Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.22 | 1.25% |
| Return on Equity (%) | ▲ | 12.68% | +1.12 | 11.56% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.27 | 3.54% |
| Efficiency Ratio (%) | ▲ | 64.33% | -2.99 | 67.32% |
| Pre-Provision Profit ($M) | ▲ | $15 | +3.04 | $12 |
| Cost of Funds (%) | ▲ | 0.89% | -0.20 | 1.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,985 | +12.02 | $3,973 |
| Gross Loans ($M) | ▼ | $2,287 | -22.29 | $2,309 |
| Loan Growth YoY (%) | ▼ | 64.90% | -0.29 | 65.19% |
| Total Deposits ($M) | ▼ | $3,485 | -16.26 | $3,502 |
| Shareholders Equity ($M) | ▲ | $473 | +35.00 | $438 |
| Tang. Book Value ($M) | ▲ | $395 | +36.36 | $358 |
| TBV excl. AOCI ($M)** | ▲ | $458 | +38.86 | $419 |
| Loan / Deposit Ratio (%) | ▼ | 64.90% | -0.29 | 65.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.55% | +0.16 | 0.39% |
| Allowance / Loans (%) | — | 1.08% | -0.05% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 0.94% | +0.28 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.30% | +0.90 | 15.40% |
Noninterest income ($6.79M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▆▆▆▇█ | Net Interest Margin (%) | 3.03% | 3.17% | 3.50% | 3.54% | 3.60% | 3.62% | 3.72% | 3.82% |
| ▁▂▅▅▆▆▇█ | Return on Assets (%) | 1.01% | 1.09% | 1.24% | 1.25% | 1.31% | 1.32% | 1.40% | 1.47% |
| █▇▅▅▄▄▂▁ | Efficiency Ratio (%) | 69.5% | 68.3% | 67.3% | 67.3% | 66.5% | 66.3% | 65.2% | 64.3% |
| █▇▄▄▅▁▁▁ | Cost of Funds (%) | 1.34% | 1.28% | 1.09% | 1.09% | 1.13% | 0.94% | 0.88% | 0.89% |
| ▁▁▃▃▂██▆ | NPA / Assets (%) | 0.27% | 0.27% | 0.40% | 0.39% | 0.37% | 0.66% | 0.71% | 0.55% |
| ▁▁▃▃▂▇█▅ | Net Charge-Off Ratio (%) | 0.49% | 0.45% | 0.67% | 0.66% | 0.61% | 1.16% | 1.28% | 0.94% |
| ▃▁▄▄▆▇██ | Tang. Book Value ($M) | $343 | $323 | $350 | $358 | $370 | $385 | $390 | $395 |
| ▇▆▆█▇▄▁▇ | Gross Loans ($M) | $2,287 | $2,270 | $2,271 | $2,309 | $2,292 | $2,251 | $2,205 | $2,287 |
| ▁▃▃▆▂██▅ | Total Deposits ($M) | $3,369 | $3,438 | $3,435 | $3,502 | $3,410 | $3,566 | $3,577 | $3,485 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 56% |
| C&I / Commercial | 4% |
| Agricultural | 3% |
| Consumer | 8% |
| Other | 29% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 4% |