Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.24 | 1.13% |
| Return on Equity (%) | ▲ | 17.13% | +0.79 | 16.34% |
| Net Interest Margin (%) | ▲ | 3.99% | +0.49 | 3.50% |
| Efficiency Ratio (%) | ▲ | 59.07% | -6.72 | 65.79% |
| Pre-Provision Profit ($M) | ▲ | $14 | +3.61 | $10 |
| Cost of Funds (%) | ▲ | 1.81% | -0.20 | 2.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,843 | +372.11 | $2,471 |
| Gross Loans ($M) | ▲ | $2,076 | +341.83 | $1,734 |
| Loan Growth YoY (%) | ▲ | 79.33% | +4.40 | 74.92% |
| Total Deposits ($M) | ▲ | $2,589 | +298.26 | $2,291 |
| Shareholders Equity ($M) | ▲ | $233 | +67.42 | $165 |
| Tang. Book Value ($M) | ▲ | $217 | +67.64 | $149 |
| TBV excl. AOCI ($M)** | ▲ | $243 | +66.44 | $177 |
| Loan / Deposit Ratio (%) | ▲ | 79.33% | +4.40 | 74.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.01 | 0.25% |
| Allowance / Loans (%) | — | 1.06% | 0.04% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.25% | -0.07 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.89% | -0.24 | 14.14% |
Noninterest income ($5.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆▆▇██ | Net Interest Margin (%) | 2.68% | 2.79% | 3.27% | 3.50% | 3.63% | 3.70% | 3.97% | 3.99% |
| ▁▁▃▅█▇▇█ | Return on Assets (%) | 0.75% | 0.78% | 0.96% | 1.13% | 1.37% | 1.25% | 1.28% | 1.37% |
| ██▆▄▁▂▂▁ | Efficiency Ratio (%) | 74.7% | 74.5% | 69.1% | 65.8% | 61.0% | 62.4% | 61.3% | 59.1% |
| █▅▄▃▂▁▁▁ | Cost of Funds (%) | 2.35% | 2.14% | 2.06% | 2.00% | 1.91% | 1.81% | 1.83% | 1.81% |
| ▂█▁▂▂▃▂▂ | NPA / Assets (%) | 0.25% | 0.40% | 0.21% | 0.25% | 0.23% | 0.28% | 0.26% | 0.26% |
| ▄█▁▄▂▄▃▂ | Net Charge-Off Ratio (%) | 0.34% | 0.50% | 0.20% | 0.32% | 0.27% | 0.34% | 0.27% | 0.25% |
| ▃▂▁▁▄▅▇█ | Tang. Book Value ($M) | $170 | $161 | $154 | $149 | $179 | $189 | $201 | $217 |
| ▁▁▂▃▄▆██ | Gross Loans ($M) | $1,566 | $1,606 | $1,649 | $1,734 | $1,815 | $1,943 | $2,018 | $2,076 |
| ▁▂▂▂▃▅▆█ | Total Deposits ($M) | $2,227 | $2,299 | $2,289 | $2,291 | $2,318 | $2,422 | $2,458 | $2,589 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 5% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 9% |