Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.20 | 1.09% |
| Return on Equity (%) | ▼ | 11.64% | -0.56 | 12.20% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.38 | 3.12% |
| Efficiency Ratio (%) | ▲ | 55.63% | -0.06 | 55.69% |
| Pre-Provision Profit ($M) | ▲ | $30 | +9.81 | $20 |
| Cost of Funds (%) | ▲ | 1.61% | -0.07 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,160 | +1997.12 | $5,162 |
| Gross Loans ($M) | ▲ | $4,779 | +1473.81 | $3,306 |
| Loan Growth YoY (%) | ▲ | 80.53% | +6.77 | 73.76% |
| Total Deposits ($M) | ▲ | $5,869 | +1439.25 | $4,429 |
| Shareholders Equity ($M) | ▲ | $820 | +343.28 | $477 |
| Tang. Book Value ($M) | ▲ | $511 | +221.15 | $290 |
| TBV excl. AOCI ($M)** | ▲ | $584 | +231.15 | $353 |
| Loan / Deposit Ratio (%) | ▲ | 80.53% | +6.77 | 73.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.62% | +0.08 | 0.54% |
| Allowance / Loans (%) | — | 1.11% | -0.05% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 0.93% | +0.09 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.64% | -0.04 | 12.67% |
Noninterest income ($10.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▄▄█ | Net Interest Margin (%) | 2.88% | 2.90% | 3.09% | 3.12% | 3.15% | 3.18% | 3.16% | 3.50% |
| ▁▂▅▅▄▄▇█ | Return on Assets (%) | 0.85% | 0.91% | 1.07% | 1.09% | 1.04% | 1.07% | 1.23% | 1.29% |
| █▆█▁▇▅▇▁ | Efficiency Ratio (%) | 58.2% | 57.4% | 57.9% | 55.7% | 57.8% | 57.0% | 57.6% | 55.6% |
| ██▆▅▆▅▁▅ | Cost of Funds (%) | 1.92% | 1.89% | 1.72% | 1.69% | 1.69% | 1.64% | 1.31% | 1.61% |
| ▁▂▁▄▆▃█▅ | NPA / Assets (%) | 0.37% | 0.45% | 0.40% | 0.54% | 0.68% | 0.50% | 0.83% | 0.62% |
| ▁▂▁▄▆▃█▅ | Net Charge-Off Ratio (%) | 0.58% | 0.70% | 0.64% | 0.84% | 1.06% | 0.79% | 1.25% | 0.93% |
| ▁▁▁▂▃▃██ | Tang. Book Value ($M) | $270 | $243 | $273 | $290 | $315 | $342 | $512 | $511 |
| ▁▁▁▁▁▁██ | Gross Loans ($M) | $3,283 | $3,273 | $3,254 | $3,306 | $3,343 | $3,306 | $4,802 | $4,779 |
| ▁▁▂▁▁▁██ | Total Deposits ($M) | $4,418 | $4,315 | $4,522 | $4,429 | $4,440 | $4,373 | $5,942 | $5,869 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 11% |
| Agricultural | 1% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 6% |