Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.52% | +0.37 | 0.14% |
| Return on Equity (%) | ▲ | 3.30% | +2.41 | 0.89% |
| Net Interest Margin (%) | ▼ | 6.09% | -0.38 | 6.47% |
| Efficiency Ratio (%) | ▲ | 88.42% | -5.25 | 93.67% |
| Pre-Provision Profit ($M) | ▲ | $10 | +5.85 | $4 |
| Cost of Funds (%) | ▲ | 0.88% | -0.16 | 1.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,873 | +608.48 | $6,265 |
| Gross Loans ($M) | ▲ | $5,192 | +522.46 | $4,669 |
| Loan Growth YoY (%) | ▼ | 90.19% | -2.69 | 92.88% |
| Total Deposits ($M) | ▲ | $5,719 | +730.51 | $4,988 |
| Shareholders Equity ($M) | ▲ | $1,039 | +47.36 | $992 |
| Tang. Book Value ($M) | ▼ | $639 | -97.34 | $736 |
| TBV excl. AOCI ($M)** | ▼ | $656 | -100.96 | $757 |
| Loan / Deposit Ratio (%) | ▼ | 90.19% | -2.69 | 92.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.48% | -0.09 | 1.57% |
| Allowance / Loans (%) | — | 0.66% | -0.12% | 0.78% |
| Net Charge-Off Ratio (%) | ▲ | 1.77% | -0.34 | 2.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.54% | -2.46 | 14.00% |
Noninterest income ($19.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▃▃▃▄▁ | Net Interest Margin (%) | 7.40% | 7.34% | 7.27% | 6.47% | 6.55% | 6.57% | 6.60% | 6.09% |
| ▆▇▇▁▃▃██ | Return on Assets (%) | 0.43% | 0.48% | 0.47% | 0.14% | 0.28% | 0.26% | 0.53% | 0.52% |
| ▁▁▁█▆▆▂▄ | Efficiency Ratio (%) | 85.5% | 84.9% | 84.8% | 93.7% | 90.8% | 90.5% | 86.7% | 88.4% |
| ▇▇▄▄▇█▇▁ | Cost of Funds (%) | 1.16% | 1.16% | 1.04% | 1.04% | 1.16% | 1.22% | 1.17% | 0.88% |
| ▄██▅▂▁▁▄ | NPA / Assets (%) | 1.48% | 1.98% | 1.93% | 1.57% | 1.25% | 1.07% | 1.08% | 1.48% |
| ▅██▅▃▁▁▄ | Net Charge-Off Ratio (%) | 2.00% | 2.67% | 2.52% | 2.11% | 1.59% | 1.36% | 1.18% | 1.77% |
| ██▇█▁▁▃▃ | Tang. Book Value ($M) | $733 | $751 | $729 | $736 | $596 | $607 | $635 | $639 |
| ▁▁▃▄▆▇▇█ | Gross Loans ($M) | $4,289 | $4,333 | $4,548 | $4,669 | $4,959 | $4,997 | $4,992 | $5,192 |
| ▁▂▃▄▅▄▄█ | Total Deposits ($M) | $4,427 | $4,740 | $4,834 | $4,988 | $5,202 | $4,968 | $4,961 | $5,719 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 22% |
| C&I / Commercial | 54% |
| Agricultural | 1% |
| Other | 23% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 54% |
| Interest-Bearing (core) | 36% |
| Brokered / Other | 10% |