Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.62% | +0.19 | 1.44% |
| Return on Equity (%) | ▲ | 15.97% | +2.83 | 13.14% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.20 | 3.61% |
| Efficiency Ratio (%) | ▲ | 37.32% | -1.71 | 39.02% |
| Pre-Provision Profit ($M) | ▲ | $30 | +5.89 | $25 |
| Cost of Funds (%) | ▲ | 1.87% | -0.21 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,377 | +965.29 | $4,412 |
| Gross Loans ($M) | ▲ | $4,520 | +761.35 | $3,758 |
| Loan Growth YoY (%) | ▼ | 92.98% | -2.26 | 95.24% |
| Total Deposits ($M) | ▲ | $4,810 | +905.82 | $3,904 |
| Shareholders Equity ($M) | ▲ | $528 | +55.07 | $473 |
| Tang. Book Value ($M) | ▲ | $527 | +55.53 | $472 |
| TBV excl. AOCI ($M)** | ▲ | $532 | +55.28 | $476 |
| Loan / Deposit Ratio (%) | ▼ | 92.98% | -2.26 | 95.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.25% | +0.20 | 0.05% |
| Allowance / Loans (%) | — | 1.05% | -0.02% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 0.30% | +0.23 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.11% | -1.18 | 12.29% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▅▆██ | Net Interest Margin (%) | 3.46% | 3.51% | 3.55% | 3.61% | 3.66% | 3.71% | 3.85% | 3.81% |
| ▁▁▂▃▄▆██ | Return on Assets (%) | 1.32% | 1.36% | 1.39% | 1.44% | 1.48% | 1.52% | 1.64% | 1.62% |
| █▇█▆▅▅▁▃ | Efficiency Ratio (%) | 40.2% | 39.6% | 39.8% | 39.0% | 38.5% | 38.4% | 36.2% | 37.3% |
| ▇█▅▅▅▃▁▁ | Cost of Funds (%) | 2.17% | 2.28% | 2.07% | 2.08% | 2.10% | 1.95% | 1.81% | 1.87% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.05% | 0.05% | 0.04% | 0.05% | 0.05% | 0.07% | 0.06% | 0.25% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.05% | 0.05% | 0.05% | 0.06% | 0.05% | 0.08% | 0.07% | 0.30% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $446 | $454 | $460 | $472 | $485 | $500 | $511 | $527 |
| ▁▁▂▃▄▅▆█ | Gross Loans ($M) | $3,463 | $3,536 | $3,624 | $3,758 | $3,887 | $4,075 | $4,213 | $4,520 |
| ▁▁▂▃▅▅▇█ | Total Deposits ($M) | $3,409 | $3,567 | $3,746 | $3,904 | $4,112 | $4,210 | $4,480 | $4,810 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 5% |
| Agricultural | 2% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 6% |