Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.10% | -0.03 | 1.14% |
| Return on Equity (%) | ▼ | 9.42% | -0.25 | 9.67% |
| Net Interest Margin (%) | ▼ | 3.65% | -0.07 | 3.72% |
| Efficiency Ratio (%) | ▼ | 58.55% | +0.29 | 58.26% |
| Pre-Provision Profit ($M) | ▲ | $36 | +4.40 | $31 |
| Cost of Funds (%) | ▼ | 1.52% | +0.04 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,143 | +1521.96 | $7,621 |
| Gross Loans ($M) | ▲ | $6,934 | +1167.34 | $5,767 |
| Loan Growth YoY (%) | ▼ | 89.69% | -1.45 | 91.14% |
| Total Deposits ($M) | ▲ | $7,634 | +1384.92 | $6,249 |
| Shareholders Equity ($M) | ▲ | $1,083 | +185.40 | $897 |
| Tang. Book Value ($M) | ▲ | $843 | +169.43 | $673 |
| TBV excl. AOCI ($M)** | ▲ | $907 | +179.63 | $728 |
| Loan / Deposit Ratio (%) | ▼ | 89.69% | -1.45 | 91.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.51% | +0.22 | 0.29% |
| Allowance / Loans (%) | — | 1.25% | 0.02% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.58% | +0.23 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.58% | +0.13 | 13.46% |
Noninterest income ($15.72M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▇███▅ | Net Interest Margin (%) | 3.45% | 3.49% | 3.61% | 3.72% | 3.78% | 3.78% | 3.75% | 3.65% |
| ▁▁▄▆▆▆█▅ | Return on Assets (%) | 0.98% | 0.97% | 1.08% | 1.14% | 1.13% | 1.15% | 1.20% | 1.10% |
| ██▆▄▄▄▁▅ | Efficiency Ratio (%) | 61.4% | 61.2% | 59.4% | 58.3% | 57.9% | 57.6% | 55.4% | 58.6% |
| █▆▃▄▄▂▁▅ | Cost of Funds (%) | 1.70% | 1.58% | 1.42% | 1.48% | 1.47% | 1.41% | 1.31% | 1.52% |
| ▁▆▄▂▂▆▇█ | NPA / Assets (%) | 0.25% | 0.41% | 0.36% | 0.29% | 0.29% | 0.43% | 0.45% | 0.51% |
| ▁▆▄▂▂▇▇█ | Net Charge-Off Ratio (%) | 0.31% | 0.51% | 0.44% | 0.35% | 0.36% | 0.52% | 0.53% | 0.58% |
| ▁▁▁▂▃▃▃█ | Tang. Book Value ($M) | $666 | $647 | $658 | $673 | $704 | $716 | $716 | $843 |
| ▁▁▁▁▂▃▃█ | Gross Loans ($M) | $5,615 | $5,672 | $5,699 | $5,767 | $5,824 | $6,011 | $6,077 | $6,934 |
| ▁▁▁▁▂▂▄█ | Total Deposits ($M) | $6,122 | $6,100 | $6,188 | $6,249 | $6,356 | $6,458 | $6,741 | $7,634 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 22% |
| Agricultural | 5% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 13% |