Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +2.66 | -1.36% |
| Return on Equity (%) | ▲ | 11.26% | +24.39 | -13.13% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.36 | 3.40% |
| Efficiency Ratio (%) | ▲ | 55.27% | -49.83 | 105.10% |
| Pre-Provision Profit ($M) | ▲ | $18 | +19.96 | $-2 |
| Cost of Funds (%) | ▼ | 1.45% | +0.24 | 1.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,391 | +90.36 | $4,301 |
| Gross Loans ($M) | ▲ | $2,993 | +64.38 | $2,929 |
| Loan Growth YoY (%) | ▲ | 80.56% | +1.41 | 79.15% |
| Total Deposits ($M) | ▲ | $3,671 | +14.57 | $3,657 |
| Shareholders Equity ($M) | ▲ | $509 | +35.47 | $474 |
| Tang. Book Value ($M) | ▲ | $341 | +40.20 | $301 |
| TBV excl. AOCI ($M)** | ▲ | $390 | +44.35 | $345 |
| Loan / Deposit Ratio (%) | ▲ | 80.56% | +1.41 | 79.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.69% | +0.24 | 0.45% |
| Allowance / Loans (%) | — | 1.19% | 0.01% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 0.93% | +0.36 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.77% | +0.88 | 10.89% |
Noninterest income ($5.98M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▇██▇ | Net Interest Margin (%) | 3.00% | 3.12% | 3.14% | 3.40% | 3.78% | 3.89% | 3.89% | 3.76% |
| ███▁▅▆▇█ | Return on Assets (%) | 0.99% | 1.07% | 1.09% | -1.36% | 0.11% | 0.58% | 0.79% | 1.30% |
| ▂▁▁█▄▂▂▁ | Efficiency Ratio (%) | 62.4% | 60.6% | 60.4% | 105.1% | 75.8% | 67.7% | 64.0% | 55.3% |
| █▇█▁▆▆▆▄ | Cost of Funds (%) | 1.70% | 1.62% | 1.66% | 1.22% | 1.56% | 1.52% | 1.53% | 1.45% |
| ▁▁▁▅▅▆██ | NPA / Assets (%) | 0.09% | 0.11% | 0.15% | 0.45% | 0.45% | 0.47% | 0.67% | 0.69% |
| ▁▁▁▅▅▅██ | Net Charge-Off Ratio (%) | 0.14% | 0.16% | 0.24% | 0.57% | 0.58% | 0.60% | 0.89% | 0.93% |
| ▁▁▁▇▇███ | Tang. Book Value ($M) | $178 | $180 | $192 | $301 | $307 | $324 | $337 | $341 |
| ▁▁▁█████ | Gross Loans ($M) | $1,443 | $1,510 | $1,553 | $2,929 | $2,928 | $2,916 | $3,029 | $2,993 |
| ▁▁▁█████ | Total Deposits ($M) | $2,131 | $2,245 | $2,252 | $3,657 | $3,594 | $3,568 | $3,602 | $3,671 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 11% |