Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.50% | +0.21 | 2.29% |
| Return on Equity (%) | ▲ | 11.01% | +1.74 | 9.27% |
| Net Interest Margin (%) | ▼ | 7.53% | -0.59 | 8.12% |
| Efficiency Ratio (%) | ▼ | 44.42% | +5.77 | 38.65% |
| Pre-Provision Profit ($M) | ▲ | $29 | +3.34 | $25 |
| Cost of Funds (%) | ▲ | 1.25% | -0.02 | 1.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,032 | +320.91 | $1,711 |
| Gross Loans ($M) | ▲ | $1,571 | +186.23 | $1,385 |
| Loan Growth YoY (%) | ▼ | 98.94% | -6.51 | 105.44% |
| Total Deposits ($M) | ▲ | $1,511 | +271.87 | $1,239 |
| Shareholders Equity ($M) | ▲ | $476 | +46.63 | $430 |
| Tang. Book Value ($M) | ▲ | $423 | +26.22 | $396 |
| TBV excl. AOCI ($M)** | ▲ | $436 | +29.78 | $406 |
| Loan / Deposit Ratio (%) | ▼ | 98.94% | -6.51 | 105.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.56% | -0.53 | 1.09% |
| Allowance / Loans (%) | — | 4.85% | -0.80% | 5.65% |
| Net Charge-Off Ratio (%) | ▲ | 0.69% | -0.37 | 1.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 26.19% | -2.48 | 28.67% |
Noninterest income ($16.93M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▆▅▅▁▁ | Net Interest Margin (%) | 8.37% | 8.34% | 8.08% | 8.12% | 7.95% | 7.93% | 7.44% | 7.53% |
| ▁▂▇▆▅▅██ | Return on Assets (%) | 1.82% | 1.93% | 2.34% | 2.29% | 2.23% | 2.24% | 2.51% | 2.50% |
| ▁▁▁▂▄▅██ | Efficiency Ratio (%) | 37.4% | 37.2% | 38.0% | 38.6% | 40.2% | 41.3% | 44.1% | 44.4% |
| █▆▂▁▄▆▁▁ | Cost of Funds (%) | 1.45% | 1.38% | 1.28% | 1.28% | 1.34% | 1.38% | 1.26% | 1.25% |
| ███▆▄▂▁▁ | NPA / Assets (%) | 1.28% | 1.25% | 1.30% | 1.09% | 0.93% | 0.74% | 0.65% | 0.56% |
| ███▅▄▄▂▁ | Net Charge-Off Ratio (%) | 1.29% | 1.27% | 1.34% | 1.05% | 0.94% | 0.96% | 0.82% | 0.69% |
| ▁▁▃▄▄▅▇█ | Tang. Book Value ($M) | $372 | $377 | $388 | $396 | $392 | $400 | $412 | $423 |
| ▁▁▁▂▇▇▇█ | Gross Loans ($M) | $1,329 | $1,346 | $1,357 | $1,385 | $1,520 | $1,524 | $1,536 | $1,571 |
| ▁▁▁▁███▇ | Total Deposits ($M) | $1,207 | $1,235 | $1,243 | $1,239 | $1,542 | $1,571 | $1,535 | $1,511 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 11% |
| Agricultural | 6% |
| Consumer | 12% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 7% |