Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.33% | +0.11 | 1.22% |
| Return on Equity (%) | ▲ | 11.30% | +0.93 | 10.37% |
| Net Interest Margin (%) | ▼ | 3.69% | -0.10 | 3.79% |
| Efficiency Ratio (%) | ▲ | 54.86% | -2.14 | 56.99% |
| Pre-Provision Profit ($M) | ▼ | $17 | -0.01 | $17 |
| Cost of Funds (%) | ▲ | 1.02% | -0.14 | 1.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $3,718 | -47.66 | $3,766 |
| Gross Loans ($M) | ▲ | $2,456 | +21.45 | $2,435 |
| Loan Growth YoY (%) | ▲ | 82.87% | +1.98 | 80.89% |
| Total Deposits ($M) | ▼ | $2,935 | -47.68 | $2,983 |
| Shareholders Equity ($M) | ▲ | $447 | +16.82 | $430 |
| Tang. Book Value ($M) | ▲ | $420 | +17.11 | $403 |
| TBV excl. AOCI ($M)** | ▲ | $464 | +13.48 | $451 |
| Loan / Deposit Ratio (%) | ▲ | 82.87% | +1.98 | 80.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.28% | -0.11 | 0.40% |
| Allowance / Loans (%) | — | 0.96% | 0.07% | 0.89% |
| Net Charge-Off Ratio (%) | ▲ | 0.43% | -0.19 | 0.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($8.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▇▆██▁▁ | Net Interest Margin (%) | 3.73% | 3.75% | 3.80% | 3.79% | 3.84% | 3.83% | 3.66% | 3.69% |
| ▃▄▁▂▂▄█▅ | Return on Assets (%) | 1.26% | 1.27% | 1.14% | 1.22% | 1.21% | 1.28% | 1.46% | 1.33% |
| ▅▆██▇▆▁▄ | Efficiency Ratio (%) | 55.7% | 55.9% | 57.5% | 57.0% | 56.4% | 56.0% | 53.0% | 54.9% |
| █▆▃▄▄▂▁▁ | Cost of Funds (%) | 1.39% | 1.29% | 1.14% | 1.17% | 1.17% | 1.07% | 1.02% | 1.02% |
| ▁█▇▄▅▄▁▁ | NPA / Assets (%) | 0.28% | 0.55% | 0.51% | 0.40% | 0.43% | 0.39% | 0.28% | 0.28% |
| ▁█▇▄▃▂▁▁ | Net Charge-Off Ratio (%) | 0.45% | 0.84% | 0.79% | 0.62% | 0.56% | 0.52% | 0.42% | 0.43% |
| ▂▁▃▃▄▇▆█ | Tang. Book Value ($M) | $400 | $396 | $405 | $403 | $408 | $415 | $412 | $420 |
| ▁▁▁▅▇█▆▅ | Gross Loans ($M) | $2,321 | $2,331 | $2,307 | $2,435 | $2,492 | $2,547 | $2,467 | $2,456 |
| █▄▁█▆▂▅▆ | Total Deposits ($M) | $2,967 | $2,905 | $2,853 | $2,983 | $2,941 | $2,883 | $2,933 | $2,935 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 5% |
| Agricultural | 2% |
| Other | 19% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 19% |