Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.63% | +0.32 | 1.31% |
| Return on Equity (%) | ▲ | 15.04% | +2.04 | 13.00% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.10 | 3.36% |
| Efficiency Ratio (%) | ▲ | 46.34% | -1.00 | 47.33% |
| Pre-Provision Profit ($M) | ▲ | $37 | +3.88 | $34 |
| Cost of Funds (%) | ▲ | 1.98% | -0.21 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,078 | +231.05 | $6,847 |
| Gross Loans ($M) | ▲ | $5,474 | +249.93 | $5,225 |
| Loan Growth YoY (%) | ▲ | 87.30% | +1.24 | 86.06% |
| Total Deposits ($M) | ▲ | $6,192 | +228.18 | $5,964 |
| Shareholders Equity ($M) | ▲ | $759 | +71.19 | $688 |
| Tang. Book Value ($M) | ▲ | $752 | +71.46 | $681 |
| TBV excl. AOCI ($M)** | ▲ | $811 | +72.84 | $738 |
| Loan / Deposit Ratio (%) | ▲ | 87.30% | +1.24 | 86.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.30% | -0.55 | 0.84% |
| Allowance / Loans (%) | — | 1.26% | -0.51% | 1.77% |
| Net Charge-Off Ratio (%) | ▲ | 0.38% | -0.72 | 1.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.63% | +0.22 | 14.41% |
Noninterest income ($12.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 3.14% | 3.16% | 3.20% | 3.36% | 3.40% | 3.43% | 3.45% | 3.46% |
| ▄▄▅▁▄▆██ | Return on Assets (%) | 1.45% | 1.46% | 1.48% | 1.31% | 1.45% | 1.54% | 1.61% | 1.63% |
| ██▆▇▃▂▁▄ | Efficiency Ratio (%) | 47.8% | 47.6% | 47.1% | 47.3% | 46.1% | 45.8% | 45.3% | 46.3% |
| ██▆▃▃▃▂▁ | Cost of Funds (%) | 2.77% | 2.75% | 2.50% | 2.20% | 2.27% | 2.25% | 2.11% | 1.98% |
| ████▃▁▁▁ | NPA / Assets (%) | 0.88% | 0.87% | 0.85% | 0.84% | 0.44% | 0.28% | 0.30% | 0.30% |
| ████▃▁▁▁ | Net Charge-Off Ratio (%) | 1.13% | 1.13% | 1.10% | 1.10% | 0.59% | 0.36% | 0.39% | 0.38% |
| ▁▃▂▃▄▇██ | Tang. Book Value ($M) | $643 | $688 | $669 | $681 | $700 | $735 | $763 | $752 |
| ▁▁▂▄▄▄▇█ | Gross Loans ($M) | $5,053 | $5,085 | $5,120 | $5,225 | $5,228 | $5,249 | $5,378 | $5,474 |
| ▁▂▃▄█▅▄█ | Total Deposits ($M) | $5,767 | $5,841 | $5,907 | $5,964 | $6,179 | $6,028 | $5,974 | $6,192 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 29% |
| Agricultural | 4% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |