Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 5.29% | +0.90 | 4.39% |
| Return on Equity (%) | ▲ | 38.07% | +6.38 | 31.69% |
| Net Interest Margin (%) | ▲ | 16.84% | +0.76 | 16.08% |
| Efficiency Ratio (%) | ▲ | 32.43% | -4.09 | 36.52% |
| Pre-Provision Profit ($M) | ▲ | $46 | +11.87 | $34 |
| Cost of Funds (%) | ▼ | 2.71% | +0.09 | 2.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,555 | +359.58 | $1,196 |
| Gross Loans ($M) | ▲ | $1,263 | +301.48 | $962 |
| Loan Growth YoY (%) | ▲ | 92.94% | +0.50 | 92.45% |
| Total Deposits ($M) | ▲ | $1,306 | +304.74 | $1,002 |
| Shareholders Equity ($M) | ▲ | $220 | +53.78 | $166 |
| Tang. Book Value ($M) | ▲ | $217 | +53.47 | $163 |
| TBV excl. AOCI ($M)** | ▲ | $220 | +53.58 | $166 |
| Loan / Deposit Ratio (%) | ▲ | 92.94% | +0.50 | 92.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.06% | -0.02 | 2.08% |
| Allowance / Loans (%) | — | 3.89% | 0.16% | 3.73% |
| Net Charge-Off Ratio (%) | ▲ | 2.54% | -0.05 | 2.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.51% | +0.08 | 16.44% |
Noninterest income ($9.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▇████ | Net Interest Margin (%) | 13.17% | 13.86% | 15.21% | 16.08% | 16.83% | 16.88% | 16.89% | 16.84% |
| ▁▁▄▄▇▇██ | Return on Assets (%) | 3.61% | 3.70% | 4.30% | 4.39% | 4.99% | 5.06% | 5.11% | 5.29% |
| ▇█▇▆▄▃▁▂ | Efficiency Ratio (%) | 37.5% | 39.6% | 38.3% | 36.5% | 34.8% | 34.0% | 31.2% | 32.4% |
| ▆█▃▁▂▂▁▃ | Cost of Funds (%) | 2.91% | 3.05% | 2.74% | 2.62% | 2.70% | 2.65% | 2.58% | 2.71% |
| ▁▅▇▅▄▃█▅ | NPA / Assets (%) | 1.29% | 2.20% | 2.41% | 2.08% | 1.88% | 1.81% | 2.75% | 2.06% |
| ▁▅▇▅▄▂█▄ | Net Charge-Off Ratio (%) | 1.60% | 2.76% | 3.08% | 2.59% | 2.38% | 2.01% | 3.53% | 2.54% |
| ▁▁▁▃▅▇▆█ | Tang. Book Value ($M) | $145 | $153 | $151 | $163 | $183 | $201 | $196 | $217 |
| ▁▂▂▃▅▆▇█ | Gross Loans ($M) | $800 | $867 | $892 | $962 | $1,058 | $1,130 | $1,171 | $1,263 |
| ▁▂▂▃▅▇██ | Total Deposits ($M) | $841 | $907 | $954 | $1,002 | $1,130 | $1,192 | $1,282 | $1,306 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 21% |
| Agricultural | 1% |
| Consumer | 17% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 28% |