Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.26% | +0.53 | 0.73% |
| Return on Equity (%) | ▲ | 12.70% | +4.69 | 8.01% |
| Net Interest Margin (%) | ▲ | 3.59% | +0.68 | 2.91% |
| Efficiency Ratio (%) | ▲ | 59.14% | -10.83 | 69.97% |
| Pre-Provision Profit ($M) | ▲ | $13 | +5.39 | $7 |
| Cost of Funds (%) | ▲ | 1.65% | -0.32 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,966 | +55.93 | $2,910 |
| Gross Loans ($M) | ▲ | $2,429 | +140.44 | $2,288 |
| Loan Growth YoY (%) | ▲ | 91.82% | +2.77 | 89.05% |
| Total Deposits ($M) | ▲ | $2,611 | +74.54 | $2,537 |
| Shareholders Equity ($M) | ▲ | $295 | +27.33 | $268 |
| Tang. Book Value ($M) | ▲ | $282 | +28.59 | $253 |
| TBV excl. AOCI ($M)** | ▲ | $298 | +24.30 | $273 |
| Loan / Deposit Ratio (%) | ▲ | 91.82% | +2.77 | 89.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.30 | 0.49% |
| Allowance / Loans (%) | — | 1.28% | -0.01% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.20% | -0.42 | 0.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.60% | -0.07 | 11.66% |
Noninterest income ($6.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▆█ | Net Interest Margin (%) | 2.47% | 2.54% | 2.62% | 2.91% | 3.06% | 3.18% | 3.29% | 3.59% |
| ▁▁▂▃▄▅▆█ | Return on Assets (%) | 0.48% | 0.50% | 0.59% | 0.73% | 0.85% | 0.95% | 1.03% | 1.26% |
| ██▇▅▄▃▂▁ | Efficiency Ratio (%) | 76.9% | 76.0% | 73.4% | 70.0% | 67.0% | 64.8% | 63.4% | 59.1% |
| █▆▄▃▂▃▂▁ | Cost of Funds (%) | 2.62% | 2.33% | 2.09% | 1.96% | 1.87% | 1.90% | 1.84% | 1.65% |
| ▄▅▇█▆▂▁▁ | NPA / Assets (%) | 0.34% | 0.37% | 0.45% | 0.49% | 0.41% | 0.27% | 0.22% | 0.20% |
| ▅▆██▆▃▁▁ | Net Charge-Off Ratio (%) | 0.43% | 0.47% | 0.57% | 0.63% | 0.50% | 0.33% | 0.23% | 0.20% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $226 | $241 | $243 | $253 | $263 | $271 | $278 | $282 |
| ▁▁▁▁▆███ | Gross Loans ($M) | $2,283 | $2,273 | $2,290 | $2,288 | $2,376 | $2,417 | $2,422 | $2,429 |
| ▁▂▂▄▁▃██ | Total Deposits ($M) | $2,471 | $2,500 | $2,492 | $2,537 | $2,486 | $2,514 | $2,595 | $2,611 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 13% |
| Agricultural | 8% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 8% |