Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.83% | +0.26 | 1.57% |
| Return on Equity (%) | ▲ | 18.63% | +2.12 | 16.51% |
| Net Interest Margin (%) | ▲ | 4.16% | +0.28 | 3.89% |
| Efficiency Ratio (%) | ▲ | 39.98% | -4.88 | 44.86% |
| Pre-Provision Profit ($M) | ▲ | $33 | +9.53 | $23 |
| Cost of Funds (%) | ▲ | 2.00% | -0.36 | 2.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,276 | +266.28 | $4,010 |
| Gross Loans ($M) | ▲ | $3,635 | +209.37 | $3,425 |
| Loan Growth YoY (%) | ▼ | 93.94% | -0.75 | 94.69% |
| Total Deposits ($M) | ▲ | $3,817 | +244.51 | $3,573 |
| Shareholders Equity ($M) | ▲ | $423 | +38.56 | $384 |
| Tang. Book Value ($M) | ▲ | $415 | +40.11 | $375 |
| TBV excl. AOCI ($M)** | ▲ | $419 | +40.05 | $378 |
| Loan / Deposit Ratio (%) | ▼ | 93.94% | -0.75 | 94.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.24% | -0.24 | 0.48% |
| Allowance / Loans (%) | — | 1.35% | 0.10% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.28% | -0.28 | 0.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.58% | +0.36 | 12.22% |
Noninterest income ($10.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▆▇█ | Net Interest Margin (%) | 3.68% | 3.73% | 3.87% | 3.89% | 3.95% | 3.99% | 4.10% | 4.16% |
| ▁▂▁▁▂▃▅█ | Return on Assets (%) | 1.54% | 1.58% | 1.57% | 1.57% | 1.60% | 1.62% | 1.70% | 1.83% |
| ██▅▄▅▄▂▁ | Efficiency Ratio (%) | 50.0% | 49.2% | 45.2% | 44.9% | 45.0% | 44.3% | 42.4% | 40.0% |
| █▆▄▄▄▃▁▁ | Cost of Funds (%) | 2.73% | 2.48% | 2.32% | 2.35% | 2.36% | 2.20% | 2.04% | 2.00% |
| ▂▂▃█▃▃▁▁ | NPA / Assets (%) | 0.29% | 0.28% | 0.32% | 0.48% | 0.33% | 0.31% | 0.26% | 0.24% |
| ▂▂▃█▄▃▁▁ | Net Charge-Off Ratio (%) | 0.32% | 0.33% | 0.38% | 0.56% | 0.39% | 0.37% | 0.30% | 0.28% |
| ▁▁▃▄▅▆██ | Tang. Book Value ($M) | $347 | $355 | $365 | $375 | $386 | $398 | $407 | $415 |
| ▁▂▃▅▆▅▇█ | Gross Loans ($M) | $3,174 | $3,238 | $3,298 | $3,425 | $3,464 | $3,452 | $3,561 | $3,635 |
| ▁▃▄▅▆█▇█ | Total Deposits ($M) | $3,256 | $3,402 | $3,494 | $3,573 | $3,658 | $3,761 | $3,691 | $3,817 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 6% |
| Agricultural | 8% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 7% |