Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.56% | -0.08 | 1.64% |
| Return on Equity (%) | ▼ | 11.78% | -0.89 | 12.67% |
| Net Interest Margin (%) | ▲ | 4.55% | +0.89 | 3.65% |
| Efficiency Ratio (%) | ▼ | 56.12% | +12.46 | 43.66% |
| Pre-Provision Profit ($M) | ▲ | $26 | +2.73 | $23 |
| Cost of Funds (%) | ▲ | 1.32% | -0.31 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,065 | +1560.61 | $4,504 |
| Gross Loans ($M) | ▲ | $4,525 | +974.63 | $3,551 |
| Loan Growth YoY (%) | ▼ | 87.05% | -6.50 | 93.55% |
| Total Deposits ($M) | ▲ | $5,133 | +1384.46 | $3,749 |
| Shareholders Equity ($M) | ▲ | $799 | +212.25 | $587 |
| Tang. Book Value ($M) | ▲ | $490 | +111.41 | $378 |
| TBV excl. AOCI ($M)** | ▲ | $520 | +127.77 | $392 |
| Loan / Deposit Ratio (%) | ▼ | 87.05% | -6.50 | 93.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.50% | +0.33 | 0.17% |
| Allowance / Loans (%) | — | 1.26% | 0.03% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.59% | +0.40 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.95% | -0.04 | 10.99% |
Noninterest income ($10.62M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▁▂▂█ | Net Interest Margin (%) | 3.62% | 3.69% | 3.67% | 3.65% | 3.71% | 3.77% | 3.84% | 4.55% |
| ▁▂▃█▅▇█▁ | Return on Assets (%) | 1.57% | 1.58% | 1.59% | 1.64% | 1.61% | 1.63% | 1.64% | 1.56% |
| ▂▂▁▁▁▁▁█ | Efficiency Ratio (%) | 46.1% | 45.5% | 44.9% | 43.7% | 44.6% | 44.3% | 44.4% | 56.1% |
| ▆█▇▇▇▅▃▁ | Cost of Funds (%) | 1.56% | 1.68% | 1.61% | 1.63% | 1.62% | 1.54% | 1.45% | 1.32% |
| ▃▃▁▁▄▄▁█ | NPA / Assets (%) | 0.27% | 0.28% | 0.21% | 0.17% | 0.31% | 0.31% | 0.20% | 0.50% |
| ▃▃▁▁▄▄▂█ | Net Charge-Off Ratio (%) | 0.31% | 0.32% | 0.24% | 0.19% | 0.38% | 0.38% | 0.25% | 0.59% |
| ▁▁▁▁▂▂▂█ | Tang. Book Value ($M) | $366 | $369 | $371 | $378 | $384 | $390 | $396 | $490 |
| ▁▁▁▁▂▂▂█ | Gross Loans ($M) | $3,431 | $3,475 | $3,520 | $3,551 | $3,586 | $3,634 | $3,611 | $4,525 |
| ▁▁▂▂▁▁▂█ | Total Deposits ($M) | $3,447 | $3,547 | $3,734 | $3,749 | $3,628 | $3,581 | $3,752 | $5,133 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 16% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 5% |