Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.41% | +0.15 | 1.26% |
| Return on Equity (%) | ▲ | 13.89% | +1.12 | 12.77% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.02 | 3.78% |
| Efficiency Ratio (%) | ▲ | 58.08% | -0.26 | 58.35% |
| Pre-Provision Profit ($M) | ▲ | $20 | +3.03 | $17 |
| Cost of Funds (%) | ▲ | 2.36% | -0.30 | 2.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,410 | +405.81 | $4,005 |
| Gross Loans ($M) | ▲ | $3,586 | +320.32 | $3,265 |
| Loan Growth YoY (%) | ▲ | 98.68% | +1.14 | 97.54% |
| Total Deposits ($M) | ▲ | $3,596 | +285.88 | $3,310 |
| Shareholders Equity ($M) | ▲ | $449 | +51.20 | $397 |
| Tang. Book Value ($M) | ▲ | $437 | +51.31 | $385 |
| TBV excl. AOCI ($M)** | ▲ | $457 | +52.63 | $405 |
| Loan / Deposit Ratio (%) | ▲ | 98.68% | +1.14 | 97.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.86% | +0.15 | 0.72% |
| Allowance / Loans (%) | — | 1.04% | -0.09% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 1.06% | +0.18 | 0.88% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.17% | +0.05 | 11.12% |
Noninterest income ($8.95M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▇▆▆██▁█ | Net Interest Margin (%) | 3.76% | 3.79% | 3.78% | 3.78% | 3.81% | 3.80% | 3.73% | 3.80% |
| ▁▄▂▁▆▆▃█ | Return on Assets (%) | 1.25% | 1.32% | 1.27% | 1.26% | 1.36% | 1.36% | 1.29% | 1.41% |
| █▅▃▅▁▁▅▄ | Efficiency Ratio (%) | 59.4% | 58.3% | 57.8% | 58.3% | 57.3% | 57.0% | 58.4% | 58.1% |
| █▅▃▅▆▅▁▁ | Cost of Funds (%) | 2.94% | 2.71% | 2.57% | 2.66% | 2.77% | 2.66% | 2.36% | 2.36% |
| ▁▄▂▃▁█▇▅ | NPA / Assets (%) | 0.52% | 0.74% | 0.61% | 0.72% | 0.58% | 1.07% | 0.94% | 0.86% |
| ▁▄▂▃▁█▇▆ | Net Charge-Off Ratio (%) | 0.63% | 0.91% | 0.75% | 0.88% | 0.70% | 1.29% | 1.15% | 1.06% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $350 | $368 | $377 | $385 | $399 | $411 | $419 | $437 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $3,058 | $3,127 | $3,195 | $3,265 | $3,348 | $3,392 | $3,523 | $3,586 |
| ▁▂▄▅▅▆██ | Total Deposits ($M) | $2,977 | $3,113 | $3,246 | $3,310 | $3,335 | $3,382 | $3,572 | $3,596 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 59% |
| C&I / Commercial | 36% |
| Agricultural | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 29% |