Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.24% | +0.11 | 1.14% |
| Return on Equity (%) | ▼ | 12.12% | -0.56 | 12.68% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.37 | 3.16% |
| Efficiency Ratio (%) | ▲ | 58.60% | -2.93 | 61.53% |
| Pre-Provision Profit ($M) | ▲ | $17 | +3.90 | $13 |
| Cost of Funds (%) | ▲ | 1.81% | -0.12 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,884 | +391.69 | $3,493 |
| Gross Loans ($M) | ▲ | $2,679 | +366.33 | $2,313 |
| Loan Growth YoY (%) | ▲ | 77.77% | +4.03 | 73.75% |
| Total Deposits ($M) | ▲ | $3,405 | +305.70 | $3,099 |
| Shareholders Equity ($M) | ▲ | $398 | +80.73 | $317 |
| Tang. Book Value ($M) | ▲ | $342 | +65.75 | $276 |
| TBV excl. AOCI ($M)** | ▲ | $383 | +66.80 | $316 |
| Loan / Deposit Ratio (%) | ▲ | 77.77% | +4.03 | 73.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.70% | -0.30 | 1.00% |
| Allowance / Loans (%) | — | 1.16% | -0.02% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 0.99% | -0.44 | 1.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.88% | +0.25 | 11.63% |
Noninterest income ($9.82M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▆▇█ | Net Interest Margin (%) | 2.94% | 2.97% | 3.02% | 3.16% | 3.31% | 3.36% | 3.43% | 3.53% |
| █▃▁▃▆▆▂█ | Return on Assets (%) | 1.23% | 1.15% | 1.09% | 1.14% | 1.19% | 1.20% | 1.12% | 1.24% |
| ▁▅▆█▃▁▂▁ | Efficiency Ratio (%) | 58.9% | 60.2% | 60.7% | 61.5% | 59.5% | 58.9% | 59.1% | 58.6% |
| ▅▆▄▂▃▃█▁ | Cost of Funds (%) | 2.11% | 2.20% | 2.04% | 1.92% | 1.96% | 1.96% | 2.34% | 1.81% |
| ▁▇▅██▇▂▂ | NPA / Assets (%) | 0.62% | 0.91% | 0.85% | 1.00% | 0.96% | 0.93% | 0.67% | 0.70% |
| ▁▅▅█▇▅▂▃ | Net Charge-Off Ratio (%) | 0.75% | 1.16% | 1.15% | 1.43% | 1.29% | 1.16% | 0.90% | 0.99% |
| ▁▂▂▃▄▅██ | Tang. Book Value ($M) | $240 | $265 | $260 | $276 | $288 | $303 | $338 | $342 |
| ▁▂▂▂▃▅██ | Gross Loans ($M) | $2,199 | $2,272 | $2,325 | $2,313 | $2,395 | $2,477 | $2,740 | $2,679 |
| ▁▁▃▄▂▂██ | Total Deposits ($M) | $2,856 | $2,843 | $3,014 | $3,099 | $2,973 | $2,982 | $3,357 | $3,405 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 59% |
| C&I / Commercial | 12% |
| Agricultural | 13% |
| Consumer | 15% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 14% |