Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.78% | +0.41 | 1.37% |
| Return on Equity (%) | ▲ | 16.35% | +2.42 | 13.93% |
| Net Interest Margin (%) | ▲ | 3.89% | +0.39 | 3.51% |
| Efficiency Ratio (%) | ▲ | 61.42% | -1.52 | 62.93% |
| Pre-Provision Profit ($M) | ▲ | $30 | +2.19 | $28 |
| Cost of Funds (%) | ▲ | 1.66% | -0.36 | 2.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $5,277 | -36.19 | $5,313 |
| Gross Loans ($M) | ▼ | $4,061 | -52.28 | $4,113 |
| Loan Growth YoY (%) | ▲ | 94.66% | +2.12 | 92.54% |
| Total Deposits ($M) | ▼ | $4,239 | -141.74 | $4,381 |
| Shareholders Equity ($M) | ▲ | $580 | +42.64 | $538 |
| Tang. Book Value ($M) | ▲ | $458 | +51.84 | $406 |
| TBV excl. AOCI ($M)** | ▲ | $497 | +50.43 | $447 |
| Loan / Deposit Ratio (%) | ▲ | 94.66% | +2.12 | 92.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.38% | -0.52 | 0.91% |
| Allowance / Loans (%) | — | 1.19% | -0.25% | 1.44% |
| Net Charge-Off Ratio (%) | ▲ | 0.26% | -0.89 | 1.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.92% | +0.13 | 10.78% |
Noninterest income ($32.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▆▇▇██ | Net Interest Margin (%) | 2.43% | 2.70% | 3.43% | 3.51% | 3.53% | 3.60% | 3.76% | 3.89% |
| ▂▂▄▆▆▁██ | Return on Assets (%) | 0.74% | 0.67% | 1.09% | 1.37% | 1.36% | 0.42% | 1.81% | 1.78% |
| █▇▄▂▂▂▁▁ | Efficiency Ratio (%) | 73.4% | 71.3% | 67.3% | 62.9% | 63.3% | 63.2% | 62.8% | 61.4% |
| █▄▃▃▃▂▁▁ | Cost of Funds (%) | 2.85% | 2.16% | 1.98% | 2.01% | 2.02% | 1.89% | 1.62% | 1.66% |
| █▆▅▅▇█▆▁ | NPA / Assets (%) | 1.18% | 1.00% | 0.90% | 0.91% | 1.13% | 1.28% | 1.02% | 0.38% |
| █▇▆▆▇█▇▁ | Net Charge-Off Ratio (%) | 1.58% | 1.31% | 1.16% | 1.16% | 1.45% | 1.63% | 1.32% | 0.26% |
| ▁▃▅▆▇▇██ | Tang. Book Value ($M) | $309 | $364 | $385 | $406 | $423 | $436 | $450 | $458 |
| ▁███████ | Gross Loans ($M) | $3,046 | $4,009 | $4,098 | $4,113 | $4,120 | $4,070 | $4,057 | $4,061 |
| ▁██▇█▆█▆ | Total Deposits ($M) | $3,391 | $4,427 | $4,530 | $4,381 | $4,458 | $4,241 | $4,393 | $4,239 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 16% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 5% |