Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.40% | +0.31 | 1.09% |
| Return on Equity (%) | ▲ | 19.88% | +1.16 | 18.72% |
| Net Interest Margin (%) | ▲ | 3.56% | +0.44 | 3.13% |
| Efficiency Ratio (%) | ▲ | 59.10% | -4.37 | 63.47% |
| Pre-Provision Profit ($M) | ▲ | $31 | +4.91 | $26 |
| Cost of Funds (%) | ▲ | 1.46% | -0.59 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $6,762 | -29.18 | $6,791 |
| Gross Loans ($M) | ▲ | $4,356 | +151.53 | $4,204 |
| Loan Growth YoY (%) | ▲ | 72.34% | +4.96 | 67.38% |
| Total Deposits ($M) | ▼ | $5,950 | -206.44 | $6,157 |
| Shareholders Equity ($M) | ▲ | $501 | +84.81 | $417 |
| Tang. Book Value ($M) | ▲ | $486 | +85.54 | $401 |
| TBV excl. AOCI ($M)** | ▲ | $576 | +68.67 | $508 |
| Loan / Deposit Ratio (%) | ▲ | 72.34% | +4.96 | 67.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.39% | -0.14 | 0.53% |
| Allowance / Loans (%) | — | 1.18% | -0.15% | 1.33% |
| Net Charge-Off Ratio (%) | ▲ | 0.60% | -0.26 | 0.86% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.66% | +0.54 | 13.12% |
Noninterest income ($18.93M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 2.60% | 2.67% | 2.96% | 3.13% | 3.18% | 3.25% | 3.48% | 3.56% |
| ▁▁▃▅▅▆▇█ | Return on Assets (%) | 0.75% | 0.79% | 0.96% | 1.09% | 1.13% | 1.20% | 1.31% | 1.40% |
| ██▅▄▃▂▁▁ | Efficiency Ratio (%) | 69.7% | 68.6% | 65.1% | 63.5% | 62.5% | 60.8% | 59.3% | 59.1% |
| █▇▄▄▃▂▁▁ | Cost of Funds (%) | 2.71% | 2.47% | 2.08% | 2.05% | 1.91% | 1.64% | 1.53% | 1.46% |
| ▁▄█▇▇▅▄▄ | NPA / Assets (%) | 0.22% | 0.42% | 0.63% | 0.53% | 0.53% | 0.46% | 0.38% | 0.39% |
| ▁▅█▆▆▅▃▃ | Net Charge-Off Ratio (%) | 0.38% | 0.72% | 1.05% | 0.86% | 0.86% | 0.76% | 0.60% | 0.60% |
| ▄▁▃▃▅▆▇█ | Tang. Book Value ($M) | $416 | $362 | $404 | $401 | $436 | $448 | $464 | $486 |
| ▁▁▄▄▂▃▆█ | Gross Loans ($M) | $4,112 | $4,108 | $4,220 | $4,204 | $4,146 | $4,185 | $4,287 | $4,356 |
| █▇▇▃▂▄▂▁ | Total Deposits ($M) | $6,648 | $6,487 | $6,479 | $6,157 | $6,053 | $6,290 | $6,043 | $5,950 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 33% |
| Agricultural | 6% |
| Consumer | 4% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 6% |