Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.13 | 1.39% |
| Return on Equity (%) | ▲ | 14.40% | +0.68 | 13.72% |
| Net Interest Margin (%) | ▲ | 4.21% | +0.02 | 4.18% |
| Efficiency Ratio (%) | ▲ | 60.26% | -0.71 | 60.97% |
| Pre-Provision Profit ($M) | ▲ | $26 | +2.76 | $23 |
| Cost of Funds (%) | ▲ | 1.76% | -0.08 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,388 | +1026.46 | $4,362 |
| Gross Loans ($M) | ▲ | $3,783 | +666.90 | $3,116 |
| Loan Growth YoY (%) | ▼ | 79.00% | -0.73 | 79.73% |
| Total Deposits ($M) | ▲ | $4,722 | +869.62 | $3,852 |
| Shareholders Equity ($M) | ▲ | $599 | +155.20 | $444 |
| Tang. Book Value ($M) | ▲ | $501 | +103.10 | $398 |
| TBV excl. AOCI ($M)** | ▲ | $529 | +102.37 | $426 |
| Loan / Deposit Ratio (%) | ▼ | 79.00% | -0.73 | 79.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.19% | -0.06 | 0.25% |
| Allowance / Loans (%) | — | 1.40% | -0.04% | 1.44% |
| Net Charge-Off Ratio (%) | ▲ | 0.25% | -0.08 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.39% | -0.17 | 13.57% |
Noninterest income ($14.16M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄███▆█ | Net Interest Margin (%) | 3.85% | 3.91% | 4.00% | 4.18% | 4.23% | 4.23% | 4.10% | 4.21% |
| ▁▄▃▅▇▇▇█ | Return on Assets (%) | 1.21% | 1.34% | 1.29% | 1.39% | 1.47% | 1.47% | 1.46% | 1.52% |
| █▄█▃▁▁▃▂ | Efficiency Ratio (%) | 64.3% | 61.8% | 63.9% | 61.0% | 60.1% | 59.6% | 61.0% | 60.3% |
| █▇▄▄▃▃▁▃ | Cost of Funds (%) | 2.09% | 2.00% | 1.80% | 1.84% | 1.78% | 1.75% | 1.63% | 1.76% |
| ██▁▃▃▃▁▂ | NPA / Assets (%) | 0.58% | 0.58% | 0.16% | 0.25% | 0.25% | 0.26% | 0.13% | 0.19% |
| ██▁▃▂▂▁▂ | Net Charge-Off Ratio (%) | 0.81% | 0.78% | 0.21% | 0.34% | 0.32% | 0.32% | 0.16% | 0.25% |
| ▁▁▁▁▂▃▃█ | Tang. Book Value ($M) | $401 | $390 | $394 | $398 | $413 | $421 | $423 | $501 |
| ▁▁▁▁▁▂▁█ | Gross Loans ($M) | $3,049 | $3,076 | $3,090 | $3,116 | $3,067 | $3,154 | $3,121 | $3,783 |
| ▁▁▂▂▂▂▄█ | Total Deposits ($M) | $3,819 | $3,726 | $3,899 | $3,852 | $3,952 | $3,954 | $4,116 | $4,722 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 12% |
| Agricultural | 2% |
| Consumer | 9% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 11% |