Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.35% | +0.43 | 0.92% |
| Return on Equity (%) | ▲ | 13.63% | +3.34 | 10.29% |
| Net Interest Margin (%) | ▲ | 3.56% | +0.72 | 2.84% |
| Efficiency Ratio (%) | ▲ | 51.77% | -8.21 | 59.98% |
| Pre-Provision Profit ($M) | ▲ | $39 | +13.12 | $26 |
| Cost of Funds (%) | ▲ | 1.30% | -0.35 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,611 | +319.60 | $7,291 |
| Gross Loans ($M) | ▲ | $5,383 | +431.60 | $4,951 |
| Loan Growth YoY (%) | ▲ | 80.19% | +3.41 | 76.77% |
| Total Deposits ($M) | ▲ | $6,628 | +259.51 | $6,369 |
| Shareholders Equity ($M) | ▲ | $776 | +95.54 | $681 |
| Tang. Book Value ($M) | ▲ | $740 | +95.54 | $644 |
| TBV excl. AOCI ($M)** | ▲ | $827 | +81.21 | $746 |
| Loan / Deposit Ratio (%) | ▲ | 80.19% | +3.41 | 76.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.07% | +0.03 | 0.04% |
| Allowance / Loans (%) | — | 1.26% | 0.01% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.10% | +0.04 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 14.74% | 0.00 | 14.74% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅██ | Net Interest Margin (%) | 2.30% | 2.40% | 2.72% | 2.84% | 2.95% | 3.05% | 3.44% | 3.56% |
| ▁▁▂▃▄▅▇█ | Return on Assets (%) | 0.69% | 0.75% | 0.81% | 0.92% | 1.01% | 1.07% | 1.24% | 1.35% |
| █▇█▅▄▃▂▁ | Efficiency Ratio (%) | 65.0% | 62.8% | 63.4% | 60.0% | 57.8% | 56.3% | 54.2% | 51.8% |
| ██▄▄▄▂▁▁ | Cost of Funds (%) | 2.04% | 1.96% | 1.63% | 1.64% | 1.61% | 1.48% | 1.32% | 1.30% |
| ▁▁▂▂█▆▅▄ | NPA / Assets (%) | 0.01% | 0.01% | 0.04% | 0.04% | 0.18% | 0.13% | 0.10% | 0.07% |
| ▁▁▂▂█▆▄▃ | Net Charge-Off Ratio (%) | 0.02% | 0.01% | 0.05% | 0.07% | 0.26% | 0.19% | 0.14% | 0.10% |
| ▁▁▂▄▅▇▇█ | Tang. Book Value ($M) | $571 | $577 | $610 | $644 | $672 | $702 | $708 | $740 |
| ▁▁▂▄▅▇██ | Gross Loans ($M) | $4,670 | $4,734 | $4,811 | $4,951 | $5,046 | $5,233 | $5,304 | $5,383 |
| ▁▁▁▂▃█▆▆ | Total Deposits ($M) | $6,310 | $6,306 | $6,336 | $6,369 | $6,472 | $6,752 | $6,615 | $6,628 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 4% |
| Agricultural | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 8% |