Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.91% | +0.09 | 1.82% |
| Return on Equity (%) | ▼ | 17.15% | -3.81 | 20.96% |
| Net Interest Margin (%) | ▲ | 5.46% | +0.26 | 5.20% |
| Efficiency Ratio (%) | ▲ | 57.89% | -3.04 | 60.93% |
| Pre-Provision Profit ($M) | ▲ | $21 | +4.29 | $17 |
| Cost of Funds (%) | ▲ | 1.09% | -0.21 | 1.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,337 | +208.27 | $3,129 |
| Gross Loans ($M) | ▲ | $2,545 | +161.79 | $2,383 |
| Loan Growth YoY (%) | ▲ | 87.35% | +2.55 | 84.80% |
| Total Deposits ($M) | ▲ | $2,885 | +103.82 | $2,781 |
| Shareholders Equity ($M) | ▲ | $373 | +98.83 | $275 |
| Tang. Book Value ($M) | ▲ | $294 | +97.22 | $197 |
| TBV excl. AOCI ($M)** | ▲ | $317 | +94.74 | $222 |
| Loan / Deposit Ratio (%) | ▲ | 87.35% | +2.55 | 84.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.47% | +0.09 | 0.39% |
| Allowance / Loans (%) | — | 0.97% | -0.06% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 0.58% | +0.07 | 0.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.09% | +2.87 | 9.23% |
Noninterest income ($8.95M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇▇███ | Net Interest Margin (%) | 4.30% | 4.32% | 4.49% | 5.20% | 5.33% | 5.45% | 5.49% | 5.46% |
| ▁▁▁▇▆█▇█ | Return on Assets (%) | 1.31% | 1.29% | 1.31% | 1.82% | 1.71% | 1.84% | 1.80% | 1.91% |
| ██▇▃▄▂▂▁ | Efficiency Ratio (%) | 67.4% | 66.5% | 66.1% | 60.9% | 62.0% | 59.8% | 60.1% | 57.9% |
| ███▅▇▅▄▁ | Cost of Funds (%) | 1.40% | 1.43% | 1.44% | 1.30% | 1.38% | 1.28% | 1.24% | 1.09% |
| ▁▁▆▆▆▇▆█ | NPA / Assets (%) | 0.17% | 0.17% | 0.37% | 0.39% | 0.37% | 0.42% | 0.37% | 0.47% |
| ▁▁▇▇▆█▆█ | Net Charge-Off Ratio (%) | 0.24% | 0.23% | 0.50% | 0.51% | 0.49% | 0.56% | 0.48% | 0.58% |
| ▁▂▁▁▂▃██ | Tang. Book Value ($M) | $187 | $199 | $184 | $197 | $207 | $223 | $284 | $294 |
| ▁▃▅▆▇▇██ | Gross Loans ($M) | $1,988 | $2,129 | $2,267 | $2,383 | $2,442 | $2,440 | $2,497 | $2,545 |
| ▁▄▄▆▇█▇█ | Total Deposits ($M) | $2,480 | $2,643 | $2,684 | $2,781 | $2,813 | $2,910 | $2,828 | $2,885 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 22% |
| Agricultural | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 7% |