Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.02 | 0.99% |
| Return on Equity (%) | ▼ | 11.18% | -1.70 | 12.88% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.52 | 3.25% |
| Efficiency Ratio (%) | ▼ | 70.94% | +5.01 | 65.93% |
| Pre-Provision Profit ($M) | ▼ | $8 | -0.15 | $8 |
| Cost of Funds (%) | ▲ | 1.33% | -0.28 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,390 | +165.74 | $2,224 |
| Gross Loans ($M) | ▲ | $1,674 | +207.97 | $1,466 |
| Loan Growth YoY (%) | ▲ | 81.79% | +5.41 | 76.38% |
| Total Deposits ($M) | ▲ | $2,024 | +126.49 | $1,897 |
| Shareholders Equity ($M) | ▲ | $226 | +49.89 | $176 |
| Tang. Book Value ($M) | ▲ | $213 | +40.34 | $173 |
| TBV excl. AOCI ($M)** | ▲ | $242 | +38.69 | $203 |
| Loan / Deposit Ratio (%) | ▲ | 81.79% | +5.41 | 76.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.41% | -0.10 | 0.51% |
| Allowance / Loans (%) | — | 1.10% | -0.03% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.54% | -0.16 | 0.70% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.24% | -0.37 | 13.61% |
Noninterest income ($4.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▄▇█ | Net Interest Margin (%) | 3.00% | 3.01% | 3.17% | 3.25% | 3.31% | 3.35% | 3.63% | 3.76% |
| ▁▁▂▆██▃▇ | Return on Assets (%) | 0.85% | 0.82% | 0.86% | 0.99% | 1.06% | 1.08% | 0.91% | 1.01% |
| ██▄▁▁▁█▇ | Efficiency Ratio (%) | 72.5% | 71.6% | 68.1% | 65.9% | 65.2% | 65.3% | 72.3% | 70.9% |
| ██▆▆▆▄▁▁ | Cost of Funds (%) | 1.69% | 1.74% | 1.60% | 1.61% | 1.62% | 1.50% | 1.27% | 1.33% |
| ▄▇▄▅▂▁█▁ | NPA / Assets (%) | 0.47% | 0.54% | 0.48% | 0.51% | 0.44% | 0.42% | 0.57% | 0.41% |
| ▅█▆▅▄▃█▁ | Net Charge-Off Ratio (%) | 0.70% | 0.83% | 0.74% | 0.70% | 0.66% | 0.62% | 0.84% | 0.54% |
| ▁▁▁▂▄▆▇█ | Tang. Book Value ($M) | $169 | $164 | $169 | $173 | $186 | $196 | $205 | $213 |
| ▁▁▂▂▃▄██ | Gross Loans ($M) | $1,413 | $1,431 | $1,447 | $1,466 | $1,484 | $1,518 | $1,649 | $1,674 |
| ▁▃▃▃▃▄█▇ | Total Deposits ($M) | $1,817 | $1,891 | $1,895 | $1,897 | $1,885 | $1,915 | $2,074 | $2,024 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Consumer | 4% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 4% |