Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.43 | 0.88% |
| Return on Equity (%) | ▲ | 11.72% | +3.42 | 8.30% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.55 | 3.20% |
| Efficiency Ratio (%) | ▲ | 58.97% | -6.89 | 65.86% |
| Pre-Provision Profit ($M) | ▲ | $22 | +6.39 | $15 |
| Cost of Funds (%) | ▲ | 1.90% | -0.37 | 2.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,785 | +36.79 | $4,748 |
| Gross Loans ($M) | ▲ | $3,572 | +88.50 | $3,484 |
| Loan Growth YoY (%) | ▼ | 84.62% | -0.20 | 84.82% |
| Total Deposits ($M) | ▲ | $4,168 | +112.23 | $4,056 |
| Shareholders Equity ($M) | ▲ | $539 | +25.55 | $514 |
| Tang. Book Value ($M) | ▲ | $472 | +28.74 | $444 |
| TBV excl. AOCI ($M)** | ▲ | $515 | +32.36 | $482 |
| Loan / Deposit Ratio (%) | ▼ | 84.62% | -0.20 | 84.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.10 | 0.33% |
| Allowance / Loans (%) | — | 1.25% | 0.01% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.42% | +0.20 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($9.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅██ | Net Interest Margin (%) | 2.78% | 2.87% | 3.12% | 3.20% | 3.29% | 3.37% | 3.65% | 3.76% |
| ▇▅▁▁▂▃██ | Return on Assets (%) | 1.24% | 1.14% | 0.91% | 0.88% | 0.96% | 1.02% | 1.30% | 1.31% |
| ▁▃██▆▆▃▂ | Efficiency Ratio (%) | 57.4% | 59.7% | 66.4% | 65.9% | 64.1% | 63.3% | 60.7% | 59.0% |
| █▇▅▆▅▄▁▁ | Cost of Funds (%) | 2.53% | 2.37% | 2.21% | 2.27% | 2.22% | 2.12% | 1.83% | 1.90% |
| ▃▁▁▂▇▅█▆ | NPA / Assets (%) | 0.35% | 0.30% | 0.31% | 0.33% | 0.43% | 0.40% | 0.48% | 0.43% |
| ▄▁▁▂▆▅██ | Net Charge-Off Ratio (%) | 0.27% | 0.16% | 0.19% | 0.21% | 0.36% | 0.30% | 0.43% | 0.42% |
| ▁▁▂▄▅▇██ | Tang. Book Value ($M) | $425 | $423 | $432 | $444 | $451 | $460 | $467 | $472 |
| █▇▃▁▁▁▁█ | Gross Loans ($M) | $3,576 | $3,561 | $3,499 | $3,484 | $3,473 | $3,481 | $3,474 | $3,572 |
| ▁▂▄▄▃▅█▆ | Total Deposits ($M) | $3,916 | $3,960 | $4,084 | $4,056 | $4,031 | $4,087 | $4,257 | $4,168 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 24% |
| Agricultural | 5% |
| Consumer | 3% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 10% |