Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.30% | -0.00 | 0.30% |
| Return on Equity (%) | ▼ | 3.26% | -0.24 | 3.50% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.22 | 3.46% |
| Efficiency Ratio (%) | ▲ | 87.02% | -0.40 | 87.42% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.31 | $4 |
| Cost of Funds (%) | ▲ | 1.86% | -0.10 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,950 | +63.28 | $2,887 |
| Gross Loans ($M) | ▲ | $1,797 | +200.15 | $1,597 |
| Loan Growth YoY (%) | ▲ | 71.57% | +8.01 | 63.56% |
| Total Deposits ($M) | ▼ | $2,482 | -4.15 | $2,486 |
| Shareholders Equity ($M) | ▲ | $271 | +33.26 | $238 |
| Tang. Book Value ($M) | ▲ | $215 | +35.91 | $179 |
| TBV excl. AOCI ($M)** | ▲ | $251 | +29.05 | $222 |
| Loan / Deposit Ratio (%) | ▲ | 71.57% | +8.01 | 63.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.67% | +0.58 | 0.08% |
| Allowance / Loans (%) | — | 1.15% | 0.11% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 0.59% | +0.44 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.06% | -0.56 | 12.62% |
Noninterest income ($13.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 3.27% | 3.32% | 3.30% | 3.46% | 3.50% | 3.54% | 3.59% | 3.68% |
| ▆▅▄▅▇█▁▅ | Return on Assets (%) | 0.39% | 0.31% | 0.23% | 0.30% | 0.44% | 0.54% | -0.01% | 0.30% |
| ▁▃█▅▂▁█▅ | Efficiency Ratio (%) | 82.9% | 85.1% | 90.2% | 87.4% | 84.4% | 82.9% | 90.0% | 87.0% |
| ▅▅▃▃▃█▁▂ | Cost of Funds (%) | 2.08% | 2.10% | 1.95% | 1.96% | 1.92% | 2.34% | 1.78% | 1.86% |
| ▂▁▁▁▁▁██ | NPA / Assets (%) | 0.19% | 0.09% | 0.09% | 0.08% | 0.08% | 0.10% | 0.71% | 0.67% |
| ▂▁▁▁▁▁█▄ | Net Charge-Off Ratio (%) | 0.37% | 0.17% | 0.17% | 0.15% | 0.15% | 0.16% | 1.18% | 0.59% |
| ▁▁▁▁▄▇▇█ | Tang. Book Value ($M) | $182 | $179 | $179 | $179 | $197 | $208 | $208 | $215 |
| ▁▁▂▄▅▆▇█ | Gross Loans ($M) | $1,427 | $1,466 | $1,505 | $1,597 | $1,617 | $1,688 | $1,736 | $1,797 |
| ▁▁▄▃██▆▃ | Total Deposits ($M) | $2,438 | $2,445 | $2,512 | $2,486 | $2,591 | $2,605 | $2,547 | $2,482 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 14% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 12% |