Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.02% | +0.13 | 1.90% |
| Return on Equity (%) | ▲ | 15.04% | +0.86 | 14.18% |
| Net Interest Margin (%) | ▼ | 5.20% | -0.20 | 5.40% |
| Efficiency Ratio (%) | ▲ | 39.38% | -2.18 | 41.55% |
| Pre-Provision Profit ($M) | ▲ | $21 | +1.59 | $19 |
| Cost of Funds (%) | ▲ | 1.05% | -0.09 | 1.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,944 | +294.15 | $2,650 |
| Gross Loans ($M) | ▲ | $2,271 | +161.48 | $2,110 |
| Loan Growth YoY (%) | ▼ | 88.61% | -3.25 | 91.86% |
| Total Deposits ($M) | ▲ | $2,524 | +263.26 | $2,260 |
| Shareholders Equity ($M) | ▲ | $397 | +28.63 | $368 |
| Tang. Book Value ($M) | ▲ | $335 | +32.76 | $302 |
| TBV excl. AOCI ($M)** | ▲ | $354 | +33.88 | $320 |
| Loan / Deposit Ratio (%) | ▼ | 88.61% | -3.25 | 91.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.62% | +0.46 | 0.16% |
| Allowance / Loans (%) | — | 1.55% | -0.04% | 1.59% |
| Net Charge-Off Ratio (%) | ▼ | 0.50% | +0.30 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.15% | -0.04 | 13.19% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▇▇███▄▄ | Net Interest Margin (%) | 5.00% | 5.32% | 5.33% | 5.40% | 5.41% | 5.41% | 5.20% | 5.20% |
| ▆▁▃▅▄▅█▇ | Return on Assets (%) | 1.98% | 1.58% | 1.79% | 1.90% | 1.85% | 1.91% | 2.16% | 2.02% |
| ▄█▃▃▂▂▁▁ | Efficiency Ratio (%) | 43.3% | 47.9% | 42.1% | 41.6% | 40.9% | 40.5% | 39.0% | 39.4% |
| █▆▂▅▄▄▁▁ | Cost of Funds (%) | 1.23% | 1.17% | 1.09% | 1.15% | 1.13% | 1.13% | 1.05% | 1.05% |
| ▂▁▁▂▇▇██ | NPA / Assets (%) | 0.13% | 0.02% | 0.08% | 0.16% | 0.51% | 0.50% | 0.62% | 0.62% |
| ▂▁▁▃██▆▆ | Net Charge-Off Ratio (%) | 0.17% | 0.03% | 0.11% | 0.20% | 0.67% | 0.65% | 0.49% | 0.50% |
| ▁▄▅▆▇▇██ | Tang. Book Value ($M) | $229 | $276 | $290 | $302 | $313 | $319 | $332 | $335 |
| ▁▆▇▇▇███ | Gross Loans ($M) | $1,395 | $2,045 | $2,105 | $2,110 | $2,127 | $2,172 | $2,219 | $2,271 |
| ▁▇▆▆████ | Total Deposits ($M) | $1,527 | $2,312 | $2,257 | $2,260 | $2,438 | $2,479 | $2,476 | $2,524 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 10% |
| Agricultural | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 2% |