Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.16 | 1.16% |
| Return on Equity (%) | ▲ | 16.94% | +1.51 | 15.43% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.26 | 3.87% |
| Efficiency Ratio (%) | ▲ | 56.23% | -5.38 | 61.61% |
| Pre-Provision Profit ($M) | ▲ | $20 | +5.65 | $14 |
| Cost of Funds (%) | ▲ | 2.39% | -0.23 | 2.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,630 | +379.64 | $3,250 |
| Gross Loans ($M) | ▲ | $2,946 | +325.02 | $2,621 |
| Loan Growth YoY (%) | ▲ | 101.76% | +2.52 | 99.24% |
| Total Deposits ($M) | ▲ | $2,866 | +246.70 | $2,620 |
| Shareholders Equity ($M) | ▲ | $285 | +43.38 | $241 |
| Tang. Book Value ($M) | ▲ | $284 | +43.38 | $241 |
| TBV excl. AOCI ($M)** | ▲ | $301 | +45.14 | $256 |
| Loan / Deposit Ratio (%) | ▲ | 101.76% | +2.52 | 99.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.34% | +0.56 | 0.77% |
| Allowance / Loans (%) | — | 1.00% | 0.18% | 0.82% |
| Net Charge-Off Ratio (%) | ▼ | 0.31% | +0.08 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.61% | +0.21 | 10.40% |
Noninterest income ($8.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▇▇█ | Net Interest Margin (%) | 3.49% | 3.56% | 3.86% | 3.87% | 3.91% | 3.99% | 4.04% | 4.14% |
| ▁▁▄▅▂▃▅█ | Return on Assets (%) | 0.98% | 1.00% | 1.14% | 1.16% | 1.04% | 1.09% | 1.19% | 1.32% |
| ██▅▅▆▅▁▁ | Efficiency Ratio (%) | 65.9% | 65.3% | 61.5% | 61.6% | 62.6% | 61.2% | 57.1% | 56.2% |
| ██▄▅▆▃▂▁ | Cost of Funds (%) | 2.82% | 2.77% | 2.55% | 2.62% | 2.69% | 2.51% | 2.46% | 2.39% |
| ▁▁▁▁███▇ | NPA / Assets (%) | 0.69% | 0.70% | 0.67% | 0.77% | 1.49% | 1.40% | 1.40% | 1.34% |
| ▅▅▁▁█▁▁▁ | Net Charge-Off Ratio (%) | 0.78% | 0.76% | 0.32% | 0.24% | 1.12% | 0.32% | 0.33% | 0.31% |
| ▁▁▁▃▄▆▆█ | Tang. Book Value ($M) | $226 | $226 | $232 | $241 | $253 | $266 | $269 | $284 |
| ▁▂▃▄▅▆▇█ | Gross Loans ($M) | $2,393 | $2,491 | $2,535 | $2,621 | $2,715 | $2,783 | $2,845 | $2,946 |
| ▁▂▃▅▆▇██ | Total Deposits ($M) | $2,322 | $2,425 | $2,508 | $2,620 | $2,695 | $2,773 | $2,863 | $2,866 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 16% |
| Agricultural | 1% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 22% |