Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.04 | 1.14% |
| Return on Equity (%) | ▲ | 15.33% | +0.23 | 15.10% |
| Net Interest Margin (%) | ▲ | 4.04% | +0.18 | 3.86% |
| Efficiency Ratio (%) | ▲ | 57.14% | -4.34 | 61.47% |
| Pre-Provision Profit ($M) | ▲ | $17 | +4.10 | $13 |
| Cost of Funds (%) | ▲ | 2.46% | -0.09 | 2.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,501 | +407.66 | $3,094 |
| Gross Loans ($M) | ▲ | $2,845 | +310.23 | $2,535 |
| Loan Growth YoY (%) | ▼ | 98.43% | -1.79 | 100.23% |
| Total Deposits ($M) | ▲ | $2,863 | +354.84 | $2,508 |
| Shareholders Equity ($M) | ▲ | $270 | +37.22 | $233 |
| Tang. Book Value ($M) | ▲ | $269 | +37.22 | $232 |
| TBV excl. AOCI ($M)** | ▲ | $286 | +39.29 | $246 |
| Loan / Deposit Ratio (%) | ▼ | 98.43% | -1.79 | 100.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.40% | +0.73 | 0.67% |
| Allowance / Loans (%) | — | 0.95% | 0.11% | 0.84% |
| Net Charge-Off Ratio (%) | ▼ | 0.33% | +0.01 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.41% | -0.03 | 10.44% |
Noninterest income ($6.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▆▇██ | Net Interest Margin (%) | 3.39% | 3.49% | 3.56% | 3.86% | 3.87% | 3.91% | 3.99% | 4.04% |
| ▁▂▃▇█▄▆█ | Return on Assets (%) | 0.92% | 0.98% | 1.00% | 1.14% | 1.16% | 1.04% | 1.09% | 1.19% |
| ██▇▄▄▅▄▁ | Efficiency Ratio (%) | 66.7% | 65.9% | 65.3% | 61.5% | 61.6% | 62.6% | 61.2% | 57.1% |
| ██▇▂▄▆▂▁ | Cost of Funds (%) | 2.80% | 2.82% | 2.77% | 2.55% | 2.62% | 2.69% | 2.51% | 2.46% |
| ▃▁▁▁▁███ | NPA / Assets (%) | 0.95% | 0.69% | 0.70% | 0.67% | 0.77% | 1.49% | 1.40% | 1.40% |
| █▅▅▁▁█▁▁ | Net Charge-Off Ratio (%) | 1.13% | 0.78% | 0.76% | 0.32% | 0.24% | 1.12% | 0.32% | 0.33% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $214 | $226 | $226 | $232 | $241 | $253 | $266 | $269 |
| ▁▂▃▄▅▇██ | Gross Loans ($M) | $2,318 | $2,393 | $2,491 | $2,535 | $2,621 | $2,715 | $2,783 | $2,845 |
| ▁▁▃▄▅▆▇█ | Total Deposits ($M) | $2,256 | $2,322 | $2,425 | $2,508 | $2,620 | $2,695 | $2,773 | $2,863 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 16% |
| Agricultural | 1% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 22% |