Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.67% | +0.06 | 1.61% |
| Return on Equity (%) | ▲ | 12.52% | +0.29 | 12.23% |
| Net Interest Margin (%) | ▲ | 4.45% | +0.74 | 3.71% |
| Efficiency Ratio (%) | ▼ | 51.86% | +7.25 | 44.61% |
| Pre-Provision Profit ($M) | ▲ | $32 | +10.07 | $22 |
| Cost of Funds (%) | ▲ | 1.36% | -0.26 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,944 | +1580.41 | $4,364 |
| Gross Loans ($M) | ▲ | $4,527 | +940.91 | $3,586 |
| Loan Growth YoY (%) | ▼ | 88.89% | -8.72 | 97.62% |
| Total Deposits ($M) | ▲ | $5,029 | +1401.25 | $3,628 |
| Shareholders Equity ($M) | ▲ | $806 | +215.00 | $591 |
| Tang. Book Value ($M) | ▲ | $500 | +115.82 | $384 |
| TBV excl. AOCI ($M)** | ▲ | $530 | +132.40 | $398 |
| Loan / Deposit Ratio (%) | ▼ | 88.89% | -8.72 | 97.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.47% | +0.16 | 0.31% |
| Allowance / Loans (%) | — | 1.24% | 0.00% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.56% | +0.19 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.93% | -0.11 | 11.03% |
Noninterest income ($9.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▂██ | Net Interest Margin (%) | 3.69% | 3.67% | 3.65% | 3.71% | 3.77% | 3.84% | 4.55% | 4.45% |
| ▂▃▆▄▅▆▁█ | Return on Assets (%) | 1.58% | 1.59% | 1.64% | 1.61% | 1.63% | 1.64% | 1.56% | 1.67% |
| ▂▁▁▁▁▁█▆ | Efficiency Ratio (%) | 45.5% | 44.9% | 43.7% | 44.6% | 44.3% | 44.4% | 56.1% | 51.9% |
| █▇▇▇▅▃▁▁ | Cost of Funds (%) | 1.68% | 1.61% | 1.63% | 1.62% | 1.54% | 1.45% | 1.32% | 1.36% |
| ▃▁▁▄▄▁██ | NPA / Assets (%) | 0.28% | 0.21% | 0.17% | 0.31% | 0.31% | 0.20% | 0.50% | 0.47% |
| ▃▁▁▄▄▂██ | Net Charge-Off Ratio (%) | 0.32% | 0.24% | 0.19% | 0.38% | 0.38% | 0.25% | 0.59% | 0.56% |
| ▁▁▁▁▂▂██ | Tang. Book Value ($M) | $369 | $371 | $378 | $384 | $390 | $396 | $490 | $500 |
| ▁▁▁▁▂▂██ | Gross Loans ($M) | $3,475 | $3,520 | $3,551 | $3,586 | $3,634 | $3,611 | $4,525 | $4,527 |
| ▁▁▂▁▁▂██ | Total Deposits ($M) | $3,547 | $3,734 | $3,749 | $3,628 | $3,581 | $3,752 | $5,133 | $5,029 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 16% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 4% |