Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.81% | +0.72 | 1.09% |
| Return on Equity (%) | ▲ | 16.77% | +5.43 | 11.34% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.33 | 3.43% |
| Efficiency Ratio (%) | ▲ | 62.77% | -4.56 | 67.33% |
| Pre-Provision Profit ($M) | ▲ | $27 | +6.54 | $20 |
| Cost of Funds (%) | ▲ | 1.62% | -0.36 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $5,278 | -49.28 | $5,327 |
| Gross Loans ($M) | ▼ | $4,057 | -41.30 | $4,098 |
| Loan Growth YoY (%) | ▲ | 91.20% | +2.10 | 89.10% |
| Total Deposits ($M) | ▼ | $4,393 | -136.87 | $4,530 |
| Shareholders Equity ($M) | ▲ | $573 | +54.04 | $519 |
| Tang. Book Value ($M) | ▲ | $450 | +64.55 | $385 |
| TBV excl. AOCI ($M)** | ▲ | $488 | +61.21 | $427 |
| Loan / Deposit Ratio (%) | ▲ | 91.20% | +2.10 | 89.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.02% | +0.12 | 0.90% |
| Allowance / Loans (%) | — | 1.24% | -0.27% | 1.51% |
| Net Charge-Off Ratio (%) | ▼ | 1.32% | +0.17 | 1.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.75% | +0.39 | 10.36% |
Noninterest income ($31.00M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇▇▇▇█ | Net Interest Margin (%) | 2.43% | 2.43% | 2.70% | 3.43% | 3.51% | 3.53% | 3.60% | 3.76% |
| ▂▂▂▄▆▆▁█ | Return on Assets (%) | 0.73% | 0.74% | 0.67% | 1.09% | 1.37% | 1.36% | 0.42% | 1.81% |
| ██▇▄▁▁▁▁ | Efficiency Ratio (%) | 72.7% | 73.4% | 71.3% | 67.3% | 62.9% | 63.3% | 63.2% | 62.8% |
| ▇█▄▃▃▃▂▁ | Cost of Funds (%) | 2.61% | 2.85% | 2.16% | 1.98% | 2.01% | 2.02% | 1.89% | 1.62% |
| ▁█▇▆▆▇█▇ | NPA / Assets (%) | 0.14% | 1.18% | 1.00% | 0.90% | 0.91% | 1.13% | 1.28% | 1.02% |
| ▁█▇▆▆▇█▇ | Net Charge-Off Ratio (%) | 0.21% | 1.58% | 1.31% | 1.16% | 1.16% | 1.45% | 1.63% | 1.32% |
| ▁▁▄▅▆▇██ | Tang. Book Value ($M) | $294 | $309 | $364 | $385 | $406 | $423 | $436 | $450 |
| ▁▁██████ | Gross Loans ($M) | $2,954 | $3,046 | $4,009 | $4,098 | $4,113 | $4,120 | $4,070 | $4,057 |
| ▁▁██▇█▇█ | Total Deposits ($M) | $3,367 | $3,391 | $4,427 | $4,530 | $4,381 | $4,458 | $4,241 | $4,393 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 17% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 4% |