Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.08% | +0.62 | 1.46% |
| Return on Equity (%) | ▲ | 16.08% | +3.90 | 12.18% |
| Net Interest Margin (%) | ▲ | 3.79% | +0.53 | 3.26% |
| Efficiency Ratio (%) | ▲ | 44.78% | -1.57 | 46.35% |
| Pre-Provision Profit ($M) | ▲ | $30 | +5.21 | $25 |
| Cost of Funds (%) | ▲ | 1.56% | -0.26 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,795 | +191.57 | $4,603 |
| Gross Loans ($M) | ▲ | $3,658 | +135.98 | $3,522 |
| Loan Growth YoY (%) | ▼ | 102.21% | -1.74 | 103.95% |
| Total Deposits ($M) | ▲ | $3,525 | +188.91 | $3,336 |
| Shareholders Equity ($M) | ▲ | $625 | +63.54 | $561 |
| Tang. Book Value ($M) | ▲ | $622 | +63.54 | $559 |
| TBV excl. AOCI ($M)** | ▲ | $673 | +67.10 | $606 |
| Loan / Deposit Ratio (%) | ▼ | 102.21% | -1.74 | 103.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.31% | -0.19 | 0.50% |
| Allowance / Loans (%) | — | 1.50% | -0.03% | 1.53% |
| Net Charge-Off Ratio (%) | ▲ | 0.40% | -0.23 | 0.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($9.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 2.68% | 2.73% | 3.15% | 3.26% | 3.33% | 3.41% | 3.73% | 3.79% |
| ▁▁▂▃▃▂▇█ | Return on Assets (%) | 1.13% | 1.10% | 1.27% | 1.46% | 1.35% | 1.33% | 1.91% | 2.08% |
| ██▃▂▁▂▂▁ | Efficiency Ratio (%) | 54.6% | 54.1% | 48.3% | 46.3% | 45.3% | 46.3% | 46.4% | 44.8% |
| █▇▅▅▅▄▁▁ | Cost of Funds (%) | 2.02% | 1.96% | 1.84% | 1.82% | 1.83% | 1.75% | 1.59% | 1.56% |
| █▇█▅▃▄▃▁ | NPA / Assets (%) | 0.64% | 0.56% | 0.63% | 0.50% | 0.40% | 0.44% | 0.42% | 0.31% |
| █▆█▅▃▄▃▁ | Net Charge-Off Ratio (%) | 0.83% | 0.72% | 0.80% | 0.63% | 0.52% | 0.56% | 0.53% | 0.40% |
| ▁▁▁▂▅▆▆█ | Tang. Book Value ($M) | $539 | $539 | $541 | $559 | $582 | $600 | $595 | $622 |
| ▁▁▂▄▅▆▆█ | Gross Loans ($M) | $3,429 | $3,442 | $3,474 | $3,522 | $3,560 | $3,573 | $3,584 | $3,658 |
| ▂▁▅▁▂▂█▆ | Total Deposits ($M) | $3,378 | $3,348 | $3,481 | $3,336 | $3,381 | $3,371 | $3,609 | $3,525 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 8% |
| Agricultural | 3% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 8% |