Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.73% | +0.01 | 1.72% |
| Return on Equity (%) | ▼ | 14.36% | -0.64 | 15.00% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.14 | 3.59% |
| Efficiency Ratio (%) | ▲ | 48.98% | -1.66 | 50.64% |
| Pre-Provision Profit ($M) | ▲ | $27 | +3.01 | $24 |
| Cost of Funds (%) | ▲ | 1.53% | -0.09 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,512 | +298.24 | $4,214 |
| Gross Loans ($M) | ▲ | $3,417 | +264.55 | $3,153 |
| Loan Growth YoY (%) | ▲ | 89.24% | +1.29 | 87.95% |
| Total Deposits ($M) | ▲ | $3,789 | +238.71 | $3,550 |
| Shareholders Equity ($M) | ▲ | $541 | +56.11 | $485 |
| Tang. Book Value ($M) | ▲ | $464 | +56.70 | $407 |
| TBV excl. AOCI ($M)** | ▲ | $492 | +56.02 | $436 |
| Loan / Deposit Ratio (%) | ▲ | 89.24% | +1.29 | 87.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.81% | +0.50 | 0.31% |
| Allowance / Loans (%) | — | 1.04% | 0.10% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 1.03% | +0.64 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.77% | +0.25 | 13.53% |
Noninterest income ($15.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▆██▇ | Net Interest Margin (%) | 3.40% | 3.47% | 3.51% | 3.59% | 3.72% | 3.79% | 3.83% | 3.73% |
| ▁▂▃▇████ | Return on Assets (%) | 1.51% | 1.55% | 1.58% | 1.72% | 1.75% | 1.76% | 1.74% | 1.73% |
| ██▇▃▃▃▃▁ | Efficiency Ratio (%) | 55.6% | 55.1% | 54.4% | 50.6% | 51.1% | 51.1% | 51.0% | 49.0% |
| ▆█▅▅▂▄▁▁ | Cost of Funds (%) | 1.65% | 1.70% | 1.62% | 1.62% | 1.57% | 1.61% | 1.55% | 1.53% |
| ▁▁▁▁▂▃▃█ | NPA / Assets (%) | 0.36% | 0.35% | 0.32% | 0.31% | 0.41% | 0.47% | 0.45% | 0.81% |
| ▁▁▁▁▃▃▃█ | Net Charge-Off Ratio (%) | 0.37% | 0.36% | 0.31% | 0.39% | 0.51% | 0.58% | 0.58% | 1.03% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $371 | $400 | $404 | $407 | $420 | $443 | $465 | $464 |
| ▁▁▃▄▅▆▇█ | Gross Loans ($M) | $2,990 | $3,026 | $3,124 | $3,153 | $3,219 | $3,309 | $3,359 | $3,417 |
| ▁▁▄▄▄▅██ | Total Deposits ($M) | $3,396 | $3,383 | $3,554 | $3,550 | $3,567 | $3,601 | $3,750 | $3,789 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 9% |