Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.63% | +0.35 | 0.28% |
| Return on Equity (%) | ▲ | 4.16% | +2.42 | 1.74% |
| Net Interest Margin (%) | ▼ | 6.25% | -0.30 | 6.55% |
| Efficiency Ratio (%) | ▲ | 84.27% | -6.51 | 90.78% |
| Pre-Provision Profit ($M) | ▲ | $21 | +11.50 | $10 |
| Cost of Funds (%) | ▼ | 1.30% | +0.14 | 1.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,399 | +905.16 | $6,494 |
| Gross Loans ($M) | ▲ | $5,478 | +519.26 | $4,959 |
| Loan Growth YoY (%) | ▼ | 87.36% | -7.23 | 94.59% |
| Total Deposits ($M) | ▲ | $6,231 | +1029.31 | $5,202 |
| Shareholders Equity ($M) | ▲ | $1,056 | +51.14 | $1,005 |
| Tang. Book Value ($M) | ▲ | $658 | +62.08 | $596 |
| TBV excl. AOCI ($M)** | ▲ | $672 | +55.87 | $616 |
| Loan / Deposit Ratio (%) | ▼ | 87.36% | -7.23 | 94.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.22% | -0.02 | 1.25% |
| Allowance / Loans (%) | — | 0.63% | -0.15% | 0.78% |
| Net Charge-Off Ratio (%) | ▼ | 1.65% | +0.06 | 1.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.36% | +0.46 | 10.90% |
Noninterest income ($21.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▃▃▄▄▁▂ | Net Interest Margin (%) | 7.34% | 7.27% | 6.47% | 6.55% | 6.57% | 6.60% | 6.09% | 6.25% |
| ▆▆▁▃▂▇▇█ | Return on Assets (%) | 0.48% | 0.47% | 0.14% | 0.28% | 0.26% | 0.53% | 0.52% | 0.63% |
| ▁▁█▆▆▃▄▁ | Efficiency Ratio (%) | 84.9% | 84.8% | 93.7% | 90.8% | 90.5% | 86.7% | 88.4% | 84.3% |
| ▆▄▃▆▇▆▁█ | Cost of Funds (%) | 1.16% | 1.04% | 1.04% | 1.16% | 1.22% | 1.17% | 0.88% | 1.30% |
| ██▅▂▁▁▄▂ | NPA / Assets (%) | 1.98% | 1.93% | 1.57% | 1.25% | 1.07% | 1.08% | 1.48% | 1.22% |
| ██▅▃▁▁▄▃ | Net Charge-Off Ratio (%) | 2.67% | 2.52% | 2.11% | 1.59% | 1.36% | 1.18% | 1.77% | 1.65% |
| █▇█▁▁▃▃▄ | Tang. Book Value ($M) | $751 | $729 | $736 | $596 | $607 | $635 | $639 | $658 |
| ▁▂▃▅▅▅▆█ | Gross Loans ($M) | $4,333 | $4,548 | $4,669 | $4,959 | $4,997 | $4,992 | $5,192 | $5,478 |
| ▁▁▂▃▂▂▆█ | Total Deposits ($M) | $4,740 | $4,834 | $4,988 | $5,202 | $4,968 | $4,961 | $5,719 | $6,231 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 20% |
| C&I / Commercial | 59% |
| Agricultural | 1% |
| Other | 19% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 61% |
| Interest-Bearing (core) | 34% |
| Brokered / Other | 5% |