Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.28 | 0.57% |
| Return on Equity (%) | ▲ | 7.56% | +1.96 | 5.60% |
| Net Interest Margin (%) | ▲ | 3.11% | +0.47 | 2.64% |
| Efficiency Ratio (%) | ▲ | 76.85% | -6.80 | 83.66% |
| Pre-Provision Profit ($M) | ▲ | $9 | +4.69 | $5 |
| Cost of Funds (%) | ▲ | 1.72% | -0.44 | 2.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,236 | +1238.74 | $2,998 |
| Gross Loans ($M) | ▲ | $3,163 | +1064.07 | $2,099 |
| Loan Growth YoY (%) | ▲ | 86.58% | +4.43 | 82.15% |
| Total Deposits ($M) | ▲ | $3,614 | +1084.57 | $2,529 |
| Shareholders Equity ($M) | ▲ | $492 | +182.71 | $309 |
| Tang. Book Value ($M) | ▲ | $374 | +108.74 | $265 |
| TBV excl. AOCI ($M)** | ▲ | $403 | +106.13 | $297 |
| Loan / Deposit Ratio (%) | ▲ | 86.58% | +4.43 | 82.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.03 | 0.15% |
| Allowance / Loans (%) | — | 1.07% | 0.08% | 0.99% |
| Net Charge-Off Ratio (%) | ▼ | 0.25% | +0.04 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.90% | -1.37 | 12.27% |
Noninterest income ($12.45M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▆▇█ | Net Interest Margin (%) | 2.52% | 2.51% | 2.53% | 2.64% | 2.79% | 2.92% | 3.02% | 3.11% |
| ▁▁▁▁█▆▅▂ | Return on Assets (%) | 0.61% | 0.57% | 0.59% | 0.57% | 2.55% | 2.02% | 1.65% | 0.85% |
| ████▁▂▃▇ | Efficiency Ratio (%) | 83.1% | 84.3% | 83.6% | 83.7% | 53.7% | 59.2% | 63.8% | 76.9% |
| ▆█▇▆▃▂▁▁ | Cost of Funds (%) | 2.19% | 2.40% | 2.26% | 2.16% | 1.97% | 1.85% | 1.77% | 1.72% |
| ▁▁▁▁▁▆█▃ | NPA / Assets (%) | 0.15% | 0.16% | 0.16% | 0.15% | 0.15% | 0.23% | 0.25% | 0.19% |
| ▁▁▁▁▁▇█▃ | Net Charge-Off Ratio (%) | 0.21% | 0.22% | 0.22% | 0.21% | 0.22% | 0.32% | 0.35% | 0.25% |
| ▁▁▁▁▃▃▃█ | Tang. Book Value ($M) | $263 | $268 | $265 | $265 | $294 | $303 | $304 | $374 |
| ▁▁▁▁▁▁▁█ | Gross Loans ($M) | $2,072 | $2,087 | $2,082 | $2,099 | $2,149 | $2,170 | $2,157 | $3,163 |
| ▁▁▁▁▁▁▁█ | Total Deposits ($M) | $2,528 | $2,513 | $2,580 | $2,529 | $2,527 | $2,500 | $2,503 | $3,614 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 32% |
| Agricultural | 2% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 23% |