Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.04 | 1.19% |
| Return on Equity (%) | ▼ | 10.30% | -0.13 | 10.43% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.17 | 3.71% |
| Efficiency Ratio (%) | ▼ | 60.37% | +0.55 | 59.82% |
| Pre-Provision Profit ($M) | ▲ | $36 | +2.41 | $33 |
| Cost of Funds (%) | ▲ | 2.06% | -0.28 | 2.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,893 | +951.07 | $7,942 |
| Gross Loans ($M) | ▲ | $6,662 | +613.96 | $6,048 |
| Loan Growth YoY (%) | ▼ | 90.76% | -2.34 | 93.10% |
| Total Deposits ($M) | ▲ | $7,271 | +837.67 | $6,434 |
| Shareholders Equity ($M) | ▲ | $1,085 | +165.83 | $919 |
| Tang. Book Value ($M) | ▲ | $920 | +133.39 | $787 |
| TBV excl. AOCI ($M)** | ▲ | $972 | +139.13 | $833 |
| Loan / Deposit Ratio (%) | ▼ | 90.76% | -2.34 | 93.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.23% | +0.47 | 0.76% |
| Allowance / Loans (%) | — | 0.94% | -0.03% | 0.97% |
| Net Charge-Off Ratio (%) | ▼ | 1.26% | +0.29 | 0.97% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.33% | +0.30 | 12.02% |
Noninterest income ($13.74M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▅▅▆██ | Net Interest Margin (%) | 3.53% | 3.60% | 3.71% | 3.71% | 3.75% | 3.76% | 3.85% | 3.88% |
| ▂▁▄▆████ | Return on Assets (%) | 1.10% | 1.06% | 1.14% | 1.19% | 1.22% | 1.23% | 1.23% | 1.23% |
| ██▅▃▁▁▄▅ | Efficiency Ratio (%) | 61.9% | 61.6% | 60.5% | 59.8% | 58.7% | 58.8% | 60.1% | 60.4% |
| █▇▅▄▆▃▁▁ | Cost of Funds (%) | 2.63% | 2.49% | 2.38% | 2.34% | 2.42% | 2.22% | 2.06% | 2.06% |
| ▁▁▂▃▄▆█▇ | NPA / Assets (%) | 0.40% | 0.39% | 0.55% | 0.76% | 0.83% | 1.09% | 1.38% | 1.23% |
| ▁▁▂▄▃▆█▇ | Net Charge-Off Ratio (%) | 0.50% | 0.42% | 0.69% | 0.97% | 0.82% | 1.24% | 1.53% | 1.26% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $681 | $736 | $769 | $787 | $824 | $838 | $890 | $920 |
| ▁▅▅▅▅▆██ | Gross Loans ($M) | $5,220 | $5,982 | $5,981 | $6,048 | $6,021 | $6,191 | $6,685 | $6,662 |
| ▁▄▄▄▄▅██ | Total Deposits ($M) | $5,650 | $6,528 | $6,472 | $6,434 | $6,517 | $6,716 | $7,471 | $7,271 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 21% |
| Agricultural | 3% |
| Consumer | 1% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 12% |