Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.48% | -0.03 | 1.51% |
| Return on Equity (%) | ▲ | 10.54% | +0.04 | 10.50% |
| Net Interest Margin (%) | ▲ | 4.40% | +0.11 | 4.29% |
| Efficiency Ratio (%) | ▼ | 60.87% | +1.36 | 59.50% |
| Pre-Provision Profit ($M) | ▲ | $17 | +0.97 | $16 |
| Cost of Funds (%) | ▲ | 0.50% | -0.12 | 0.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,645 | +430.04 | $3,215 |
| Gross Loans ($M) | ▲ | $2,456 | +73.33 | $2,383 |
| Loan Growth YoY (%) | ▼ | 78.67% | -8.25 | 86.91% |
| Total Deposits ($M) | ▲ | $3,079 | +376.86 | $2,703 |
| Shareholders Equity ($M) | ▲ | $501 | +38.57 | $462 |
| Tang. Book Value ($M) | ▲ | $336 | +30.49 | $306 |
| TBV excl. AOCI ($M)** | ▲ | $349 | +37.93 | $311 |
| Loan / Deposit Ratio (%) | ▼ | 78.67% | -8.25 | 86.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.49% | -0.15 | 0.63% |
| Allowance / Loans (%) | — | 1.37% | -0.05% | 1.42% |
| Net Charge-Off Ratio (%) | ▲ | 0.72% | -0.12 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.73% | +0.70 | 14.03% |
Noninterest income ($12.21M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▄▅▇▆ | Net Interest Margin (%) | 4.45% | 4.47% | 4.46% | 4.29% | 4.36% | 4.40% | 4.44% | 4.40% |
| ███▃▆▆▆▁ | Return on Assets (%) | 1.58% | 1.59% | 1.59% | 1.51% | 1.55% | 1.55% | 1.55% | 1.48% |
| ▁▁▁▅▆▇██ | Efficiency Ratio (%) | 57.7% | 57.4% | 57.4% | 59.5% | 59.6% | 60.3% | 60.8% | 60.9% |
| ▆█▆▅▅▄▁▁ | Cost of Funds (%) | 0.64% | 0.72% | 0.65% | 0.62% | 0.62% | 0.58% | 0.50% | 0.50% |
| ████▇▄▁▂ | NPA / Assets (%) | 0.62% | 0.64% | 0.64% | 0.63% | 0.60% | 0.53% | 0.44% | 0.49% |
| ▇███▇▄▁▄ | Net Charge-Off Ratio (%) | 0.80% | 0.82% | 0.83% | 0.84% | 0.79% | 0.71% | 0.61% | 0.72% |
| ▁▂▁▁▂▂▂█ | Tang. Book Value ($M) | $301 | $306 | $304 | $306 | $307 | $308 | $310 | $336 |
| █▇▆▄▂▁▁█ | Gross Loans ($M) | $2,473 | $2,444 | $2,416 | $2,383 | $2,353 | $2,331 | $2,315 | $2,456 |
| ▁▁▁▁▁▁▂█ | Total Deposits ($M) | $2,711 | $2,666 | $2,695 | $2,703 | $2,659 | $2,661 | $2,722 | $3,079 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 1% |