Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.96% | -0.16 | 2.12% |
| Return on Equity (%) | ▲ | 27.72% | +0.43 | 27.29% |
| Net Interest Margin (%) | ▼ | 2.95% | -0.33 | 3.27% |
| Efficiency Ratio (%) | ▲ | 43.74% | -0.51 | 44.26% |
| Pre-Provision Profit ($M) | ▲ | $34 | +5.52 | $28 |
| Cost of Funds (%) | ▲ | 0.15% | -0.05 | 0.21% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,418 | +1602.55 | $3,815 |
| Gross Loans ($M) | ▲ | $5,008 | +1580.57 | $3,428 |
| Loan Growth YoY (%) | ▲ | 100.61% | +0.93 | 99.68% |
| Total Deposits ($M) | ▲ | $4,957 | +1537.67 | $3,419 |
| Shareholders Equity ($M) | ▲ | $393 | +64.54 | $329 |
| Tang. Book Value ($M) | ▲ | $392 | +64.54 | $328 |
| TBV excl. AOCI ($M)** | ▲ | $395 | +63.84 | $331 |
| Loan / Deposit Ratio (%) | ▲ | 100.61% | +0.93 | 99.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.45% | -0.21 | 0.66% |
| Allowance / Loans (%) | — | 0.42% | -0.15% | 0.57% |
| Net Charge-Off Ratio (%) | ▲ | 0.48% | -0.25 | 0.73% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.76% | -0.48 | 19.24% |
Noninterest income ($27.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▇▇██▂▁ | Net Interest Margin (%) | 2.97% | 3.01% | 3.24% | 3.27% | 3.34% | 3.33% | 3.04% | 2.95% |
| ▁▂█▇█▆▃▁ | Return on Assets (%) | 1.95% | 1.98% | 2.15% | 2.12% | 2.16% | 2.10% | 2.01% | 1.96% |
| ▂▃▅▇██▁▆ | Efficiency Ratio (%) | 41.6% | 42.4% | 43.2% | 44.3% | 45.0% | 45.0% | 41.1% | 43.7% |
| ██▇▇█▁▁▂ | Cost of Funds (%) | 0.22% | 0.22% | 0.21% | 0.21% | 0.22% | 0.15% | 0.14% | 0.15% |
| ▅▃▅█▄█▃▁ | NPA / Assets (%) | 0.57% | 0.52% | 0.57% | 0.66% | 0.54% | 0.65% | 0.52% | 0.45% |
| ▆▄▆█▃█▄▁ | Net Charge-Off Ratio (%) | 0.67% | 0.61% | 0.69% | 0.73% | 0.58% | 0.76% | 0.60% | 0.48% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $283 | $297 | $314 | $328 | $341 | $357 | $375 | $392 |
| ▁▁▂▂▂▅██ | Gross Loans ($M) | $3,168 | $3,336 | $3,596 | $3,428 | $3,453 | $4,136 | $4,865 | $5,008 |
| ▁▁▃▁▁▅█▇ | Total Deposits ($M) | $3,429 | $3,598 | $4,002 | $3,419 | $3,460 | $4,462 | $5,222 | $4,957 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 33% |
| C&I / Commercial | 5% |
| Agricultural | 2% |
| Consumer | 59% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 92% |
| Interest-Bearing (core) | 8% |
| Brokered / Other | 1% |