Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.63% | +0.16 | 1.46% |
| Return on Equity (%) | ▼ | 14.24% | -0.39 | 14.63% |
| Net Interest Margin (%) | ▲ | 3.98% | +0.27 | 3.71% |
| Efficiency Ratio (%) | ▲ | 55.63% | -2.32 | 57.95% |
| Pre-Provision Profit ($M) | ▲ | $18 | +2.69 | $15 |
| Cost of Funds (%) | ▲ | 1.39% | -0.14 | 1.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,688 | +98.09 | $3,590 |
| Gross Loans ($M) | ▲ | $2,503 | +16.22 | $2,487 |
| Loan Growth YoY (%) | ▼ | 78.69% | -1.36 | 80.04% |
| Total Deposits ($M) | ▲ | $3,139 | +72.72 | $3,066 |
| Shareholders Equity ($M) | ▲ | $426 | +58.31 | $368 |
| Tang. Book Value ($M) | ▲ | $281 | +59.26 | $222 |
| TBV excl. AOCI ($M)** | ▲ | $318 | +61.04 | $257 |
| Loan / Deposit Ratio (%) | ▼ | 78.69% | -1.36 | 80.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.98% | +0.39 | 0.59% |
| Allowance / Loans (%) | — | 1.32% | 0.01% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 1.14% | +0.28 | 0.86% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.61% | +1.54 | 12.08% |
Noninterest income ($7.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▇▇██ | Net Interest Margin (%) | 3.48% | 3.57% | 3.59% | 3.71% | 3.86% | 3.91% | 3.96% | 3.98% |
| ▁▂▂▅▅▃▅█ | Return on Assets (%) | 1.30% | 1.35% | 1.35% | 1.46% | 1.49% | 1.40% | 1.48% | 1.63% |
| █▆█▅▄▄▄▁ | Efficiency Ratio (%) | 59.8% | 58.7% | 59.3% | 57.9% | 57.3% | 57.4% | 57.2% | 55.6% |
| ▆█▇▄▄▄▂▁ | Cost of Funds (%) | 1.59% | 1.71% | 1.64% | 1.53% | 1.55% | 1.53% | 1.47% | 1.39% |
| ▁▁▄▄▄█▅▇ | NPA / Assets (%) | 0.16% | 0.12% | 0.53% | 0.59% | 0.58% | 1.14% | 0.69% | 0.98% |
| ▁▁▄▄▄█▅▆ | Net Charge-Off Ratio (%) | 0.21% | 0.17% | 0.76% | 0.86% | 0.82% | 1.63% | 1.01% | 1.14% |
| ▁▄▃▄▄▆██ | Tang. Book Value ($M) | $172 | $220 | $202 | $222 | $226 | $254 | $274 | $281 |
| ▁▄▇▄███▆ | Gross Loans ($M) | $2,449 | $2,481 | $2,511 | $2,487 | $2,526 | $2,524 | $2,518 | $2,503 |
| ▁▂▅▅▅▆██ | Total Deposits ($M) | $2,935 | $2,977 | $3,051 | $3,066 | $3,047 | $3,077 | $3,152 | $3,139 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 12% |
| Agricultural | 6% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 5% |