Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.40% | +0.24 | 1.16% |
| Return on Equity (%) | ▲ | 10.14% | +1.65 | 8.49% |
| Net Interest Margin (%) | ▲ | 4.16% | +0.26 | 3.90% |
| Efficiency Ratio (%) | ▲ | 54.38% | -3.19 | 57.57% |
| Pre-Provision Profit ($M) | ▲ | $50 | +5.52 | $45 |
| Cost of Funds (%) | ▲ | 1.07% | -0.06 | 1.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,929 | +6.95 | $9,922 |
| Gross Loans ($M) | ▲ | $7,313 | +352.40 | $6,961 |
| Loan Growth YoY (%) | ▲ | 85.79% | +4.26 | 81.53% |
| Total Deposits ($M) | ▼ | $8,373 | -11.87 | $8,385 |
| Shareholders Equity ($M) | ▲ | $1,380 | +21.58 | $1,358 |
| Tang. Book Value ($M) | ▲ | $1,065 | +23.67 | $1,042 |
| TBV excl. AOCI ($M)** | ▲ | $1,154 | +16.64 | $1,138 |
| Loan / Deposit Ratio (%) | ▲ | 85.79% | +4.26 | 81.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.76% | +0.08 | 0.68% |
| Allowance / Loans (%) | — | 1.78% | -0.01% | 1.79% |
| Net Charge-Off Ratio (%) | ▼ | 0.94% | +0.01 | 0.93% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.69% | -0.57 | 14.26% |
Noninterest income ($18.26M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▇█ | Net Interest Margin (%) | 3.79% | 3.83% | 3.84% | 3.90% | 3.96% | 4.02% | 4.11% | 4.16% |
| ▃▃▁▁▃▄██ | Return on Assets (%) | 1.23% | 1.23% | 1.14% | 1.16% | 1.22% | 1.27% | 1.39% | 1.40% |
| ▆▆██▆▅▁▂ | Efficiency Ratio (%) | 56.6% | 56.8% | 57.9% | 57.6% | 56.7% | 55.9% | 53.6% | 54.4% |
| █▇▅▃▄▂▁▁ | Cost of Funds (%) | 1.34% | 1.28% | 1.22% | 1.13% | 1.18% | 1.11% | 1.04% | 1.07% |
| ▁▁▄▆▇▇██ | NPA / Assets (%) | 0.45% | 0.48% | 0.59% | 0.68% | 0.72% | 0.72% | 0.77% | 0.76% |
| ▁▁▅▇▇▇██ | Net Charge-Off Ratio (%) | 0.62% | 0.65% | 0.80% | 0.93% | 0.94% | 0.90% | 0.98% | 0.94% |
| ▃▁▅▆▄▆▆█ | Tang. Book Value ($M) | $1,011 | $991 | $1,031 | $1,042 | $1,021 | $1,047 | $1,044 | $1,065 |
| ▁▂▂▄▅▆▅█ | Gross Loans ($M) | $6,686 | $6,769 | $6,823 | $6,961 | $7,010 | $7,114 | $7,072 | $7,313 |
| ▁▂▄█▇▅██ | Total Deposits ($M) | $8,047 | $8,100 | $8,211 | $8,385 | $8,340 | $8,270 | $8,409 | $8,373 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 6% |