Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.79% | +0.14 | 1.65% |
| Return on Equity (%) | ▲ | 13.94% | +1.79 | 12.15% |
| Net Interest Margin (%) | ▼ | 3.52% | -0.19 | 3.71% |
| Efficiency Ratio (%) | ▲ | 57.61% | -3.02 | 60.63% |
| Pre-Provision Profit ($M) | ▲ | $20 | +3.55 | $16 |
| Cost of Funds (%) | ▲ | 1.61% | -0.31 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,641 | +514.58 | $3,126 |
| Gross Loans ($M) | ▼ | $2,136 | -11.06 | $2,147 |
| Loan Growth YoY (%) | ▼ | 72.74% | -10.09 | 82.84% |
| Total Deposits ($M) | ▲ | $2,894 | +339.60 | $2,555 |
| Shareholders Equity ($M) | ▲ | $493 | +53.46 | $440 |
| Tang. Book Value ($M) | ▲ | $493 | +53.46 | $440 |
| TBV excl. AOCI ($M)** | ▲ | $532 | +71.03 | $461 |
| Loan / Deposit Ratio (%) | ▼ | 72.74% | -10.09 | 82.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.04 | 0.10% |
| Allowance / Loans (%) | — | 1.44% | -0.00% | 1.45% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.05 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.95% | +0.97 | 18.98% |
Noninterest income ($15.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▅▇█▆▁▃ | Net Interest Margin (%) | 3.53% | 3.57% | 3.61% | 3.71% | 3.76% | 3.64% | 3.38% | 3.52% |
| ▂▅▂▁▃▁▃█ | Return on Assets (%) | 1.68% | 1.73% | 1.67% | 1.65% | 1.69% | 1.67% | 1.69% | 1.79% |
| █▆▇██▅▁▁ | Efficiency Ratio (%) | 60.8% | 59.6% | 60.2% | 60.6% | 60.7% | 59.5% | 57.8% | 57.6% |
| █▅▆▆▅▁▃▃ | Cost of Funds (%) | 2.09% | 1.84% | 1.88% | 1.92% | 1.83% | 1.43% | 1.63% | 1.61% |
| ▁▃▂██▄▆▃ | NPA / Assets (%) | 0.04% | 0.06% | 0.05% | 0.10% | 0.10% | 0.06% | 0.09% | 0.06% |
| ▁▃▂▇█▆▇▄ | Net Charge-Off Ratio (%) | 0.06% | 0.09% | 0.07% | 0.15% | 0.16% | 0.12% | 0.14% | 0.10% |
| ▁▁▂▃▅▇██ | Tang. Book Value ($M) | $419 | $425 | $437 | $440 | $458 | $477 | $488 | $493 |
| ▁▁▁▆█▅▃▅ | Gross Loans ($M) | $2,100 | $2,107 | $2,102 | $2,147 | $2,165 | $2,137 | $2,117 | $2,136 |
| ▁▃▁▁▁█▃▃ | Total Deposits ($M) | $2,569 | $2,850 | $2,608 | $2,555 | $2,664 | $3,462 | $2,847 | $2,894 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 32% |
| C&I / Commercial | 8% |
| Agricultural | 4% |
| Consumer | 54% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 21% |