Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.40% | +0.16 | 1.24% |
| Return on Equity (%) | ▲ | 12.21% | +0.63 | 11.58% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.22 | 3.50% |
| Efficiency Ratio (%) | ▲ | 65.25% | -2.08 | 67.33% |
| Pre-Provision Profit ($M) | ▲ | $14 | +2.17 | $12 |
| Cost of Funds (%) | ▲ | 0.88% | -0.20 | 1.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,073 | +173.95 | $3,899 |
| Gross Loans ($M) | ▼ | $2,205 | -66.48 | $2,271 |
| Loan Growth YoY (%) | ▼ | 60.91% | -4.43 | 65.34% |
| Total Deposits ($M) | ▲ | $3,577 | +142.31 | $3,435 |
| Shareholders Equity ($M) | ▲ | $469 | +38.88 | $430 |
| Tang. Book Value ($M) | ▲ | $390 | +40.23 | $350 |
| TBV excl. AOCI ($M)** | ▲ | $453 | +42.98 | $410 |
| Loan / Deposit Ratio (%) | ▼ | 60.91% | -4.43 | 65.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.71% | +0.31 | 0.40% |
| Allowance / Loans (%) | — | 1.16% | -0.01% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 1.28% | +0.61 | 0.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.35% | +1.10 | 15.25% |
Noninterest income ($6.85M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▇▇█ | Net Interest Margin (%) | 3.01% | 3.03% | 3.17% | 3.50% | 3.54% | 3.60% | 3.62% | 3.72% |
| ▁▁▃▅▆▇▇█ | Return on Assets (%) | 0.99% | 1.01% | 1.09% | 1.24% | 1.25% | 1.31% | 1.32% | 1.40% |
| ██▆▄▄▃▂▁ | Efficiency Ratio (%) | 70.0% | 69.5% | 68.3% | 67.3% | 67.3% | 66.5% | 66.3% | 65.2% |
| ██▇▄▄▅▁▁ | Cost of Funds (%) | 1.37% | 1.34% | 1.28% | 1.09% | 1.09% | 1.13% | 0.94% | 0.88% |
| ▁▁▁▃▃▂██ | NPA / Assets (%) | 0.28% | 0.27% | 0.27% | 0.40% | 0.39% | 0.37% | 0.66% | 0.71% |
| ▁▁▁▃▃▂▇█ | Net Charge-Off Ratio (%) | 0.48% | 0.49% | 0.45% | 0.67% | 0.66% | 0.61% | 1.16% | 1.28% |
| ▁▄▂▅▆▇██ | Tang. Book Value ($M) | $304 | $343 | $323 | $350 | $358 | $370 | $385 | $390 |
| █▇▅▅█▇▄▁ | Gross Loans ($M) | $2,313 | $2,287 | $2,270 | $2,271 | $2,309 | $2,292 | $2,251 | $2,205 |
| ▁▃▅▅▇▄██ | Total Deposits ($M) | $3,264 | $3,369 | $3,438 | $3,435 | $3,502 | $3,410 | $3,566 | $3,577 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 5% |
| Agricultural | 3% |
| Consumer | 8% |
| Other | 28% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 4% |