Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +0.07 | 1.01% |
| Return on Equity (%) | ▼ | 9.90% | -0.32 | 10.22% |
| Net Interest Margin (%) | ▲ | 3.57% | +0.45 | 3.12% |
| Efficiency Ratio (%) | ▲ | 63.89% | -1.39 | 65.28% |
| Pre-Provision Profit ($M) | ▲ | $16 | +5.11 | $11 |
| Cost of Funds (%) | ▲ | 1.66% | -0.08 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,613 | +510.92 | $3,102 |
| Gross Loans ($M) | ▲ | $2,489 | +473.31 | $2,016 |
| Loan Growth YoY (%) | ▲ | 81.99% | +4.94 | 77.05% |
| Total Deposits ($M) | ▲ | $3,009 | +417.49 | $2,591 |
| Shareholders Equity ($M) | ▲ | $404 | +92.23 | $312 |
| Tang. Book Value ($M) | ▲ | $330 | +76.50 | $254 |
| TBV excl. AOCI ($M)** | ▲ | $367 | +74.15 | $293 |
| Loan / Deposit Ratio (%) | ▲ | 81.99% | +4.94 | 77.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.58% | +0.21 | 0.37% |
| Allowance / Loans (%) | — | 0.89% | -0.06% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 0.76% | +0.23 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.55% | +0.32 | 13.23% |
Noninterest income ($12.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▄██ | Net Interest Margin (%) | 2.78% | 2.84% | 3.01% | 3.12% | 3.16% | 3.18% | 3.50% | 3.57% |
| ▁▂▃▆▄▄▄█ | Return on Assets (%) | 0.81% | 0.86% | 0.91% | 1.01% | 0.93% | 0.92% | 0.94% | 1.08% |
| █▇▃▃▆▆▆▁ | Efficiency Ratio (%) | 68.9% | 68.0% | 65.2% | 65.3% | 67.3% | 67.4% | 67.0% | 63.9% |
| █▇▄▅▄▁▂▃ | Cost of Funds (%) | 1.97% | 1.88% | 1.73% | 1.74% | 1.69% | 1.50% | 1.60% | 1.66% |
| ▂▁▂▁▄█▅▆ | NPA / Assets (%) | 0.41% | 0.36% | 0.41% | 0.37% | 0.48% | 0.66% | 0.53% | 0.58% |
| ▃▁▃▁▄█▄▅ | Net Charge-Off Ratio (%) | 0.64% | 0.57% | 0.64% | 0.53% | 0.70% | 0.95% | 0.73% | 0.76% |
| ▁▁▂▁▂███ | Tang. Book Value ($M) | $243 | $247 | $259 | $254 | $264 | $322 | $332 | $330 |
| ▁▁▁▂▃███ | Gross Loans ($M) | $1,914 | $1,883 | $1,946 | $2,016 | $2,056 | $2,460 | $2,430 | $2,489 |
| ▁▁▂▁▁██▇ | Total Deposits ($M) | $2,559 | $2,597 | $2,649 | $2,591 | $2,618 | $3,098 | $3,074 | $3,009 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 13% |