Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +0.23 | 0.95% |
| Return on Equity (%) | ▲ | 14.54% | +1.44 | 13.10% |
| Net Interest Margin (%) | ▲ | 2.79% | +0.39 | 2.41% |
| Efficiency Ratio (%) | ▲ | 52.56% | -4.46 | 57.02% |
| Pre-Provision Profit ($M) | ▲ | $12 | +2.53 | $9 |
| Cost of Funds (%) | ▲ | 2.33% | -0.32 | 2.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,165 | +13.24 | $3,152 |
| Gross Loans ($M) | ▲ | $2,405 | +22.00 | $2,383 |
| Loan Growth YoY (%) | ▲ | 89.29% | +2.35 | 86.95% |
| Total Deposits ($M) | ▼ | $2,665 | -46.70 | $2,712 |
| Shareholders Equity ($M) | ▲ | $258 | +27.13 | $231 |
| Tang. Book Value ($M) | ▲ | $253 | +27.39 | $226 |
| TBV excl. AOCI ($M)** | ▲ | $284 | +25.47 | $258 |
| Loan / Deposit Ratio (%) | ▲ | 89.29% | +2.35 | 86.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.53% | +0.32 | 0.21% |
| Allowance / Loans (%) | — | 1.05% | -0.01% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.70% | +0.41 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.84% | +0.93 | 11.91% |
Noninterest income ($4.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅▆█ | Net Interest Margin (%) | 2.15% | 2.19% | 2.25% | 2.41% | 2.44% | 2.53% | 2.61% | 2.79% |
| ▁▂▂▃▄▆▇█ | Return on Assets (%) | 0.86% | 0.91% | 0.93% | 0.95% | 1.00% | 1.06% | 1.13% | 1.18% |
| ██▆▆▃▂▁▁ | Efficiency Ratio (%) | 59.1% | 58.3% | 57.1% | 57.0% | 54.8% | 53.3% | 52.3% | 52.6% |
| ██▇▆▇▆▃▁ | Cost of Funds (%) | 2.82% | 2.82% | 2.75% | 2.65% | 2.71% | 2.65% | 2.51% | 2.33% |
| ▁▁▂▃▃▅▇█ | NPA / Assets (%) | 0.09% | 0.10% | 0.17% | 0.21% | 0.21% | 0.35% | 0.43% | 0.53% |
| ▁▁▂▃▃▅▇█ | Net Charge-Off Ratio (%) | 0.12% | 0.13% | 0.23% | 0.28% | 0.27% | 0.46% | 0.57% | 0.70% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $211 | $223 | $218 | $226 | $232 | $241 | $249 | $253 |
| ▁▄▅▇████ | Gross Loans ($M) | $2,248 | $2,307 | $2,341 | $2,383 | $2,394 | $2,399 | $2,394 | $2,405 |
| ▁▇█▇▇█▅▅ | Total Deposits ($M) | $2,579 | $2,704 | $2,726 | $2,712 | $2,706 | $2,739 | $2,666 | $2,665 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 16% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 34% |