Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.82% | +0.08 | 1.75% |
| Return on Equity (%) | ▼ | 14.93% | -0.16 | 15.09% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.11 | 3.72% |
| Efficiency Ratio (%) | ▲ | 48.77% | -2.32 | 51.09% |
| Pre-Provision Profit ($M) | ▲ | $28 | +4.07 | $24 |
| Cost of Funds (%) | ▲ | 1.50% | -0.06 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,506 | +261.22 | $4,245 |
| Gross Loans ($M) | ▲ | $3,452 | +233.79 | $3,219 |
| Loan Growth YoY (%) | ▲ | 90.40% | +1.02 | 89.37% |
| Total Deposits ($M) | ▲ | $3,778 | +211.16 | $3,567 |
| Shareholders Equity ($M) | ▲ | $562 | +63.93 | $498 |
| Tang. Book Value ($M) | ▲ | $485 | +64.75 | $420 |
| TBV excl. AOCI ($M)** | ▲ | $512 | +63.68 | $448 |
| Loan / Deposit Ratio (%) | ▲ | 90.40% | +1.02 | 89.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.87% | +0.47 | 0.41% |
| Allowance / Loans (%) | — | 1.07% | 0.12% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 1.07% | +0.56 | 0.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.35% | +0.59 | 13.75% |
Noninterest income ($15.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆██▆█ | Net Interest Margin (%) | 3.47% | 3.51% | 3.59% | 3.72% | 3.79% | 3.83% | 3.73% | 3.83% |
| ▁▁▆▆▇▆▆█ | Return on Assets (%) | 1.55% | 1.58% | 1.72% | 1.75% | 1.76% | 1.74% | 1.73% | 1.82% |
| ██▃▃▃▃▁▁ | Efficiency Ratio (%) | 55.1% | 54.4% | 50.6% | 51.1% | 51.1% | 51.0% | 49.0% | 48.8% |
| █▅▅▃▅▂▂▁ | Cost of Funds (%) | 1.70% | 1.62% | 1.62% | 1.57% | 1.61% | 1.55% | 1.53% | 1.50% |
| ▁▁▁▂▃▃██ | NPA / Assets (%) | 0.35% | 0.32% | 0.31% | 0.41% | 0.47% | 0.45% | 0.81% | 0.87% |
| ▁▁▁▃▃▃██ | Net Charge-Off Ratio (%) | 0.36% | 0.31% | 0.39% | 0.51% | 0.58% | 0.58% | 1.03% | 1.07% |
| ▁▁▁▂▅▇▆█ | Tang. Book Value ($M) | $400 | $404 | $407 | $420 | $443 | $465 | $464 | $485 |
| ▁▂▃▄▆▇██ | Gross Loans ($M) | $3,026 | $3,124 | $3,153 | $3,219 | $3,309 | $3,359 | $3,417 | $3,452 |
| ▁▄▄▄▅███ | Total Deposits ($M) | $3,383 | $3,554 | $3,550 | $3,567 | $3,601 | $3,750 | $3,789 | $3,778 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 9% |