Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.39% | +0.25 | 1.14% |
| Return on Equity (%) | ▲ | 10.09% | +1.73 | 8.36% |
| Net Interest Margin (%) | ▲ | 4.11% | +0.28 | 3.84% |
| Efficiency Ratio (%) | ▲ | 53.59% | -4.33 | 57.93% |
| Pre-Provision Profit ($M) | ▲ | $50 | +8.01 | $42 |
| Cost of Funds (%) | ▲ | 1.04% | -0.17 | 1.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,946 | +130.95 | $9,816 |
| Gross Loans ($M) | ▲ | $7,072 | +249.58 | $6,823 |
| Loan Growth YoY (%) | ▲ | 82.59% | +1.06 | 81.53% |
| Total Deposits ($M) | ▲ | $8,409 | +197.41 | $8,211 |
| Shareholders Equity ($M) | ▲ | $1,359 | +11.47 | $1,348 |
| Tang. Book Value ($M) | ▲ | $1,044 | +13.43 | $1,031 |
| TBV excl. AOCI ($M)** | ▲ | $1,137 | +8.04 | $1,129 |
| Loan / Deposit Ratio (%) | ▲ | 82.59% | +1.06 | 81.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.77% | +0.18 | 0.59% |
| Allowance / Loans (%) | — | 1.81% | -0.07% | 1.88% |
| Net Charge-Off Ratio (%) | ▼ | 0.98% | +0.18 | 0.80% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.75% | -0.73 | 14.48% |
Noninterest income ($17.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▅▆█ | Net Interest Margin (%) | 3.79% | 3.79% | 3.83% | 3.84% | 3.90% | 3.96% | 4.02% | 4.11% |
| ▃▃▄▁▁▃▅█ | Return on Assets (%) | 1.22% | 1.23% | 1.23% | 1.14% | 1.16% | 1.22% | 1.27% | 1.39% |
| ▅▆▆██▆▅▁ | Efficiency Ratio (%) | 56.1% | 56.6% | 56.8% | 57.9% | 57.6% | 56.7% | 55.9% | 53.6% |
| ██▆▅▃▄▂▁ | Cost of Funds (%) | 1.36% | 1.34% | 1.28% | 1.22% | 1.13% | 1.18% | 1.11% | 1.04% |
| ▁▂▃▅▇█▇█ | NPA / Assets (%) | 0.36% | 0.45% | 0.48% | 0.59% | 0.68% | 0.72% | 0.72% | 0.77% |
| ▁▃▃▆██▇█ | Net Charge-Off Ratio (%) | 0.49% | 0.62% | 0.65% | 0.80% | 0.93% | 0.94% | 0.90% | 0.98% |
| ▁▆▄▇█▆██ | Tang. Book Value ($M) | $944 | $1,011 | $991 | $1,031 | $1,042 | $1,021 | $1,047 | $1,044 |
| ▂▁▂▃▆▇██ | Gross Loans ($M) | $6,743 | $6,686 | $6,769 | $6,823 | $6,961 | $7,010 | $7,114 | $7,072 |
| ▁▁▂▄█▇▅█ | Total Deposits ($M) | $8,062 | $8,047 | $8,100 | $8,211 | $8,385 | $8,340 | $8,270 | $8,409 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 6% |