Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.65% | +0.93 | 0.73% |
| Return on Equity (%) | ▲ | 12.35% | +5.96 | 6.39% |
| Net Interest Margin (%) | ▲ | 4.24% | +0.62 | 3.62% |
| Efficiency Ratio (%) | ▲ | 50.25% | -6.86 | 57.11% |
| Pre-Provision Profit ($M) | ▲ | $46 | +12.11 | $34 |
| Cost of Funds (%) | ▲ | 1.25% | -0.08 | 1.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $8,371 | -39.69 | $8,411 |
| Gross Loans ($M) | ▲ | $5,865 | +211.64 | $5,653 |
| Loan Growth YoY (%) | ▲ | 82.13% | +4.58 | 77.55% |
| Total Deposits ($M) | ▼ | $7,045 | -147.53 | $7,193 |
| Shareholders Equity ($M) | ▲ | $1,124 | +91.20 | $1,033 |
| Tang. Book Value ($M) | ▲ | $713 | +102.24 | $611 |
| TBV excl. AOCI ($M)** | ▲ | $796 | +107.46 | $689 |
| Loan / Deposit Ratio (%) | ▲ | 82.13% | +4.58 | 77.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.35% | +0.13 | 0.22% |
| Allowance / Loans (%) | — | 1.34% | 0.01% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 0.50% | +0.18 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.11% | +0.55 | 12.56% |
Noninterest income ($17.21M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆▇█ | Net Interest Margin (%) | 3.35% | 3.42% | 3.48% | 3.62% | 3.83% | 3.94% | 4.02% | 4.24% |
| ▆▆▇▁▄▆▇█ | Return on Assets (%) | 1.38% | 1.42% | 1.47% | 0.73% | 1.17% | 1.35% | 1.46% | 1.65% |
| ▁▂▃█▆▅▄▄ | Efficiency Ratio (%) | 44.4% | 46.9% | 47.9% | 57.1% | 53.3% | 51.6% | 50.6% | 50.3% |
| ██▇▃▇▆▄▁ | Cost of Funds (%) | 1.57% | 1.56% | 1.53% | 1.33% | 1.53% | 1.45% | 1.39% | 1.25% |
| ▁▂▃▄▇▆██ | NPA / Assets (%) | 0.12% | 0.16% | 0.18% | 0.22% | 0.30% | 0.28% | 0.35% | 0.35% |
| ▁▂▃▄▇▆██ | Net Charge-Off Ratio (%) | 0.18% | 0.24% | 0.27% | 0.33% | 0.44% | 0.41% | 0.50% | 0.50% |
| ▁▃▁▅▆███ | Tang. Book Value ($M) | $465 | $531 | $492 | $611 | $648 | $689 | $706 | $713 |
| ▁▁▁▇████ | Gross Loans ($M) | $4,053 | $4,070 | $4,133 | $5,653 | $5,753 | $5,789 | $5,883 | $5,865 |
| ▁▁▁█████ | Total Deposits ($M) | $5,409 | $5,357 | $5,427 | $7,193 | $7,034 | $7,085 | $7,048 | $7,045 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 6% |