Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.37% | -0.01 | 1.38% |
| Return on Equity (%) | ▼ | 12.68% | -0.80 | 13.48% |
| Net Interest Margin (%) | ▲ | 4.17% | +0.05 | 4.12% |
| Efficiency Ratio (%) | ▼ | 57.45% | +2.11 | 55.34% |
| Pre-Provision Profit ($M) | ▲ | $28 | +1.34 | $27 |
| Cost of Funds (%) | ▲ | 1.37% | -0.13 | 1.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,122 | +579.67 | $5,542 |
| Gross Loans ($M) | ▲ | $4,424 | +569.90 | $3,854 |
| Loan Growth YoY (%) | ▲ | 89.90% | +8.05 | 81.86% |
| Total Deposits ($M) | ▲ | $4,863 | +211.57 | $4,651 |
| Shareholders Equity ($M) | ▲ | $640 | +63.98 | $576 |
| Tang. Book Value ($M) | ▲ | $523 | +65.69 | $457 |
| TBV excl. AOCI ($M)** | ▲ | $581 | +65.10 | $516 |
| Loan / Deposit Ratio (%) | ▲ | 89.90% | +8.05 | 81.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.51% | +0.26 | 0.25% |
| Allowance / Loans (%) | — | 1.18% | -0.03% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.64% | +0.37 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.32% | -0.63 | 12.95% |
Noninterest income ($12.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇▇▇█▇ | Net Interest Margin (%) | 3.49% | 3.63% | 3.74% | 4.12% | 4.13% | 4.17% | 4.29% | 4.17% |
| ▁▁▂▇▇██▇ | Return on Assets (%) | 0.95% | 0.88% | 0.98% | 1.38% | 1.38% | 1.42% | 1.46% | 1.37% |
| █▇▆▁▁▁▂▂ | Efficiency Ratio (%) | 66.0% | 64.0% | 63.0% | 55.3% | 56.3% | 56.0% | 56.7% | 57.5% |
| ██▆▃▃▄▂▁ | Cost of Funds (%) | 1.76% | 1.76% | 1.65% | 1.49% | 1.51% | 1.54% | 1.45% | 1.37% |
| ▅▃▃▁▁▅▃█ | NPA / Assets (%) | 0.39% | 0.31% | 0.31% | 0.25% | 0.23% | 0.39% | 0.31% | 0.51% |
| ▆▃▃▁▁▅▃█ | Net Charge-Off Ratio (%) | 0.50% | 0.38% | 0.35% | 0.27% | 0.25% | 0.49% | 0.36% | 0.64% |
| ▁▅▄▅▅▇██ | Tang. Book Value ($M) | $378 | $456 | $436 | $457 | $462 | $498 | $527 | $523 |
| ▁▄▅▅▅▅▆█ | Gross Loans ($M) | $3,204 | $3,715 | $3,837 | $3,854 | $3,897 | $3,967 | $4,055 | $4,424 |
| ▁▇▇▆▆▆▅█ | Total Deposits ($M) | $4,212 | $4,727 | $4,722 | $4,651 | $4,686 | $4,636 | $4,572 | $4,863 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 15% |
| Agricultural | 3% |
| Consumer | 16% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 3% |