇▆ | Total Deposits ($M) | $6,930 | $7,495 | $7,406 | $7,353 | $7,410 | $7,734 | $7,595 | $7,517 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 19% |
| Agricultural | 2% |
| Consumer | 9% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 16% |