Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.49% | +0.32 | 1.17% |
| Return on Equity (%) | ▲ | 15.54% | +2.91 | 12.63% |
| Net Interest Margin (%) | ▲ | 3.87% | +0.23 | 3.64% |
| Efficiency Ratio (%) | ▼ | 57.49% | +0.05 | 57.45% |
| Pre-Provision Profit ($M) | ▲ | $17 | +2.45 | $14 |
| Cost of Funds (%) | ▲ | 1.98% | -0.18 | 2.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,296 | +297.48 | $2,999 |
| Gross Loans ($M) | ▲ | $2,811 | +345.84 | $2,465 |
| Loan Growth YoY (%) | ▲ | 93.99% | +3.91 | 90.08% |
| Total Deposits ($M) | ▲ | $2,958 | +255.58 | $2,702 |
| Shareholders Equity ($M) | ▲ | $319 | +38.93 | $280 |
| Tang. Book Value ($M) | ▲ | $295 | +37.54 | $257 |
| TBV excl. AOCI ($M)** | ▲ | $310 | +36.87 | $273 |
| Loan / Deposit Ratio (%) | ▲ | 93.99% | +3.91 | 90.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.34% | -0.15 | 0.49% |
| Allowance / Loans (%) | — | 1.12% | -0.16% | 1.27% |
| Net Charge-Off Ratio (%) | ▲ | 0.39% | -0.10 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.04% | -0.12 | 11.16% |
Noninterest income ($10.03M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▇██ | Net Interest Margin (%) | 3.07% | 3.14% | 3.25% | 3.64% | 3.72% | 3.76% | 3.80% | 3.87% |
| ▁▁▂▃▅▆▇█ | Return on Assets (%) | 1.03% | 1.03% | 1.12% | 1.17% | 1.26% | 1.32% | 1.38% | 1.49% |
| ██▇▁▁▁▂▁ | Efficiency Ratio (%) | 64.0% | 63.7% | 62.6% | 57.4% | 56.9% | 57.4% | 58.0% | 57.5% |
| ▇█▅▃▃▄▂▁ | Cost of Funds (%) | 2.52% | 2.60% | 2.34% | 2.15% | 2.20% | 2.27% | 2.12% | 1.98% |
| ▅█▄▆▃▂▁▁ | NPA / Assets (%) | 0.47% | 0.60% | 0.43% | 0.49% | 0.41% | 0.36% | 0.32% | 0.34% |
| ▄█▃▄▁▁▁▁ | Net Charge-Off Ratio (%) | 0.50% | 0.64% | 0.44% | 0.49% | 0.40% | 0.37% | 0.36% | 0.39% |
| ▁▂▂▄▅▇▇█ | Tang. Book Value ($M) | $232 | $247 | $245 | $257 | $268 | $281 | $284 | $295 |
| ▁▁▂▂▄▆▇█ | Gross Loans ($M) | $2,362 | $2,356 | $2,424 | $2,465 | $2,568 | $2,670 | $2,751 | $2,811 |
| ▁▁▁▃▃▅▆█ | Total Deposits ($M) | $2,606 | $2,616 | $2,634 | $2,702 | $2,737 | $2,804 | $2,849 | $2,958 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 12% |
| Agricultural | 6% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 8% |