Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.44% | +0.11 | 1.33% |
| Return on Equity (%) | ▲ | 13.80% | +0.13 | 13.67% |
| Net Interest Margin (%) | ▲ | 3.69% | +0.20 | 3.49% |
| Efficiency Ratio (%) | ▲ | 51.18% | -2.31 | 53.49% |
| Pre-Provision Profit ($M) | ▲ | $25 | +3.21 | $21 |
| Cost of Funds (%) | ▲ | 2.16% | -0.28 | 2.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,091 | +165.20 | $4,926 |
| Gross Loans ($M) | ▲ | $4,323 | +299.29 | $4,024 |
| Loan Growth YoY (%) | ▲ | 97.98% | +5.21 | 92.77% |
| Total Deposits ($M) | ▲ | $4,356 | +77.07 | $4,279 |
| Shareholders Equity ($M) | ▲ | $532 | +48.00 | $484 |
| Tang. Book Value ($M) | ▲ | $509 | +51.34 | $458 |
| TBV excl. AOCI ($M)** | ▲ | $531 | +50.15 | $481 |
| Loan / Deposit Ratio (%) | ▲ | 97.98% | +5.21 | 92.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.63% | +0.15 | 0.48% |
| Allowance / Loans (%) | — | 1.29% | -0.07% | 1.37% |
| Net Charge-Off Ratio (%) | ▼ | 0.70% | +0.15 | 0.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.03% | +0.06 | 11.97% |
Noninterest income ($8.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.32% | 3.36% | 3.38% | 3.49% | 3.51% | 3.57% | 3.60% | 3.69% |
| ▁▁▂▆▆▅▆█ | Return on Assets (%) | 1.13% | 1.13% | 1.18% | 1.33% | 1.33% | 1.32% | 1.36% | 1.44% |
| ██▇▃▃▂▁▁ | Efficiency Ratio (%) | 57.7% | 57.6% | 56.6% | 53.5% | 53.4% | 52.2% | 51.6% | 51.2% |
| ███▆▅▅▃▁ | Cost of Funds (%) | 2.57% | 2.59% | 2.55% | 2.44% | 2.41% | 2.42% | 2.30% | 2.16% |
| ▁▁▁▆▆▇██ | NPA / Assets (%) | 0.23% | 0.26% | 0.22% | 0.48% | 0.48% | 0.54% | 0.62% | 0.63% |
| ▁▁▁▆▆▇██ | Net Charge-Off Ratio (%) | 0.17% | 0.21% | 0.21% | 0.55% | 0.56% | 0.62% | 0.70% | 0.70% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $418 | $435 | $442 | $458 | $474 | $489 | $504 | $509 |
| ▁▂▃▃▅▆▇█ | Gross Loans ($M) | $3,850 | $3,967 | $4,027 | $4,024 | $4,101 | $4,192 | $4,228 | $4,323 |
| ▁▂▆▇▇▇██ | Total Deposits ($M) | $3,957 | $4,056 | $4,227 | $4,279 | $4,300 | $4,300 | $4,321 | $4,356 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 12% |
| Agricultural | 5% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 14% |