Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.93% | -1.62 | 2.55% |
| Return on Equity (%) | ▼ | 8.10% | -16.45 | 24.55% |
| Net Interest Margin (%) | ▲ | 3.37% | +0.58 | 2.79% |
| Efficiency Ratio (%) | ▼ | 74.52% | +20.85 | 53.67% |
| Pre-Provision Profit ($M) | ▼ | $13 | -26.46 | $39 |
| Cost of Funds (%) | ▼ | 1.99% | +0.02 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,225 | +1119.50 | $3,106 |
| Gross Loans ($M) | ▲ | $3,182 | +1032.74 | $2,149 |
| Loan Growth YoY (%) | ▲ | 88.23% | +3.99 | 84.24% |
| Total Deposits ($M) | ▲ | $3,583 | +1056.36 | $2,527 |
| Shareholders Equity ($M) | ▲ | $496 | +158.85 | $337 |
| Tang. Book Value ($M) | ▲ | $378 | +84.88 | $294 |
| TBV excl. AOCI ($M)** | ▲ | $407 | +82.91 | $324 |
| Loan / Deposit Ratio (%) | ▲ | 88.23% | +3.99 | 84.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.15% | +1.00 | 0.15% |
| Allowance / Loans (%) | — | 0.65% | -0.32% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 1.53% | +1.30 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.83% | -2.11 | 12.94% |
Noninterest income ($12.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 2.51% | 2.53% | 2.64% | 2.79% | 2.92% | 3.02% | 3.11% | 3.37% |
| ▁▁▁█▆▅▂▂ | Return on Assets (%) | 0.57% | 0.59% | 0.57% | 2.55% | 2.02% | 1.65% | 0.85% | 0.93% |
| ███▁▂▃▇▆ | Efficiency Ratio (%) | 84.3% | 83.6% | 83.7% | 53.7% | 59.2% | 63.8% | 76.9% | 74.5% |
| █▇▆▃▂▁▁▄ | Cost of Funds (%) | 2.40% | 2.26% | 2.16% | 1.97% | 1.85% | 1.77% | 1.72% | 1.99% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.16% | 0.16% | 0.15% | 0.15% | 0.23% | 0.25% | 0.19% | 1.15% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.22% | 0.22% | 0.21% | 0.22% | 0.32% | 0.35% | 0.25% | 1.53% |
| ▁▁▁▃▃▃██ | Tang. Book Value ($M) | $268 | $265 | $265 | $294 | $303 | $304 | $374 | $378 |
| ▁▁▁▁▁▁██ | Gross Loans ($M) | $2,087 | $2,082 | $2,099 | $2,149 | $2,170 | $2,157 | $3,163 | $3,182 |
| ▁▁▁▁▁▁██ | Total Deposits ($M) | $2,513 | $2,580 | $2,529 | $2,527 | $2,500 | $2,503 | $3,614 | $3,583 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 33% |
| Agricultural | 2% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 21% |