Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.91% | +0.14 | 0.77% |
| Return on Equity (%) | ▼ | 8.44% | -0.01 | 8.45% |
| Net Interest Margin (%) | ▲ | 3.24% | +0.37 | 2.86% |
| Efficiency Ratio (%) | ▲ | 67.31% | -2.61 | 69.93% |
| Pre-Provision Profit ($M) | ▲ | $10 | +0.44 | $9 |
| Cost of Funds (%) | ▲ | 1.04% | -0.12 | 1.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $3,185 | -85.68 | $3,271 |
| Gross Loans ($M) | ▲ | $1,754 | +119.54 | $1,635 |
| Loan Growth YoY (%) | ▲ | 62.68% | +6.95 | 55.73% |
| Total Deposits ($M) | ▼ | $2,750 | -120.82 | $2,871 |
| Shareholders Equity ($M) | ▲ | $355 | +38.99 | $316 |
| Tang. Book Value ($M) | ▲ | $355 | +39.12 | $316 |
| TBV excl. AOCI ($M)** | ▲ | $412 | +30.36 | $381 |
| Loan / Deposit Ratio (%) | ▲ | 62.68% | +6.95 | 55.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.45% | +0.29 | 0.16% |
| Allowance / Loans (%) | — | 1.73% | -0.39% | 2.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.55% | +0.23 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.98% | +0.40 | 18.58% |
Noninterest income ($6.21M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅██ | Net Interest Margin (%) | 2.61% | 2.63% | 2.75% | 2.86% | 2.92% | 2.98% | 3.21% | 3.24% |
| ▁▃▃▅▇███ | Return on Assets (%) | 0.60% | 0.71% | 0.68% | 0.77% | 0.86% | 0.91% | 0.91% | 0.91% |
| ██▆▄▁▁▁▁ | Efficiency Ratio (%) | 74.4% | 73.4% | 72.4% | 69.9% | 67.0% | 66.9% | 67.1% | 67.3% |
| ██▄▄▃▃▁▁ | Cost of Funds (%) | 1.36% | 1.36% | 1.19% | 1.16% | 1.15% | 1.13% | 1.03% | 1.04% |
| ▂▆▆▂▁███ | NPA / Assets (%) | 0.18% | 0.34% | 0.37% | 0.16% | 0.09% | 0.48% | 0.46% | 0.45% |
| ▃▆▇▂▁██▅ | Net Charge-Off Ratio (%) | 0.37% | 0.69% | 0.75% | 0.32% | 0.17% | 0.92% | 0.86% | 0.55% |
| ▂▁▃▄▆███ | Tang. Book Value ($M) | $293 | $280 | $301 | $316 | $332 | $346 | $350 | $355 |
| ▁▁▁▂▆▇██ | Gross Loans ($M) | $1,603 | $1,619 | $1,612 | $1,635 | $1,707 | $1,731 | $1,743 | $1,754 |
| ▄▅█▇██▆▁ | Total Deposits ($M) | $2,817 | $2,832 | $2,888 | $2,871 | $2,887 | $2,875 | $2,838 | $2,750 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 6% |