Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.20% | +0.12 | 1.08% |
| Return on Equity (%) | ▲ | 10.38% | +1.15 | 9.23% |
| Net Interest Margin (%) | ▲ | 3.75% | +0.14 | 3.61% |
| Efficiency Ratio (%) | ▲ | 55.36% | -4.08 | 59.44% |
| Pre-Provision Profit ($M) | ▲ | $34 | +6.50 | $27 |
| Cost of Funds (%) | ▲ | 1.31% | -0.11 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,201 | +679.19 | $7,522 |
| Gross Loans ($M) | ▲ | $6,077 | +377.81 | $5,699 |
| Loan Growth YoY (%) | ▼ | 89.01% | -1.95 | 90.96% |
| Total Deposits ($M) | ▲ | $6,741 | +553.07 | $6,188 |
| Shareholders Equity ($M) | ▲ | $933 | +48.98 | $884 |
| Tang. Book Value ($M) | ▲ | $716 | +58.20 | $658 |
| TBV excl. AOCI ($M)** | ▲ | $775 | +65.08 | $710 |
| Loan / Deposit Ratio (%) | ▼ | 89.01% | -1.95 | 90.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.45% | +0.09 | 0.36% |
| Allowance / Loans (%) | — | 1.25% | 0.02% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.53% | +0.09 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.29% | -0.15 | 13.43% |
Noninterest income ($11.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇███ | Net Interest Margin (%) | 3.42% | 3.45% | 3.49% | 3.61% | 3.72% | 3.78% | 3.78% | 3.75% |
| ▁▁▁▄▆▆▆█ | Return on Assets (%) | 0.98% | 0.98% | 0.97% | 1.08% | 1.14% | 1.13% | 1.15% | 1.20% |
| ███▆▄▄▄▁ | Efficiency Ratio (%) | 61.3% | 61.4% | 61.2% | 59.4% | 58.3% | 57.9% | 57.6% | 55.4% |
| ▆█▆▃▄▄▂▁ | Cost of Funds (%) | 1.60% | 1.70% | 1.58% | 1.42% | 1.48% | 1.47% | 1.41% | 1.31% |
| ▁▁▇▅▂▂██ | NPA / Assets (%) | 0.26% | 0.25% | 0.41% | 0.36% | 0.29% | 0.29% | 0.43% | 0.45% |
| ▁▁█▅▂▂██ | Net Charge-Off Ratio (%) | 0.32% | 0.31% | 0.51% | 0.44% | 0.35% | 0.36% | 0.52% | 0.53% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $633 | $666 | $647 | $658 | $673 | $704 | $716 | $716 |
| ▁▁▂▃▄▅▇█ | Gross Loans ($M) | $5,561 | $5,615 | $5,672 | $5,699 | $5,767 | $5,824 | $6,011 | $6,077 |
| ▁▁▁▂▂▄▅█ | Total Deposits ($M) | $6,158 | $6,122 | $6,100 | $6,188 | $6,249 | $6,356 | $6,458 | $6,741 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 23% |
| Agricultural | 6% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 13% |