Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.82% | +0.32 | 1.49% |
| Return on Equity (%) | ▲ | 15.71% | +1.00 | 14.71% |
| Net Interest Margin (%) | ▲ | 4.21% | +0.34 | 3.86% |
| Efficiency Ratio (%) | ▲ | 54.07% | -3.18 | 57.26% |
| Pre-Provision Profit ($M) | ▲ | $21 | +4.24 | $17 |
| Cost of Funds (%) | ▲ | 1.38% | -0.17 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,657 | +92.21 | $3,565 |
| Gross Loans ($M) | ▼ | $2,523 | -2.47 | $2,526 |
| Loan Growth YoY (%) | ▼ | 79.53% | -2.23 | 81.76% |
| Total Deposits ($M) | ▲ | $3,131 | +84.03 | $3,047 |
| Shareholders Equity ($M) | ▲ | $431 | +60.50 | $371 |
| Tang. Book Value ($M) | ▲ | $286 | +60.73 | $226 |
| TBV excl. AOCI ($M)** | ▲ | $323 | +63.51 | $260 |
| Loan / Deposit Ratio (%) | ▼ | 79.53% | -2.23 | 81.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.70% | +0.12 | 0.58% |
| Allowance / Loans (%) | — | 1.31% | -0.05% | 1.37% |
| Net Charge-Off Ratio (%) | ▲ | 0.71% | -0.11 | 0.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.89% | +1.53 | 12.36% |
Noninterest income ($8.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 3.57% | 3.59% | 3.71% | 3.86% | 3.91% | 3.96% | 3.98% | 4.21% |
| ▁▁▂▃▁▃▅█ | Return on Assets (%) | 1.35% | 1.35% | 1.46% | 1.49% | 1.40% | 1.48% | 1.63% | 1.82% |
| ██▆▅▆▅▃▁ | Efficiency Ratio (%) | 58.7% | 59.3% | 57.9% | 57.3% | 57.4% | 57.2% | 55.6% | 54.1% |
| █▇▄▅▄▃▁▁ | Cost of Funds (%) | 1.71% | 1.64% | 1.53% | 1.55% | 1.53% | 1.47% | 1.39% | 1.38% |
| ▁▄▄▄█▅▇▅ | NPA / Assets (%) | 0.12% | 0.53% | 0.59% | 0.58% | 1.14% | 0.69% | 0.98% | 0.70% |
| ▁▄▄▄█▅▆▃ | Net Charge-Off Ratio (%) | 0.17% | 0.76% | 0.86% | 0.82% | 1.63% | 1.01% | 1.14% | 0.71% |
| ▂▁▂▃▅▇██ | Tang. Book Value ($M) | $220 | $202 | $222 | $226 | $254 | $274 | $281 | $286 |
| ▁▆▁██▇▄█ | Gross Loans ($M) | $2,481 | $2,511 | $2,487 | $2,526 | $2,524 | $2,518 | $2,503 | $2,523 |
| ▁▄▅▄▅███ | Total Deposits ($M) | $2,977 | $3,051 | $3,066 | $3,047 | $3,077 | $3,152 | $3,139 | $3,131 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 12% |
| Agricultural | 6% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 5% |