Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.45% | +0.07 | 1.38% |
| Return on Equity (%) | ▲ | 13.45% | +0.02 | 13.43% |
| Net Interest Margin (%) | ▲ | 4.27% | +0.14 | 4.13% |
| Efficiency Ratio (%) | ▼ | 56.84% | +0.50 | 56.34% |
| Pre-Provision Profit ($M) | ▲ | $30 | +4.47 | $26 |
| Cost of Funds (%) | ▲ | 1.48% | -0.03 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,172 | +577.04 | $5,595 |
| Gross Loans ($M) | ▲ | $4,468 | +571.33 | $3,897 |
| Loan Growth YoY (%) | ▲ | 91.06% | +8.91 | 82.15% |
| Total Deposits ($M) | ▲ | $4,851 | +164.96 | $4,686 |
| Shareholders Equity ($M) | ▲ | $662 | +84.26 | $578 |
| Tang. Book Value ($M) | ▲ | $546 | +84.17 | $462 |
| TBV excl. AOCI ($M)** | ▲ | $605 | +84.08 | $521 |
| Loan / Deposit Ratio (%) | ▲ | 91.06% | +8.91 | 82.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.50% | +0.26 | 0.23% |
| Allowance / Loans (%) | — | 1.14% | -0.07% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.61% | +0.35 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.62% | -0.18 | 12.80% |
Noninterest income ($11.62M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▇▇█▇█ | Net Interest Margin (%) | 3.63% | 3.74% | 4.12% | 4.13% | 4.17% | 4.29% | 4.17% | 4.27% |
| ▁▂▇▇██▇█ | Return on Assets (%) | 0.88% | 0.98% | 1.38% | 1.38% | 1.42% | 1.46% | 1.37% | 1.45% |
| ██▁▁▁▂▂▂ | Efficiency Ratio (%) | 64.0% | 63.0% | 55.3% | 56.3% | 56.0% | 56.7% | 57.5% | 56.8% |
| █▆▃▃▄▂▁▃ | Cost of Funds (%) | 1.76% | 1.65% | 1.49% | 1.51% | 1.54% | 1.45% | 1.37% | 1.48% |
| ▃▃▁▁▅▃██ | NPA / Assets (%) | 0.31% | 0.31% | 0.25% | 0.23% | 0.39% | 0.31% | 0.51% | 0.50% |
| ▃▃▁▁▅▃██ | Net Charge-Off Ratio (%) | 0.38% | 0.35% | 0.27% | 0.25% | 0.49% | 0.36% | 0.64% | 0.61% |
| ▂▁▂▂▅▇▇█ | Tang. Book Value ($M) | $456 | $436 | $457 | $462 | $498 | $527 | $523 | $546 |
| ▁▂▂▂▃▄██ | Gross Loans ($M) | $3,715 | $3,837 | $3,854 | $3,897 | $3,967 | $4,055 | $4,424 | $4,468 |
| ▅▅▃▄▂▁██ | Total Deposits ($M) | $4,727 | $4,722 | $4,651 | $4,686 | $4,636 | $4,572 | $4,863 | $4,851 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 14% |
| Agricultural | 3% |
| Consumer | 16% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 4% |