Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.75% | +0.49 | 1.26% |
| Return on Equity (%) | ▲ | 14.53% | +2.65 | 11.88% |
| Net Interest Margin (%) | ▲ | 4.47% | +1.31 | 3.16% |
| Efficiency Ratio (%) | ▲ | 52.66% | -1.88 | 54.54% |
| Pre-Provision Profit ($M) | ▲ | $35 | +6.23 | $29 |
| Cost of Funds (%) | ▲ | 1.35% | -0.44 | 1.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $6,548 | -1073.24 | $7,622 |
| Gross Loans ($M) | ▼ | $4,964 | -24.31 | $4,989 |
| Loan Growth YoY (%) | ▲ | 89.66% | +4.24 | 85.42% |
| Total Deposits ($M) | ▼ | $5,479 | -297.69 | $5,777 |
| Shareholders Equity ($M) | ▼ | $804 | -26.37 | $830 |
| Tang. Book Value ($M) | ▼ | $626 | -23.07 | $649 |
| TBV excl. AOCI ($M)** | ▼ | $670 | -80.74 | $751 |
| Loan / Deposit Ratio (%) | ▲ | 89.66% | +4.24 | 85.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.60% | +0.24 | 0.36% |
| Allowance / Loans (%) | — | 1.05% | -0.04% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.70% | +0.17 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.60% | +0.38 | 12.22% |
Noninterest income ($12.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅██ | Net Interest Margin (%) | 2.60% | 2.71% | 3.07% | 3.16% | 3.38% | 3.62% | 4.45% | 4.47% |
| ▇▇██▁▂██ | Return on Assets (%) | 0.91% | 0.59% | 1.35% | 1.26% | -3.07% | -1.96% | 1.79% | 1.75% |
| ██▂▃█▆▁▁ | Efficiency Ratio (%) | 62.5% | 62.7% | 53.3% | 54.5% | 62.5% | 58.9% | 51.4% | 52.7% |
| █▇▆▅▆▂▁▁ | Cost of Funds (%) | 2.12% | 1.98% | 1.83% | 1.80% | 1.89% | 1.43% | 1.32% | 1.35% |
| ▁▁▃▂▅▇██ | NPA / Assets (%) | 0.32% | 0.35% | 0.41% | 0.36% | 0.48% | 0.56% | 0.60% | 0.60% |
| ▁▂▄▁▅▇█▇ | Net Charge-Off Ratio (%) | 0.51% | 0.55% | 0.62% | 0.53% | 0.64% | 0.72% | 0.76% | 0.70% |
| ▅▆▇█▁▃▄▆ | Tang. Book Value ($M) | $613 | $618 | $629 | $649 | $560 | $589 | $599 | $626 |
| ▁▅▅█▁▄▄▇ | Gross Loans ($M) | $4,806 | $4,915 | $4,913 | $4,989 | $4,826 | $4,886 | $4,888 | $4,964 |
| █▆█▇▅▁▃▃ | Total Deposits ($M) | $5,801 | $5,676 | $5,846 | $5,777 | $5,656 | $5,353 | $5,498 | $5,479 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 14% |