Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.99% | +0.24 | 1.75% |
| Return on Equity (%) | ▲ | 14.72% | +0.50 | 14.22% |
| Net Interest Margin (%) | ▲ | 4.38% | +0.30 | 4.07% |
| Efficiency Ratio (%) | ▲ | 46.45% | -1.69 | 48.14% |
| Pre-Provision Profit ($M) | ▲ | $65 | +6.26 | $59 |
| Cost of Funds (%) | ▲ | 1.56% | -0.20 | 1.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,259 | +174.49 | $9,085 |
| Gross Loans ($M) | ▲ | $7,225 | +122.63 | $7,102 |
| Loan Growth YoY (%) | ▲ | 94.97% | +1.74 | 93.22% |
| Total Deposits ($M) | ▼ | $7,433 | -10.44 | $7,443 |
| Shareholders Equity ($M) | ▲ | $1,299 | +93.47 | $1,205 |
| Tang. Book Value ($M) | ▲ | $1,212 | +93.51 | $1,119 |
| TBV excl. AOCI ($M)** | ▲ | $1,288 | +97.09 | $1,191 |
| Loan / Deposit Ratio (%) | ▲ | 94.97% | +1.74 | 93.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.78% | -0.04 | 0.81% |
| Allowance / Loans (%) | — | 2.30% | 0.00% | 2.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.99% | -0.05 | 1.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.36% | +0.67 | 14.69% |
Noninterest income ($25.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▇██ | Net Interest Margin (%) | 3.74% | 3.78% | 4.00% | 4.07% | 4.15% | 4.24% | 4.33% | 4.38% |
| ▁▁▄▄▅▆▅█ | Return on Assets (%) | 1.62% | 1.58% | 1.77% | 1.75% | 1.82% | 1.84% | 1.83% | 1.99% |
| ██▆▃▃▃▂▁ | Efficiency Ratio (%) | 50.7% | 51.2% | 49.4% | 48.1% | 48.0% | 47.8% | 47.2% | 46.5% |
| █▆▅▄▄▃▁▁ | Cost of Funds (%) | 2.07% | 1.90% | 1.79% | 1.76% | 1.77% | 1.66% | 1.51% | 1.56% |
| ▁▁▂█▆█▇▇ | NPA / Assets (%) | 0.38% | 0.37% | 0.47% | 0.81% | 0.71% | 0.86% | 0.80% | 0.78% |
| ▁▁▂█▆█▇▇ | Net Charge-Off Ratio (%) | 0.50% | 0.47% | 0.61% | 1.04% | 0.92% | 1.11% | 1.03% | 0.99% |
| ▁▁▂▄▆▇▇█ | Tang. Book Value ($M) | $1,051 | $1,052 | $1,084 | $1,119 | $1,154 | $1,175 | $1,189 | $1,212 |
| ▁▄▄▇▅▆▇█ | Gross Loans ($M) | $6,620 | $6,857 | $6,866 | $7,102 | $6,972 | $7,052 | $7,087 | $7,225 |
| ▁▃███▃▃█ | Total Deposits ($M) | $7,127 | $7,231 | $7,418 | $7,443 | $7,410 | $7,226 | $7,228 | $7,433 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 29% |
| C&I / Commercial | 66% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 10% |