Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.38% | +0.38 | 1.00% |
| Return on Equity (%) | ▲ | 15.03% | +2.82 | 12.21% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.50 | 3.03% |
| Efficiency Ratio (%) | ▲ | 53.13% | -5.44 | 58.57% |
| Pre-Provision Profit ($M) | ▲ | $44 | +11.45 | $32 |
| Cost of Funds (%) | ▲ | 1.45% | -0.15 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,791 | +453.00 | $8,338 |
| Gross Loans ($M) | ▲ | $6,597 | +424.65 | $6,173 |
| Loan Growth YoY (%) | ▲ | 91.25% | +0.80 | 90.45% |
| Total Deposits ($M) | ▲ | $7,166 | +406.54 | $6,759 |
| Shareholders Equity ($M) | ▲ | $816 | +121.90 | $694 |
| Tang. Book Value ($M) | ▲ | $749 | +121.32 | $628 |
| TBV excl. AOCI ($M)** | ▲ | $834 | +127.21 | $707 |
| Loan / Deposit Ratio (%) | ▲ | 91.25% | +0.80 | 90.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.60% | -0.03 | 0.63% |
| Allowance / Loans (%) | — | 0.89% | -0.06% | 0.95% |
| Net Charge-Off Ratio (%) | ▲ | 0.80% | -0.05 | 0.85% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.91% | +0.34 | 11.57% |
Noninterest income ($16.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅██ | Net Interest Margin (%) | 2.81% | 2.85% | 2.97% | 3.03% | 3.10% | 3.18% | 3.50% | 3.53% |
| ▄▅▅▅▆▁██ | Return on Assets (%) | 0.88% | 0.92% | 0.92% | 1.00% | 1.03% | 0.39% | 1.31% | 1.38% |
| ██▅▅▅▄▂▁ | Efficiency Ratio (%) | 64.0% | 62.7% | 59.4% | 58.6% | 58.6% | 57.8% | 54.6% | 53.1% |
| █▆▄▄▅▂▁▁ | Cost of Funds (%) | 1.80% | 1.67% | 1.61% | 1.61% | 1.62% | 1.47% | 1.42% | 1.45% |
| ▆▇█▂▂▁▁▂ | NPA / Assets (%) | 0.79% | 0.81% | 0.87% | 0.63% | 0.63% | 0.56% | 0.59% | 0.60% |
| ▇▂█▃▂▁▂▂ | Net Charge-Off Ratio (%) | 1.06% | 0.85% | 1.17% | 0.85% | 0.84% | 0.74% | 0.79% | 0.80% |
| ▁▁▂▃▄▇██ | Tang. Book Value ($M) | $588 | $578 | $608 | $628 | $653 | $726 | $736 | $749 |
| ▁▂▃▄▅▇▇█ | Gross Loans ($M) | $5,881 | $6,020 | $6,067 | $6,173 | $6,288 | $6,490 | $6,478 | $6,597 |
| ▂▁▄▃▇▇██ | Total Deposits ($M) | $6,616 | $6,511 | $6,791 | $6,759 | $7,096 | $7,134 | $7,246 | $7,166 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 13% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 10% |