Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.18 | 1.19% |
| Return on Equity (%) | ▲ | 13.31% | +0.35 | 12.96% |
| Net Interest Margin (%) | ▲ | 3.62% | +0.31 | 3.31% |
| Efficiency Ratio (%) | ▲ | 57.06% | -2.40 | 59.46% |
| Pre-Provision Profit ($M) | ▲ | $19 | +3.80 | $15 |
| Cost of Funds (%) | ▲ | 1.85% | -0.11 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,810 | +419.18 | $3,391 |
| Gross Loans ($M) | ▲ | $2,777 | +381.82 | $2,395 |
| Loan Growth YoY (%) | ▲ | 82.22% | +2.60 | 79.62% |
| Total Deposits ($M) | ▲ | $3,338 | +365.30 | $2,973 |
| Shareholders Equity ($M) | ▲ | $398 | +70.35 | $328 |
| Tang. Book Value ($M) | ▲ | $343 | +54.97 | $288 |
| TBV excl. AOCI ($M)** | ▲ | $384 | +56.41 | $327 |
| Loan / Deposit Ratio (%) | ▲ | 82.22% | +2.60 | 79.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.68% | -0.28 | 0.96% |
| Allowance / Loans (%) | — | 1.17% | -0.02% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 0.90% | -0.39 | 1.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.74% | +0.13 | 11.61% |
Noninterest income ($9.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▅▆▇█ | Net Interest Margin (%) | 2.97% | 3.02% | 3.16% | 3.31% | 3.36% | 3.43% | 3.53% | 3.62% |
| ▂▁▂▃▄▁▅█ | Return on Assets (%) | 1.15% | 1.09% | 1.14% | 1.19% | 1.20% | 1.12% | 1.24% | 1.37% |
| ▆▇█▅▄▄▃▁ | Efficiency Ratio (%) | 60.2% | 60.7% | 61.5% | 59.5% | 58.9% | 59.1% | 58.6% | 57.1% |
| ▆▄▂▃▃█▁▁ | Cost of Funds (%) | 2.20% | 2.04% | 1.92% | 1.96% | 1.96% | 2.34% | 1.81% | 1.85% |
| ▆▅██▇▁▁▁ | NPA / Assets (%) | 0.91% | 0.85% | 1.00% | 0.96% | 0.93% | 0.67% | 0.70% | 0.68% |
| ▄▄█▆▄▁▂▁ | Net Charge-Off Ratio (%) | 1.16% | 1.15% | 1.43% | 1.29% | 1.16% | 0.90% | 0.99% | 0.90% |
| ▁▁▂▃▅███ | Tang. Book Value ($M) | $265 | $260 | $276 | $288 | $303 | $338 | $342 | $343 |
| ▁▁▁▂▄█▇█ | Gross Loans ($M) | $2,272 | $2,325 | $2,313 | $2,395 | $2,477 | $2,740 | $2,679 | $2,777 |
| ▁▃▄▂▂███ | Total Deposits ($M) | $2,843 | $3,014 | $3,099 | $2,973 | $2,982 | $3,357 | $3,405 | $3,338 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 12% |
| Agricultural | 14% |
| Consumer | 15% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 13% |