Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.08% | -0.54 | 1.62% |
| Return on Equity (%) | ▼ | 8.47% | -4.58 | 13.05% |
| Net Interest Margin (%) | ▼ | 4.12% | -0.07 | 4.19% |
| Efficiency Ratio (%) | ▼ | 70.15% | +19.15 | 51.00% |
| Pre-Provision Profit ($M) | ▼ | $20 | -8.81 | $28 |
| Cost of Funds (%) | ▲ | 0.85% | -0.18 | 1.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,770 | +1680.40 | $5,089 |
| Gross Loans ($M) | ▲ | $4,690 | +1225.70 | $3,464 |
| Loan Growth YoY (%) | ▲ | 79.38% | +1.57 | 77.81% |
| Total Deposits ($M) | ▲ | $5,832 | +1433.66 | $4,399 |
| Shareholders Equity ($M) | ▲ | $854 | +213.93 | $640 |
| Tang. Book Value ($M) | ▲ | $706 | +160.86 | $545 |
| TBV excl. AOCI ($M)** | ▲ | $780 | +175.03 | $605 |
| Loan / Deposit Ratio (%) | ▲ | 79.38% | +1.57 | 77.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.10 | 0.11% |
| Allowance / Loans (%) | — | 1.29% | 0.07% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.28% | +0.13 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.44% | -0.94 | 15.38% |
Noninterest income ($11.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▇██▂ | Net Interest Margin (%) | 4.07% | 4.11% | 4.11% | 4.19% | 4.25% | 4.27% | 4.27% | 4.12% |
| ▆▆▇████▁ | Return on Assets (%) | 1.46% | 1.50% | 1.57% | 1.62% | 1.65% | 1.68% | 1.67% | 1.08% |
| ▁▁▁▁▁▁▁█ | Efficiency Ratio (%) | 50.6% | 50.8% | 50.1% | 51.0% | 50.5% | 50.1% | 50.1% | 70.2% |
| ▇█▇▅▅▅▅▁ | Cost of Funds (%) | 1.15% | 1.19% | 1.11% | 1.03% | 1.03% | 1.04% | 1.02% | 0.85% |
| ▆▅▅▁▂▅▅█ | NPA / Assets (%) | 0.17% | 0.17% | 0.16% | 0.11% | 0.13% | 0.17% | 0.17% | 0.21% |
| ▇▆▅▁▂▅▅█ | Net Charge-Off Ratio (%) | 0.25% | 0.24% | 0.22% | 0.15% | 0.17% | 0.22% | 0.22% | 0.28% |
| ▁▂▂▃▃▃▃█ | Tang. Book Value ($M) | $487 | $517 | $522 | $545 | $543 | $546 | $562 | $706 |
| ▁▁▁▁▁▁▁█ | Gross Loans ($M) | $3,386 | $3,373 | $3,468 | $3,464 | $3,351 | $3,401 | $3,457 | $4,690 |
| ▁▁▁▁▁▁▁█ | Total Deposits ($M) | $4,335 | $4,299 | $4,334 | $4,399 | $4,342 | $4,358 | $4,371 | $5,832 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 11% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 6% |