Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.53% | +0.20 | 1.33% |
| Return on Equity (%) | ▲ | 14.63% | +1.15 | 13.48% |
| Net Interest Margin (%) | ▲ | 3.71% | +0.20 | 3.51% |
| Efficiency Ratio (%) | ▲ | 49.89% | -3.51 | 53.40% |
| Pre-Provision Profit ($M) | ▲ | $27 | +4.53 | $22 |
| Cost of Funds (%) | ▲ | 2.16% | -0.25 | 2.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,186 | +217.29 | $4,969 |
| Gross Loans ($M) | ▲ | $4,394 | +292.57 | $4,101 |
| Loan Growth YoY (%) | ▲ | 98.13% | +3.95 | 94.18% |
| Total Deposits ($M) | ▲ | $4,421 | +121.57 | $4,300 |
| Shareholders Equity ($M) | ▲ | $542 | +43.77 | $498 |
| Tang. Book Value ($M) | ▲ | $521 | +46.87 | $474 |
| TBV excl. AOCI ($M)** | ▲ | $543 | +46.36 | $497 |
| Loan / Deposit Ratio (%) | ▲ | 98.13% | +3.95 | 94.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.64% | +0.17 | 0.48% |
| Allowance / Loans (%) | — | 1.25% | -0.01% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.63% | +0.07 | 0.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.12% | +0.02 | 12.09% |
Noninterest income ($8.91M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▆██ | Net Interest Margin (%) | 3.36% | 3.38% | 3.49% | 3.51% | 3.57% | 3.60% | 3.69% | 3.71% |
| ▁▁▄▄▄▅▇█ | Return on Assets (%) | 1.13% | 1.18% | 1.33% | 1.33% | 1.32% | 1.36% | 1.44% | 1.53% |
| █▇▄▄▃▂▂▁ | Efficiency Ratio (%) | 57.6% | 56.6% | 53.5% | 53.4% | 52.2% | 51.6% | 51.2% | 49.9% |
| ██▆▅▅▃▁▁ | Cost of Funds (%) | 2.59% | 2.55% | 2.44% | 2.41% | 2.42% | 2.30% | 2.16% | 2.16% |
| ▁▁▅▅▇███ | NPA / Assets (%) | 0.26% | 0.22% | 0.48% | 0.48% | 0.54% | 0.62% | 0.63% | 0.64% |
| ▁▁▆▆▇██▇ | Net Charge-Off Ratio (%) | 0.21% | 0.21% | 0.55% | 0.56% | 0.62% | 0.70% | 0.70% | 0.63% |
| ▁▁▃▄▆▇▇█ | Tang. Book Value ($M) | $435 | $442 | $458 | $474 | $489 | $504 | $509 | $521 |
| ▁▂▂▃▅▅▇█ | Gross Loans ($M) | $3,967 | $4,027 | $4,024 | $4,101 | $4,192 | $4,228 | $4,323 | $4,394 |
| ▁▄▅▆▆▆▇█ | Total Deposits ($M) | $4,056 | $4,227 | $4,279 | $4,300 | $4,300 | $4,321 | $4,356 | $4,421 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 12% |
| Agricultural | 5% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 15% |