Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.49% | +0.31 | 1.18% |
| Return on Equity (%) | ▲ | 16.87% | +1.86 | 15.01% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.37 | 3.44% |
| Efficiency Ratio (%) | ▲ | 47.25% | -1.92 | 49.17% |
| Pre-Provision Profit ($M) | ▲ | $21 | +3.29 | $18 |
| Cost of Funds (%) | ▲ | 1.79% | -0.20 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,018 | +330.27 | $3,687 |
| Gross Loans ($M) | ▲ | $2,861 | +290.99 | $2,570 |
| Loan Growth YoY (%) | ▲ | 80.47% | +1.79 | 78.68% |
| Total Deposits ($M) | ▲ | $3,506 | +282.29 | $3,224 |
| Shareholders Equity ($M) | ▲ | $355 | +57.00 | $298 |
| Tang. Book Value ($M) | ▲ | $327 | +57.35 | $270 |
| TBV excl. AOCI ($M)** | ▲ | $367 | +60.37 | $306 |
| Loan / Deposit Ratio (%) | ▲ | 80.47% | +1.79 | 78.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.39% | +0.20 | 0.19% |
| Allowance / Loans (%) | — | 1.39% | 0.08% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 0.48% | +0.28 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.57% | +0.26 | 12.31% |
Noninterest income ($5.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 2.95% | 3.01% | 3.36% | 3.44% | 3.50% | 3.57% | 3.78% | 3.81% |
| ▁▁▁▄▄▄██ | Return on Assets (%) | 0.92% | 0.94% | 0.99% | 1.18% | 1.17% | 1.18% | 1.52% | 1.49% |
| ██▄▃▃▂▁▂ | Efficiency Ratio (%) | 55.6% | 54.6% | 49.7% | 49.2% | 48.8% | 48.2% | 46.0% | 47.2% |
| █▇▅▅▅▅▁▁ | Cost of Funds (%) | 2.20% | 2.14% | 1.99% | 1.99% | 1.98% | 1.99% | 1.77% | 1.79% |
| ▆▃▂▁▃▇██ | NPA / Assets (%) | 0.33% | 0.24% | 0.24% | 0.19% | 0.25% | 0.35% | 0.39% | 0.39% |
| █▄▄▁▃▇██ | Net Charge-Off Ratio (%) | 0.47% | 0.34% | 0.33% | 0.21% | 0.28% | 0.44% | 0.49% | 0.48% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $247 | $242 | $258 | $270 | $294 | $311 | $314 | $327 |
| ▁▂▃▃▄▆▆█ | Gross Loans ($M) | $2,434 | $2,494 | $2,542 | $2,570 | $2,646 | $2,723 | $2,751 | $2,861 |
| ▁▁▃▄▆▅██ | Total Deposits ($M) | $3,042 | $3,068 | $3,160 | $3,224 | $3,352 | $3,328 | $3,452 | $3,506 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 12% |
| Agricultural | 3% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 14% |