Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.06 | 1.24% |
| Return on Equity (%) | ▲ | 11.42% | +0.19 | 11.23% |
| Net Interest Margin (%) | ▲ | 3.28% | +0.18 | 3.10% |
| Efficiency Ratio (%) | ▼ | 54.93% | +2.32 | 52.61% |
| Pre-Provision Profit ($M) | ▲ | $30 | +5.50 | $24 |
| Cost of Funds (%) | ▲ | 2.11% | -0.39 | 2.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,384 | +623.11 | $5,760 |
| Gross Loans ($M) | ▲ | $3,216 | +11.26 | $3,205 |
| Loan Growth YoY (%) | ▼ | 61.98% | -2.47 | 64.45% |
| Total Deposits ($M) | ▲ | $5,128 | +218.95 | $4,909 |
| Shareholders Equity ($M) | ▲ | $719 | +81.29 | $637 |
| Tang. Book Value ($M) | ▲ | $659 | +82.08 | $577 |
| TBV excl. AOCI ($M)** | ▲ | $783 | +113.06 | $670 |
| Loan / Deposit Ratio (%) | ▼ | 61.98% | -2.47 | 64.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.35% | +0.09 | 0.26% |
| Allowance / Loans (%) | — | 1.17% | -0.11% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 0.68% | +0.28 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($14.85M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▇██ | Net Interest Margin (%) | 2.87% | 2.90% | 3.08% | 3.10% | 3.14% | 3.18% | 3.27% | 3.28% |
| █▆▁▁▁▁▁▁ | Return on Assets (%) | 2.32% | 1.96% | 1.23% | 1.24% | 1.23% | 1.22% | 1.29% | 1.30% |
| ▁▂▅▆▇▇█▇ | Efficiency Ratio (%) | 40.3% | 44.2% | 50.9% | 52.6% | 54.3% | 54.2% | 57.6% | 54.9% |
| █▆▅▅▆▃▁▁ | Cost of Funds (%) | 2.83% | 2.62% | 2.53% | 2.49% | 2.59% | 2.29% | 2.10% | 2.11% |
| ▃▁▁▁█▆▄▂ | NPA / Assets (%) | 0.41% | 0.26% | 0.23% | 0.26% | 0.88% | 0.65% | 0.52% | 0.35% |
| ▂▁▁▁█▆▅▃ | Net Charge-Off Ratio (%) | 0.62% | 0.38% | 0.35% | 0.40% | 1.53% | 1.21% | 1.03% | 0.68% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $536 | $532 | $559 | $577 | $599 | $623 | $640 | $659 |
| ▆▆▃█▇▆▁█ | Gross Loans ($M) | $3,178 | $3,176 | $3,137 | $3,205 | $3,188 | $3,179 | $3,098 | $3,216 |
| ▁▂▆▅▇█▇█ | Total Deposits ($M) | $4,610 | $4,710 | $4,964 | $4,909 | $5,016 | $5,131 | $5,019 | $5,128 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 15% |
| Agricultural | 12% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 30% |