Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.27% | -0.99 | 2.27% |
| Return on Equity (%) | ▼ | 15.10% | -11.84 | 26.94% |
| Net Interest Margin (%) | ▼ | 3.91% | -0.11 | 4.02% |
| Efficiency Ratio (%) | ▼ | 67.99% | +3.28 | 64.71% |
| Pre-Provision Profit ($M) | ▼ | $22 | -0.81 | $23 |
| Cost of Funds (%) | ▲ | 1.70% | -0.08 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,048 | +573.26 | $5,475 |
| Gross Loans ($M) | ▲ | $4,789 | +427.23 | $4,361 |
| Loan Growth YoY (%) | ▲ | 88.79% | +0.06 | 88.73% |
| Total Deposits ($M) | ▲ | $5,337 | +473.90 | $4,863 |
| Shareholders Equity ($M) | ▲ | $520 | +46.35 | $473 |
| Tang. Book Value ($M) | ▲ | $505 | +46.76 | $459 |
| TBV excl. AOCI ($M)** | ▲ | $536 | +47.96 | $488 |
| Loan / Deposit Ratio (%) | ▲ | 88.79% | +0.06 | 88.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.62% | +0.34 | 1.28% |
| Allowance / Loans (%) | — | 1.05% | -0.02% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 1.62% | +0.23 | 1.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.13% | -0.61 | 11.74% |
Noninterest income ($13.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▆▇██▃ | Net Interest Margin (%) | 3.80% | 3.87% | 3.95% | 4.02% | 4.07% | 4.12% | 4.10% | 3.91% |
| ▃▃▆█▆▄▄▁ | Return on Assets (%) | 1.54% | 1.59% | 1.91% | 2.27% | 1.91% | 1.74% | 1.69% | 1.27% |
| ▁▂▅▂▃▄▄█ | Efficiency Ratio (%) | 63.9% | 64.4% | 66.4% | 64.7% | 65.0% | 65.7% | 65.9% | 68.0% |
| ██▄▂▂▃▁▁ | Cost of Funds (%) | 2.15% | 2.19% | 1.88% | 1.79% | 1.80% | 1.87% | 1.69% | 1.70% |
| ▁▁▁▅██▇▇ | NPA / Assets (%) | 0.59% | 0.50% | 0.48% | 1.28% | 1.79% | 1.64% | 1.52% | 1.62% |
| ▂▁▁▆███▇ | Net Charge-Off Ratio (%) | 0.67% | 0.56% | 0.38% | 1.38% | 1.93% | 1.83% | 1.85% | 1.62% |
| ▁▂▄▆▅▆██ | Tang. Book Value ($M) | $376 | $408 | $431 | $459 | $452 | $471 | $497 | $505 |
| ▂▂▁▁▄▆▇█ | Gross Loans ($M) | $4,444 | $4,440 | $4,387 | $4,361 | $4,562 | $4,652 | $4,730 | $4,789 |
| ▁▁▁▁▁▃█▇ | Total Deposits ($M) | $4,836 | $4,783 | $4,857 | $4,863 | $4,805 | $4,998 | $5,455 | $5,337 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 23% |
| Agricultural | 6% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 7% |