Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.07 | 1.25% |
| Return on Equity (%) | ▼ | 13.12% | -0.22 | 13.34% |
| Net Interest Margin (%) | ▲ | 3.03% | +0.06 | 2.97% |
| Efficiency Ratio (%) | ▲ | 53.38% | -0.33 | 53.71% |
| Pre-Provision Profit ($M) | ▲ | $19 | +1.44 | $18 |
| Cost of Funds (%) | ▲ | 1.86% | -0.09 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,129 | +248.42 | $3,881 |
| Gross Loans ($M) | ▲ | $2,672 | +202.98 | $2,469 |
| Loan Growth YoY (%) | ▼ | 73.51% | -0.91 | 74.43% |
| Total Deposits ($M) | ▲ | $3,588 | +315.23 | $3,273 |
| Shareholders Equity ($M) | ▲ | $428 | +49.12 | $379 |
| Tang. Book Value ($M) | ▲ | $395 | +50.10 | $345 |
| TBV excl. AOCI ($M)** | ▲ | $440 | +48.85 | $391 |
| Loan / Deposit Ratio (%) | ▼ | 73.51% | -0.91 | 74.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.09 | 0.17% |
| Allowance / Loans (%) | — | 1.26% | -0.06% | 1.32% |
| Net Charge-Off Ratio (%) | ▼ | 0.31% | +0.16 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.70% | +0.45 | 13.25% |
Noninterest income ($7.76M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▅▁▆▆▇▂█ | Net Interest Margin (%) | 2.98% | 2.96% | 2.86% | 2.97% | 2.98% | 3.00% | 2.90% | 3.03% |
| ▁▁▁▆▇▇▅█ | Return on Assets (%) | 1.09% | 1.10% | 1.09% | 1.25% | 1.27% | 1.27% | 1.22% | 1.32% |
| ▇▆█▁▄▂█▁ | Efficiency Ratio (%) | 56.1% | 55.7% | 56.5% | 53.7% | 54.6% | 53.9% | 56.5% | 53.4% |
| █▇▆▇▇▆▁▂ | Cost of Funds (%) | 1.98% | 1.96% | 1.94% | 1.95% | 1.95% | 1.93% | 1.84% | 1.86% |
| ▆▁▆▁▃▁▄█ | NPA / Assets (%) | 0.23% | 0.18% | 0.23% | 0.17% | 0.20% | 0.18% | 0.21% | 0.26% |
| ▄▁▅▁▄▂▅█ | Net Charge-Off Ratio (%) | 0.23% | 0.15% | 0.23% | 0.15% | 0.21% | 0.18% | 0.23% | 0.31% |
| ▁▁▂▄▆▆▇█ | Tang. Book Value ($M) | $314 | $315 | $328 | $345 | $365 | $369 | $377 | $395 |
| ▁▃▄▄▆▇▆█ | Gross Loans ($M) | $2,305 | $2,434 | $2,451 | $2,469 | $2,557 | $2,605 | $2,577 | $2,672 |
| ▁▄▄▃▄▆██ | Total Deposits ($M) | $3,101 | $3,296 | $3,317 | $3,273 | $3,331 | $3,437 | $3,532 | $3,588 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 15% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 9% |