Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.98% | +0.27 | 1.71% |
| Return on Equity (%) | ▼ | 17.64% | -1.85 | 19.49% |
| Net Interest Margin (%) | ▲ | 5.59% | +0.26 | 5.33% |
| Efficiency Ratio (%) | ▲ | 57.16% | -4.88 | 62.04% |
| Pre-Provision Profit ($M) | ▲ | $24 | +5.08 | $19 |
| Cost of Funds (%) | ▲ | 1.05% | -0.33 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,396 | +163.49 | $3,232 |
| Gross Loans ($M) | ▲ | $2,593 | +151.24 | $2,442 |
| Loan Growth YoY (%) | ▲ | 87.59% | +1.70 | 85.89% |
| Total Deposits ($M) | ▲ | $2,931 | +117.99 | $2,813 |
| Shareholders Equity ($M) | ▲ | $386 | +99.75 | $286 |
| Tang. Book Value ($M) | ▲ | $306 | +98.78 | $207 |
| TBV excl. AOCI ($M)** | ▲ | $328 | +97.64 | $231 |
| Loan / Deposit Ratio (%) | ▲ | 87.59% | +1.70 | 85.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.71% | +0.35 | 0.37% |
| Allowance / Loans (%) | — | 1.01% | -0.06% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 0.89% | +0.40 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.38% | +3.05 | 9.33% |
Noninterest income ($10.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▇████ | Net Interest Margin (%) | 4.32% | 4.49% | 5.20% | 5.33% | 5.45% | 5.49% | 5.46% | 5.59% |
| ▁▁▇▅▇▆██ | Return on Assets (%) | 1.29% | 1.31% | 1.82% | 1.71% | 1.84% | 1.80% | 1.91% | 1.98% |
| ██▄▅▃▃▁▁ | Efficiency Ratio (%) | 66.5% | 66.1% | 60.9% | 62.0% | 59.8% | 60.1% | 57.9% | 57.2% |
| ██▆▇▅▄▁▁ | Cost of Funds (%) | 1.43% | 1.44% | 1.30% | 1.38% | 1.28% | 1.24% | 1.09% | 1.05% |
| ▁▄▄▃▄▃▅█ | NPA / Assets (%) | 0.17% | 0.37% | 0.39% | 0.37% | 0.42% | 0.37% | 0.47% | 0.71% |
| ▁▄▄▄▅▄▅█ | Net Charge-Off Ratio (%) | 0.23% | 0.50% | 0.51% | 0.49% | 0.56% | 0.48% | 0.58% | 0.89% |
| ▂▁▁▂▃▇██ | Tang. Book Value ($M) | $199 | $184 | $197 | $207 | $223 | $284 | $294 | $306 |
| ▁▃▅▆▆▇██ | Gross Loans ($M) | $2,129 | $2,267 | $2,383 | $2,442 | $2,440 | $2,497 | $2,545 | $2,593 |
| ▁▂▄▅█▆▇█ | Total Deposits ($M) | $2,643 | $2,684 | $2,781 | $2,813 | $2,910 | $2,828 | $2,885 | $2,931 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 23% |
| Agricultural | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 8% |