Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.79% | +0.45 | 1.35% |
| Return on Equity (%) | ▲ | 15.00% | +2.17 | 12.83% |
| Net Interest Margin (%) | ▲ | 4.45% | +1.38 | 3.07% |
| Efficiency Ratio (%) | ▲ | 51.40% | -1.89 | 53.29% |
| Pre-Provision Profit ($M) | ▲ | $36 | +3.88 | $32 |
| Cost of Funds (%) | ▲ | 1.32% | -0.51 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $6,540 | -1067.42 | $7,608 |
| Gross Loans ($M) | ▼ | $4,888 | -24.70 | $4,913 |
| Loan Growth YoY (%) | ▲ | 87.97% | +4.84 | 83.14% |
| Total Deposits ($M) | ▼ | $5,498 | -347.92 | $5,846 |
| Shareholders Equity ($M) | ▼ | $778 | -33.46 | $812 |
| Tang. Book Value ($M) | ▼ | $599 | -29.90 | $629 |
| TBV excl. AOCI ($M)** | ▼ | $643 | -89.55 | $733 |
| Loan / Deposit Ratio (%) | ▲ | 87.97% | +4.84 | 83.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.60% | +0.19 | 0.41% |
| Allowance / Loans (%) | — | 1.05% | -0.02% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 0.76% | +0.14 | 0.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.35% | +0.38 | 11.97% |
Noninterest income ($11.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▅█ | Net Interest Margin (%) | 2.56% | 2.60% | 2.71% | 3.07% | 3.16% | 3.38% | 3.62% | 4.45% |
| ▇▇▇██▁▂█ | Return on Assets (%) | 0.83% | 0.91% | 0.59% | 1.35% | 1.26% | -3.07% | -1.96% | 1.79% |
| ███▂▃█▆▁ | Efficiency Ratio (%) | 63.2% | 62.5% | 62.7% | 53.3% | 54.5% | 62.5% | 58.9% | 51.4% |
| ▇█▇▆▅▆▂▁ | Cost of Funds (%) | 2.01% | 2.12% | 1.98% | 1.83% | 1.80% | 1.89% | 1.43% | 1.32% |
| ▁▂▃▄▃▆██ | NPA / Assets (%) | 0.26% | 0.32% | 0.35% | 0.41% | 0.36% | 0.48% | 0.56% | 0.60% |
| ▁▃▄▅▃▆██ | Net Charge-Off Ratio (%) | 0.40% | 0.51% | 0.55% | 0.62% | 0.53% | 0.64% | 0.72% | 0.76% |
| ▃▅▆▇█▁▃▄ | Tang. Book Value ($M) | $584 | $613 | $618 | $629 | $649 | $560 | $589 | $599 |
| ▁▁▅▅█▁▄▄ | Gross Loans ($M) | $4,825 | $4,806 | $4,915 | $4,913 | $4,989 | $4,826 | $4,886 | $4,888 |
| ▆█▆█▇▅▁▃ | Total Deposits ($M) | $5,702 | $5,801 | $5,676 | $5,846 | $5,777 | $5,656 | $5,353 | $5,498 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 16% |