Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.46% | +0.17 | 1.29% |
| Return on Equity (%) | ▲ | 14.29% | +1.61 | 12.68% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.10 | 4.00% |
| Efficiency Ratio (%) | ▲ | 61.02% | -2.88 | 63.89% |
| Pre-Provision Profit ($M) | ▲ | $21 | +3.17 | $18 |
| Cost of Funds (%) | ▲ | 1.63% | -0.18 | 1.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,644 | +240.81 | $4,403 |
| Gross Loans ($M) | ▲ | $3,121 | +30.94 | $3,090 |
| Loan Growth YoY (%) | ▼ | 74.72% | -3.42 | 78.15% |
| Total Deposits ($M) | ▲ | $4,116 | +217.62 | $3,899 |
| Shareholders Equity ($M) | ▲ | $468 | +28.30 | $440 |
| Tang. Book Value ($M) | ▲ | $423 | +29.15 | $394 |
| TBV excl. AOCI ($M)** | ▲ | $454 | +30.72 | $423 |
| Loan / Deposit Ratio (%) | ▼ | 74.72% | -3.42 | 78.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.03 | 0.16% |
| Allowance / Loans (%) | — | 1.44% | 0.05% | 1.39% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.05 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.79% | +0.30 | 13.49% |
Noninterest income ($11.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄███▆ | Net Interest Margin (%) | 3.82% | 3.85% | 3.91% | 4.00% | 4.18% | 4.23% | 4.23% | 4.10% |
| ▁▁▄▃▆███ | Return on Assets (%) | 1.21% | 1.21% | 1.34% | 1.29% | 1.39% | 1.47% | 1.47% | 1.46% |
| ██▄█▃▁▁▃ | Efficiency Ratio (%) | 63.8% | 64.3% | 61.8% | 63.9% | 61.0% | 60.1% | 59.6% | 61.0% |
| ██▇▄▄▃▃▁ | Cost of Funds (%) | 2.05% | 2.09% | 2.00% | 1.80% | 1.84% | 1.78% | 1.75% | 1.63% |
| ███▁▃▃▃▁ | NPA / Assets (%) | 0.57% | 0.58% | 0.58% | 0.16% | 0.25% | 0.25% | 0.26% | 0.13% |
| ███▁▃▂▂▁ | Net Charge-Off Ratio (%) | 0.75% | 0.81% | 0.78% | 0.21% | 0.34% | 0.32% | 0.32% | 0.16% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $379 | $401 | $390 | $394 | $398 | $413 | $421 | $423 |
| ▅▁▃▄▆▂█▆ | Gross Loans ($M) | $3,111 | $3,049 | $3,076 | $3,090 | $3,116 | $3,067 | $3,154 | $3,121 |
| ▁▂▁▄▃▅▅█ | Total Deposits ($M) | $3,720 | $3,819 | $3,726 | $3,899 | $3,852 | $3,952 | $3,954 | $4,116 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 13% |
| Agricultural | 2% |
| Consumer | 10% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 10% |