Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.40% | +0.45 | 0.95% |
| Return on Equity (%) | ▲ | 17.13% | +4.25 | 12.88% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.53 | 3.17% |
| Efficiency Ratio (%) | ▲ | 52.63% | -7.47 | 60.10% |
| Pre-Provision Profit ($M) | ▲ | $27 | +7.44 | $19 |
| Cost of Funds (%) | ▲ | 0.92% | -0.25 | 1.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,304 | +361.19 | $4,943 |
| Gross Loans ($M) | ▲ | $3,604 | +280.46 | $3,324 |
| Loan Growth YoY (%) | ▲ | 73.87% | +0.42 | 73.45% |
| Total Deposits ($M) | ▲ | $4,828 | +350.03 | $4,478 |
| Shareholders Equity ($M) | ▲ | $434 | +41.84 | $392 |
| Tang. Book Value ($M) | ▲ | $399 | +40.65 | $358 |
| TBV excl. AOCI ($M)** | ▲ | $464 | +42.20 | $422 |
| Loan / Deposit Ratio (%) | ▲ | 73.87% | +0.42 | 73.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.00 | 0.10% |
| Allowance / Loans (%) | — | 1.05% | 0.01% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.02 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.68% | -0.60 | 13.28% |
Noninterest income ($8.50M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅██ | Net Interest Margin (%) | 2.69% | 2.74% | 3.04% | 3.17% | 3.24% | 3.33% | 3.67% | 3.70% |
| ▆█▁▅▄▇▄█ | Return on Assets (%) | 1.13% | 1.30% | 0.47% | 0.95% | 0.87% | 1.19% | 0.89% | 1.40% |
| ██▆▅▄▃▁▁ | Efficiency Ratio (%) | 66.6% | 65.2% | 62.0% | 60.1% | 58.2% | 56.6% | 53.2% | 52.6% |
| █▇▆▄▄▃▁▁ | Cost of Funds (%) | 1.48% | 1.40% | 1.28% | 1.17% | 1.16% | 1.06% | 0.95% | 0.92% |
| █▇▆▃▃▁▁▃ | NPA / Assets (%) | 0.13% | 0.12% | 0.11% | 0.10% | 0.10% | 0.08% | 0.08% | 0.09% |
| █▇▆▃▃▁▁▁ | Net Charge-Off Ratio (%) | 0.20% | 0.18% | 0.17% | 0.14% | 0.15% | 0.13% | 0.12% | 0.12% |
| ▂▁▃▅▇███ | Tang. Book Value ($M) | $327 | $305 | $331 | $358 | $386 | $390 | $397 | $399 |
| ▁▂▁▃▄▅▆█ | Gross Loans ($M) | $3,205 | $3,261 | $3,231 | $3,324 | $3,362 | $3,428 | $3,477 | $3,604 |
| ▁▂▂▂▆▆▇█ | Total Deposits ($M) | $4,385 | $4,460 | $4,471 | $4,478 | $4,663 | $4,695 | $4,773 | $4,828 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 7% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 6% |