Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.42% | +0.09 | 1.32% |
| Return on Equity (%) | ▼ | 15.78% | -1.09 | 16.87% |
| Net Interest Margin (%) | ▲ | 4.02% | +0.27 | 3.75% |
| Efficiency Ratio (%) | ▼ | 56.68% | +0.56 | 56.12% |
| Pre-Provision Profit ($M) | ▲ | $15 | +1.28 | $14 |
| Cost of Funds (%) | ▲ | 1.91% | -0.35 | 2.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,143 | +166.06 | $2,977 |
| Gross Loans ($M) | ▲ | $2,404 | +168.39 | $2,235 |
| Loan Growth YoY (%) | ▲ | 83.50% | +2.38 | 81.12% |
| Total Deposits ($M) | ▲ | $2,835 | +122.98 | $2,712 |
| Shareholders Equity ($M) | ▲ | $282 | +43.37 | $238 |
| Tang. Book Value ($M) | ▲ | $245 | +44.28 | $201 |
| TBV excl. AOCI ($M)** | ▲ | $269 | +44.70 | $225 |
| Loan / Deposit Ratio (%) | ▲ | 83.50% | +2.38 | 81.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.89% | +0.49 | 0.40% |
| Allowance / Loans (%) | — | 1.51% | -0.06% | 1.57% |
| Net Charge-Off Ratio (%) | ▼ | 1.16% | +0.64 | 0.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.86% | +0.82 | 11.04% |
Noninterest income ($6.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▆▆▇▇█ | Net Interest Margin (%) | 3.28% | 3.38% | 3.46% | 3.75% | 3.83% | 3.91% | 3.89% | 4.02% |
| ▁▁▂▇▇█▇█ | Return on Assets (%) | 1.01% | 1.05% | 1.09% | 1.32% | 1.36% | 1.40% | 1.36% | 1.42% |
| █▆▃▁▃▁▄▁ | Efficiency Ratio (%) | 61.2% | 59.6% | 57.6% | 56.1% | 57.6% | 56.5% | 58.0% | 56.7% |
| ██▇▅▄▃▃▁ | Cost of Funds (%) | 2.54% | 2.57% | 2.45% | 2.26% | 2.19% | 2.15% | 2.07% | 1.91% |
| ▁▁▁▁▂▂██ | NPA / Assets (%) | 0.43% | 0.39% | 0.37% | 0.40% | 0.45% | 0.44% | 0.84% | 0.89% |
| ▂▁▁▂▂▂██ | Net Charge-Off Ratio (%) | 0.59% | 0.41% | 0.48% | 0.52% | 0.59% | 0.57% | 1.09% | 1.16% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $178 | $197 | $190 | $201 | $212 | $227 | $238 | $245 |
| ▁▂▄▄▅▆▇█ | Gross Loans ($M) | $2,104 | $2,167 | $2,237 | $2,235 | $2,276 | $2,298 | $2,348 | $2,404 |
| ▂▁▄▅▅▄▆█ | Total Deposits ($M) | $2,593 | $2,553 | $2,692 | $2,712 | $2,710 | $2,673 | $2,734 | $2,835 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 15% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 17% |