Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.22 | 1.00% |
| Return on Equity (%) | ▲ | 14.86% | +1.19 | 13.67% |
| Net Interest Margin (%) | ▲ | 2.82% | +0.38 | 2.44% |
| Efficiency Ratio (%) | ▲ | 51.24% | -3.57 | 54.81% |
| Pre-Provision Profit ($M) | ▲ | $13 | +2.26 | $11 |
| Cost of Funds (%) | ▲ | 2.35% | -0.36 | 2.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,180 | +16.43 | $3,164 |
| Gross Loans ($M) | ▲ | $2,424 | +29.89 | $2,394 |
| Loan Growth YoY (%) | ▲ | 89.50% | +1.96 | 87.54% |
| Total Deposits ($M) | ▼ | $2,681 | -25.65 | $2,706 |
| Shareholders Equity ($M) | ▲ | $264 | +27.44 | $237 |
| Tang. Book Value ($M) | ▲ | $259 | +27.70 | $232 |
| TBV excl. AOCI ($M)** | ▲ | $291 | +26.79 | $264 |
| Loan / Deposit Ratio (%) | ▲ | 89.50% | +1.96 | 87.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.57% | +0.36 | 0.21% |
| Allowance / Loans (%) | — | 1.01% | -0.02% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 0.75% | +0.47 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.05% | +0.96 | 12.10% |
Noninterest income ($4.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆██ | Net Interest Margin (%) | 2.19% | 2.25% | 2.41% | 2.44% | 2.53% | 2.61% | 2.79% | 2.82% |
| ▁▁▁▃▄▆██ | Return on Assets (%) | 0.91% | 0.93% | 0.95% | 1.00% | 1.06% | 1.13% | 1.18% | 1.22% |
| █▇▇▅▃▂▂▁ | Efficiency Ratio (%) | 58.3% | 57.1% | 57.0% | 54.8% | 53.3% | 52.3% | 52.6% | 51.2% |
| █▇▆▇▆▃▁▁ | Cost of Funds (%) | 2.82% | 2.75% | 2.65% | 2.71% | 2.65% | 2.51% | 2.33% | 2.35% |
| ▁▂▂▂▅▆██ | NPA / Assets (%) | 0.10% | 0.17% | 0.21% | 0.21% | 0.35% | 0.43% | 0.53% | 0.57% |
| ▁▂▃▂▅▆██ | Net Charge-Off Ratio (%) | 0.13% | 0.23% | 0.28% | 0.27% | 0.46% | 0.57% | 0.70% | 0.75% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $223 | $218 | $226 | $232 | $241 | $249 | $253 | $259 |
| ▁▃▆▆▇▆▇█ | Gross Loans ($M) | $2,307 | $2,341 | $2,383 | $2,394 | $2,399 | $2,394 | $2,405 | $2,424 |
| ▅▇▆▅█▁▁▂ | Total Deposits ($M) | $2,704 | $2,726 | $2,712 | $2,706 | $2,739 | $2,666 | $2,665 | $2,681 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 16% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 35% |