Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.68% | +0.42 | 1.26% |
| Return on Equity (%) | ▲ | 17.36% | +3.86 | 13.50% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.31 | 3.72% |
| Efficiency Ratio (%) | ▲ | 54.51% | -2.41 | 56.92% |
| Pre-Provision Profit ($M) | ▲ | $20 | +5.32 | $15 |
| Cost of Funds (%) | ▲ | 1.98% | -0.23 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,390 | +330.26 | $3,060 |
| Gross Loans ($M) | ▲ | $2,872 | +303.82 | $2,568 |
| Loan Growth YoY (%) | ▲ | 95.95% | +3.31 | 92.63% |
| Total Deposits ($M) | ▲ | $2,960 | +223.06 | $2,737 |
| Shareholders Equity ($M) | ▲ | $333 | +42.07 | $291 |
| Tang. Book Value ($M) | ▲ | $308 | +40.02 | $268 |
| TBV excl. AOCI ($M)** | ▲ | $323 | +39.97 | $283 |
| Loan / Deposit Ratio (%) | ▲ | 95.95% | +3.31 | 92.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.40% | -0.01 | 0.41% |
| Allowance / Loans (%) | — | 1.12% | -0.17% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.30% | -0.09 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -11.07 | 11.07% |
Noninterest income ($9.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▆▆▆▇█ | Net Interest Margin (%) | 3.14% | 3.25% | 3.64% | 3.72% | 3.76% | 3.80% | 3.87% | 4.03% |
| ▁▂▂▃▄▅▆█ | Return on Assets (%) | 1.03% | 1.12% | 1.17% | 1.26% | 1.32% | 1.38% | 1.49% | 1.68% |
| ██▃▃▃▄▃▁ | Efficiency Ratio (%) | 63.7% | 62.6% | 57.4% | 56.9% | 57.4% | 58.0% | 57.5% | 54.5% |
| █▅▃▃▄▂▁▁ | Cost of Funds (%) | 2.60% | 2.34% | 2.15% | 2.20% | 2.27% | 2.12% | 1.98% | 1.98% |
| █▄▆▃▂▁▁▃ | NPA / Assets (%) | 0.60% | 0.43% | 0.49% | 0.41% | 0.36% | 0.32% | 0.34% | 0.40% |
| █▄▅▃▂▂▂▁ | Net Charge-Off Ratio (%) | 0.64% | 0.44% | 0.49% | 0.40% | 0.37% | 0.36% | 0.39% | 0.30% |
| ▁▁▂▃▅▅▇█ | Tang. Book Value ($M) | $247 | $245 | $257 | $268 | $281 | $284 | $295 | $308 |
| ▁▂▂▄▅▇██ | Gross Loans ($M) | $2,356 | $2,424 | $2,465 | $2,568 | $2,670 | $2,751 | $2,811 | $2,872 |
| ▁▁▂▃▅▆██ | Total Deposits ($M) | $2,616 | $2,634 | $2,702 | $2,737 | $2,804 | $2,849 | $2,958 | $2,960 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 12% |
| Agricultural | 6% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 8% |