Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 5.11% | +0.81 | 4.30% |
| Return on Equity (%) | ▲ | 37.13% | +5.99 | 31.14% |
| Net Interest Margin (%) | ▲ | 16.89% | +1.68 | 15.21% |
| Efficiency Ratio (%) | ▲ | 31.21% | -7.05 | 38.26% |
| Pre-Provision Profit ($M) | ▲ | $46 | +18.76 | $27 |
| Cost of Funds (%) | ▲ | 2.58% | -0.16 | 2.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,505 | +365.37 | $1,140 |
| Gross Loans ($M) | ▲ | $1,171 | +278.92 | $892 |
| Loan Growth YoY (%) | ▼ | 87.55% | -2.80 | 90.35% |
| Total Deposits ($M) | ▲ | $1,282 | +328.01 | $954 |
| Shareholders Equity ($M) | ▲ | $199 | +45.88 | $153 |
| Tang. Book Value ($M) | ▲ | $196 | +45.46 | $151 |
| TBV excl. AOCI ($M)** | ▲ | $199 | +45.45 | $154 |
| Loan / Deposit Ratio (%) | ▼ | 87.55% | -2.80 | 90.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.75% | +0.33 | 2.41% |
| Allowance / Loans (%) | — | 4.16% | 0.76% | 3.40% |
| Net Charge-Off Ratio (%) | ▼ | 3.53% | +0.45 | 3.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.08% | +0.07 | 16.01% |
Noninterest income ($9.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▇███ | Net Interest Margin (%) | 12.41% | 13.17% | 13.86% | 15.21% | 16.08% | 16.83% | 16.88% | 16.89% |
| ▁▁▂▄▅███ | Return on Assets (%) | 3.50% | 3.61% | 3.70% | 4.30% | 4.39% | 4.99% | 5.06% | 5.11% |
| ▇▇█▇▆▄▃▁ | Efficiency Ratio (%) | 38.4% | 37.5% | 39.6% | 38.3% | 36.5% | 34.8% | 34.0% | 31.2% |
| ▅▆█▃▁▂▂▁ | Cost of Funds (%) | 2.87% | 2.91% | 3.05% | 2.74% | 2.62% | 2.70% | 2.65% | 2.58% |
| ▂▁▅▇▅▄▃█ | NPA / Assets (%) | 1.59% | 1.29% | 2.20% | 2.41% | 2.08% | 1.88% | 1.81% | 2.75% |
| ▂▁▅▇▅▄▂█ | Net Charge-Off Ratio (%) | 2.01% | 1.60% | 2.76% | 3.08% | 2.59% | 2.38% | 2.01% | 3.53% |
| ▁▂▃▂▄▆██ | Tang. Book Value ($M) | $135 | $145 | $153 | $151 | $163 | $183 | $201 | $196 |
| ▁▁▃▃▄▆██ | Gross Loans ($M) | $753 | $800 | $867 | $892 | $962 | $1,058 | $1,130 | $1,171 |
| ▁▁▂▃▄▆▇█ | Total Deposits ($M) | $803 | $841 | $907 | $954 | $1,002 | $1,130 | $1,192 | $1,282 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 24% |
| Agricultural | 1% |
| Consumer | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 29% |