Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.76% | +0.60 | 1.17% |
| Return on Equity (%) | ▲ | 13.05% | +3.24 | 9.81% |
| Net Interest Margin (%) | ▲ | 4.29% | +0.46 | 3.83% |
| Efficiency Ratio (%) | ▲ | 48.48% | -4.78 | 53.26% |
| Pre-Provision Profit ($M) | ▲ | $51 | +7.97 | $43 |
| Cost of Funds (%) | ▲ | 1.25% | -0.28 | 1.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,427 | +163.01 | $8,264 |
| Gross Loans ($M) | ▲ | $5,938 | +184.77 | $5,753 |
| Loan Growth YoY (%) | ▲ | 82.95% | +2.24 | 80.72% |
| Total Deposits ($M) | ▲ | $7,063 | +28.54 | $7,034 |
| Shareholders Equity ($M) | ▲ | $1,158 | +89.40 | $1,069 |
| Tang. Book Value ($M) | ▲ | $749 | +101.42 | $648 |
| TBV excl. AOCI ($M)** | ▲ | $833 | +107.04 | $726 |
| Loan / Deposit Ratio (%) | ▲ | 82.95% | +2.24 | 80.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.32% | +0.01 | 0.30% |
| Allowance / Loans (%) | — | 1.34% | 0.02% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 0.45% | +0.02 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.31% | +0.29 | 13.02% |
Noninterest income ($18.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆██ | Net Interest Margin (%) | 3.42% | 3.48% | 3.62% | 3.83% | 3.94% | 4.02% | 4.24% | 4.29% |
| ▆▆▁▄▅▆██ | Return on Assets (%) | 1.42% | 1.47% | 0.73% | 1.17% | 1.35% | 1.46% | 1.65% | 1.76% |
| ▁▁█▅▄▃▃▂ | Efficiency Ratio (%) | 46.9% | 47.9% | 57.1% | 53.3% | 51.6% | 50.6% | 50.3% | 48.5% |
| ██▃█▆▄▁▁ | Cost of Funds (%) | 1.56% | 1.53% | 1.33% | 1.53% | 1.45% | 1.39% | 1.25% | 1.25% |
| ▁▁▃▇▆██▇ | NPA / Assets (%) | 0.16% | 0.18% | 0.22% | 0.30% | 0.28% | 0.35% | 0.35% | 0.32% |
| ▁▁▃▆▆██▇ | Net Charge-Off Ratio (%) | 0.24% | 0.27% | 0.33% | 0.44% | 0.41% | 0.50% | 0.50% | 0.45% |
| ▂▁▄▅▇▇▇█ | Tang. Book Value ($M) | $531 | $492 | $611 | $648 | $689 | $706 | $713 | $749 |
| ▁▁▇█████ | Gross Loans ($M) | $4,070 | $4,133 | $5,653 | $5,753 | $5,789 | $5,883 | $5,865 | $5,938 |
| ▁▁██████ | Total Deposits ($M) | $5,357 | $5,427 | $7,193 | $7,034 | $7,085 | $7,048 | $7,045 | $7,063 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 11% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 7% |