Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.43% | -0.21 | 1.65% |
| Return on Equity (%) | ▼ | 11.16% | -2.00 | 13.16% |
| Net Interest Margin (%) | ▲ | 4.41% | +0.17 | 4.25% |
| Efficiency Ratio (%) | ▼ | 58.17% | +7.65 | 50.51% |
| Pre-Provision Profit ($M) | ▲ | $41 | +12.02 | $29 |
| Cost of Funds (%) | ▼ | 1.04% | +0.01 | 1.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,722 | +1705.80 | $5,016 |
| Gross Loans ($M) | ▲ | $4,756 | +1405.75 | $3,351 |
| Loan Growth YoY (%) | ▲ | 81.25% | +5.05 | 76.21% |
| Total Deposits ($M) | ▲ | $5,779 | +1437.21 | $4,342 |
| Shareholders Equity ($M) | ▲ | $877 | +240.71 | $637 |
| Tang. Book Value ($M) | ▲ | $733 | +190.60 | $543 |
| TBV excl. AOCI ($M)** | ▲ | $810 | +204.29 | $606 |
| Loan / Deposit Ratio (%) | ▲ | 81.25% | +5.05 | 76.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.02 | 0.13% |
| Allowance / Loans (%) | — | 1.27% | 0.03% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.02 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.75% | -0.99 | 15.74% |
Noninterest income ($11.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅▁█ | Net Interest Margin (%) | 4.11% | 4.11% | 4.19% | 4.25% | 4.27% | 4.27% | 4.12% | 4.41% |
| ▆▇████▁▅ | Return on Assets (%) | 1.50% | 1.57% | 1.62% | 1.65% | 1.68% | 1.67% | 1.08% | 1.43% |
| ▁▁▁▁▁▁█▄ | Efficiency Ratio (%) | 50.8% | 50.1% | 51.0% | 50.5% | 50.1% | 50.1% | 70.2% | 58.2% |
| █▇▅▅▅▅▁▅ | Cost of Funds (%) | 1.19% | 1.11% | 1.03% | 1.03% | 1.04% | 1.02% | 0.85% | 1.04% |
| ▅▅▁▂▅▅█▄ | NPA / Assets (%) | 0.17% | 0.16% | 0.11% | 0.13% | 0.17% | 0.17% | 0.21% | 0.15% |
| ▆▅▁▂▅▅█▃ | Net Charge-Off Ratio (%) | 0.24% | 0.22% | 0.15% | 0.17% | 0.22% | 0.22% | 0.28% | 0.19% |
| ▁▁▂▁▂▂▇█ | Tang. Book Value ($M) | $517 | $522 | $545 | $543 | $546 | $562 | $706 | $733 |
| ▁▁▁▁▁▁██ | Gross Loans ($M) | $3,373 | $3,468 | $3,464 | $3,351 | $3,401 | $3,457 | $4,690 | $4,756 |
| ▁▁▁▁▁▁██ | Total Deposits ($M) | $4,299 | $4,334 | $4,399 | $4,342 | $4,358 | $4,371 | $5,832 | $5,779 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 11% |
| Agricultural | 4% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 6% |