Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.28% | +0.32 | 0.96% |
| Return on Equity (%) | ▲ | 16.25% | +2.54 | 13.71% |
| Net Interest Margin (%) | ▲ | 3.97% | +0.70 | 3.27% |
| Efficiency Ratio (%) | ▲ | 61.33% | -7.78 | 69.10% |
| Pre-Provision Profit ($M) | ▲ | $12 | +4.30 | $7 |
| Cost of Funds (%) | ▲ | 1.83% | -0.23 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,713 | +239.26 | $2,473 |
| Gross Loans ($M) | ▲ | $2,018 | +368.29 | $1,649 |
| Loan Growth YoY (%) | ▲ | 81.19% | +9.89 | 71.30% |
| Total Deposits ($M) | ▲ | $2,458 | +169.19 | $2,289 |
| Shareholders Equity ($M) | ▲ | $217 | +46.80 | $171 |
| Tang. Book Value ($M) | ▲ | $201 | +47.05 | $154 |
| TBV excl. AOCI ($M)** | ▲ | $227 | +43.39 | $184 |
| Loan / Deposit Ratio (%) | ▲ | 81.19% | +9.89 | 71.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.05 | 0.21% |
| Allowance / Loans (%) | — | 1.08% | 0.03% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.08 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.69% | -0.63 | 14.32% |
Noninterest income ($5.50M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▆▇█ | Net Interest Margin (%) | 2.59% | 2.68% | 2.79% | 3.27% | 3.50% | 3.63% | 3.70% | 3.97% |
| ▁▂▂▄▆█▇▇ | Return on Assets (%) | 0.61% | 0.75% | 0.78% | 0.96% | 1.13% | 1.37% | 1.25% | 1.28% |
| █▇▇▄▃▁▁▁ | Efficiency Ratio (%) | 77.9% | 74.7% | 74.5% | 69.1% | 65.8% | 61.0% | 62.4% | 61.3% |
| ██▅▄▃▂▁▁ | Cost of Funds (%) | 2.34% | 2.35% | 2.14% | 2.06% | 2.00% | 1.91% | 1.81% | 1.83% |
| ▅▂█▁▂▂▃▂ | NPA / Assets (%) | 0.32% | 0.25% | 0.40% | 0.21% | 0.25% | 0.23% | 0.28% | 0.26% |
| ▇▄█▁▄▂▄▃ | Net Charge-Off Ratio (%) | 0.45% | 0.34% | 0.50% | 0.20% | 0.32% | 0.27% | 0.34% | 0.27% |
| ▁▄▂▁▁▅▇█ | Tang. Book Value ($M) | $152 | $170 | $161 | $154 | $149 | $179 | $189 | $201 |
| ▁▁▁▂▄▅▇█ | Gross Loans ($M) | $1,553 | $1,566 | $1,606 | $1,649 | $1,734 | $1,815 | $1,943 | $2,018 |
| ▂▁▃▃▃▄▇█ | Total Deposits ($M) | $2,262 | $2,227 | $2,299 | $2,289 | $2,291 | $2,318 | $2,422 | $2,458 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 5% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 10% |