Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.42% | +0.43 | 0.99% |
| Return on Equity (%) | ▲ | 15.79% | +3.83 | 11.96% |
| Net Interest Margin (%) | ▲ | 3.31% | +0.25 | 3.07% |
| Efficiency Ratio (%) | ▲ | 50.75% | -9.99 | 60.75% |
| Pre-Provision Profit ($M) | ▲ | $18 | +7.41 | $11 |
| Cost of Funds (%) | ▲ | 1.60% | -0.12 | 1.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,660 | +279.63 | $3,381 |
| Gross Loans ($M) | ▲ | $1,775 | +157.13 | $1,618 |
| Loan Growth YoY (%) | ▼ | 55.83% | -0.06 | 55.90% |
| Total Deposits ($M) | ▲ | $3,135 | +278.98 | $2,856 |
| Shareholders Equity ($M) | ▲ | $332 | +43.56 | $289 |
| Tang. Book Value ($M) | ▲ | $331 | +43.71 | $288 |
| TBV excl. AOCI ($M)** | ▲ | $398 | +43.44 | $355 |
| Loan / Deposit Ratio (%) | ▼ | 55.83% | -0.06 | 55.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.01 | 0.12% |
| Allowance / Loans (%) | — | 1.41% | 0.06% | 1.35% |
| Net Charge-Off Ratio (%) | ▲ | 0.25% | -0.01 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($9.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▂▁▃▆██ | Net Interest Margin (%) | 3.11% | 3.12% | 3.11% | 3.07% | 3.14% | 3.23% | 3.28% | 3.31% |
| ▁▁▁▁▁▂▃█ | Return on Assets (%) | 0.98% | 0.99% | 0.99% | 0.99% | 1.03% | 1.07% | 1.12% | 1.42% |
| ████▇▇▆▁ | Efficiency Ratio (%) | 60.1% | 60.9% | 61.3% | 60.7% | 59.4% | 58.7% | 57.4% | 50.8% |
| ▄█▆▆▆█▁▂ | Cost of Funds (%) | 1.65% | 1.77% | 1.72% | 1.71% | 1.72% | 1.77% | 1.57% | 1.60% |
| █▅▁▅▂▂▂▄ | NPA / Assets (%) | 0.15% | 0.13% | 0.10% | 0.12% | 0.11% | 0.11% | 0.11% | 0.12% |
| █▅▁▅▂▁▂▄ | Net Charge-Off Ratio (%) | 0.31% | 0.26% | 0.21% | 0.26% | 0.23% | 0.21% | 0.23% | 0.25% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $261 | $284 | $273 | $288 | $302 | $316 | $326 | $331 |
| ▁▂▂▃▅▇██ | Gross Loans ($M) | $1,556 | $1,597 | $1,597 | $1,618 | $1,693 | $1,737 | $1,754 | $1,775 |
| ▁▂▄▄▅▆██ | Total Deposits ($M) | $2,654 | $2,757 | $2,893 | $2,856 | $2,955 | $2,983 | $3,143 | $3,135 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 8% |
| Agricultural | 7% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 11% |