Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.89% | +0.43 | 0.47% |
| Return on Equity (%) | ▲ | 10.90% | +4.31 | 6.59% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.63 | 3.04% |
| Efficiency Ratio (%) | ▲ | 53.23% | -8.75 | 61.98% |
| Pre-Provision Profit ($M) | ▲ | $25 | +8.70 | $16 |
| Cost of Funds (%) | ▲ | 0.95% | -0.33 | 1.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,251 | +336.74 | $4,915 |
| Gross Loans ($M) | ▲ | $3,477 | +246.19 | $3,231 |
| Loan Growth YoY (%) | ▲ | 72.08% | +0.59 | 71.50% |
| Total Deposits ($M) | ▲ | $4,773 | +301.81 | $4,471 |
| Shareholders Equity ($M) | ▲ | $432 | +66.89 | $365 |
| Tang. Book Value ($M) | ▲ | $397 | +65.91 | $331 |
| TBV excl. AOCI ($M)** | ▲ | $464 | +67.98 | $396 |
| Loan / Deposit Ratio (%) | ▲ | 72.08% | +0.59 | 71.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.03 | 0.11% |
| Allowance / Loans (%) | — | 1.05% | -0.00% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.05 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.12% | -0.11 | 13.23% |
Noninterest income ($7.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.68% | 2.69% | 2.74% | 3.04% | 3.17% | 3.24% | 3.33% | 3.67% |
| ▆▇█▁▅▄▇▅ | Return on Assets (%) | 1.08% | 1.13% | 1.30% | 0.47% | 0.95% | 0.87% | 1.19% | 0.89% |
| ██▇▅▄▃▂▁ | Efficiency Ratio (%) | 67.5% | 66.6% | 65.2% | 62.0% | 60.1% | 58.2% | 56.6% | 53.2% |
| ██▇▅▄▄▂▁ | Cost of Funds (%) | 1.45% | 1.48% | 1.40% | 1.28% | 1.17% | 1.16% | 1.06% | 0.95% |
| █▇▆▅▃▃▁▁ | NPA / Assets (%) | 0.14% | 0.13% | 0.12% | 0.11% | 0.10% | 0.10% | 0.08% | 0.08% |
| ██▆▅▃▃▁▁ | Net Charge-Off Ratio (%) | 0.21% | 0.20% | 0.18% | 0.17% | 0.14% | 0.15% | 0.13% | 0.12% |
| ▁▄▃▄▆███ | Tang. Book Value ($M) | $274 | $327 | $305 | $331 | $358 | $386 | $390 | $397 |
| ▁▁▂▁▄▅▇█ | Gross Loans ($M) | $3,199 | $3,205 | $3,261 | $3,231 | $3,324 | $3,362 | $3,428 | $3,477 |
| ▁▃▄▄▄▇▇█ | Total Deposits ($M) | $4,186 | $4,385 | $4,460 | $4,471 | $4,478 | $4,663 | $4,695 | $4,773 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 7% |