Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.09 | 1.14% |
| Return on Equity (%) | ▲ | 10.46% | +0.40 | 10.06% |
| Net Interest Margin (%) | ▲ | 3.85% | +0.14 | 3.71% |
| Efficiency Ratio (%) | ▲ | 60.06% | -0.49 | 60.55% |
| Pre-Provision Profit ($M) | ▲ | $35 | +4.36 | $31 |
| Cost of Funds (%) | ▲ | 2.06% | -0.32 | 2.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,903 | +1115.30 | $7,788 |
| Gross Loans ($M) | ▲ | $6,685 | +703.82 | $5,981 |
| Loan Growth YoY (%) | ▼ | 88.63% | -2.91 | 91.54% |
| Total Deposits ($M) | ▲ | $7,471 | +999.29 | $6,472 |
| Shareholders Equity ($M) | ▲ | $1,049 | +146.68 | $902 |
| Tang. Book Value ($M) | ▲ | $890 | +121.61 | $769 |
| TBV excl. AOCI ($M)** | ▲ | $943 | +127.87 | $815 |
| Loan / Deposit Ratio (%) | ▼ | 88.63% | -2.91 | 91.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.38% | +0.83 | 0.55% |
| Allowance / Loans (%) | — | 0.95% | 0.00% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 1.53% | +0.83 | 0.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.96% | -0.07 | 12.04% |
Noninterest income ($14.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▅▆▇█ | Net Interest Margin (%) | 3.49% | 3.53% | 3.60% | 3.71% | 3.71% | 3.75% | 3.76% | 3.85% |
| ▁▂▁▄▆███ | Return on Assets (%) | 1.06% | 1.10% | 1.06% | 1.14% | 1.19% | 1.22% | 1.23% | 1.23% |
| █▇▆▄▃▁▁▃ | Efficiency Ratio (%) | 62.9% | 61.9% | 61.6% | 60.5% | 59.8% | 58.7% | 58.8% | 60.1% |
| ██▆▅▄▅▃▁ | Cost of Funds (%) | 2.65% | 2.63% | 2.49% | 2.38% | 2.34% | 2.42% | 2.22% | 2.06% |
| ▁▁▁▂▄▄▆█ | NPA / Assets (%) | 0.36% | 0.40% | 0.39% | 0.55% | 0.76% | 0.83% | 1.09% | 1.38% |
| ▁▁▁▂▄▃▆█ | Net Charge-Off Ratio (%) | 0.43% | 0.50% | 0.42% | 0.69% | 0.97% | 0.82% | 1.24% | 1.53% |
| ▁▂▄▅▅▆▇█ | Tang. Book Value ($M) | $638 | $681 | $736 | $769 | $787 | $824 | $838 | $890 |
| ▁▁▅▅▅▅▆█ | Gross Loans ($M) | $5,164 | $5,220 | $5,982 | $5,981 | $6,048 | $6,021 | $6,191 | $6,685 |
| ▁▁▅▄▄▄▅█ | Total Deposits ($M) | $5,581 | $5,650 | $6,528 | $6,472 | $6,434 | $6,517 | $6,716 | $7,471 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 21% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |