Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.01 | 1.08% |
| Return on Equity (%) | ▼ | 11.27% | -0.40 | 11.67% |
| Net Interest Margin (%) | ▲ | 4.09% | +0.47 | 3.62% |
| Efficiency Ratio (%) | ▲ | 62.19% | -3.80 | 65.99% |
| Pre-Provision Profit ($M) | ▲ | $22 | +6.01 | $16 |
| Cost of Funds (%) | ▲ | 1.70% | -0.30 | 2.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,923 | +322.07 | $4,601 |
| Gross Loans ($M) | ▲ | $4,082 | +307.71 | $3,774 |
| Loan Growth YoY (%) | ▲ | 92.76% | +1.74 | 91.02% |
| Total Deposits ($M) | ▲ | $4,349 | +246.64 | $4,103 |
| Shareholders Equity ($M) | ▲ | $481 | +43.77 | $437 |
| Tang. Book Value ($M) | ▲ | $467 | +43.66 | $423 |
| TBV excl. AOCI ($M)** | ▲ | $496 | +44.57 | $451 |
| Loan / Deposit Ratio (%) | ▲ | 92.76% | +1.74 | 91.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.26% | +0.18 | 1.08% |
| Allowance / Loans (%) | — | 1.17% | 0.11% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 1.52% | +0.20 | 1.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.27% | +0.06 | 11.21% |
Noninterest income ($9.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▄▅██ | Net Interest Margin (%) | 3.21% | 3.25% | 3.56% | 3.62% | 3.63% | 3.70% | 4.11% | 4.09% |
| ▁▂██▇▇██ | Return on Assets (%) | 0.61% | 0.70% | 1.14% | 1.08% | 1.06% | 1.01% | 1.13% | 1.09% |
| █▇▂▃▃▃▁▁ | Efficiency Ratio (%) | 76.6% | 74.4% | 65.6% | 66.0% | 65.9% | 66.8% | 63.4% | 62.2% |
| █▇▅▄▅▃▁▁ | Cost of Funds (%) | 2.31% | 2.18% | 2.03% | 2.00% | 2.00% | 1.88% | 1.69% | 1.70% |
| ▁▁▅▇█▇▅█ | NPA / Assets (%) | 0.42% | 0.41% | 0.84% | 1.08% | 1.17% | 1.06% | 0.87% | 1.26% |
| ▁▁▅▇█▇▅█ | Net Charge-Off Ratio (%) | 0.52% | 0.50% | 1.07% | 1.32% | 1.44% | 1.29% | 1.06% | 1.52% |
| ▁▁▂▄▅▇▇█ | Tang. Book Value ($M) | $390 | $391 | $407 | $423 | $435 | $448 | $456 | $467 |
| ▁▂▂▄▅▇▇█ | Gross Loans ($M) | $3,512 | $3,619 | $3,623 | $3,774 | $3,868 | $3,968 | $3,968 | $4,082 |
| ▁▁▅▄████ | Total Deposits ($M) | $3,881 | $3,939 | $4,138 | $4,103 | $4,296 | $4,321 | $4,352 | $4,349 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 56% |
| C&I / Commercial | 26% |
| Agricultural | 13% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |