Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.53 | 0.99% |
| Return on Equity (%) | ▲ | 17.19% | +4.42 | 12.77% |
| Net Interest Margin (%) | ▲ | 3.78% | +0.42 | 3.36% |
| Efficiency Ratio (%) | ▲ | 45.96% | -3.73 | 49.68% |
| Pre-Provision Profit ($M) | ▲ | $21 | +4.56 | $17 |
| Cost of Funds (%) | ▲ | 1.77% | -0.22 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,915 | +282.67 | $3,633 |
| Gross Loans ($M) | ▲ | $2,751 | +208.71 | $2,542 |
| Loan Growth YoY (%) | ▼ | 78.60% | -0.79 | 79.39% |
| Total Deposits ($M) | ▲ | $3,452 | +291.93 | $3,160 |
| Shareholders Equity ($M) | ▲ | $342 | +55.45 | $287 |
| Tang. Book Value ($M) | ▲ | $314 | +55.82 | $258 |
| TBV excl. AOCI ($M)** | ▲ | $353 | +57.79 | $295 |
| Loan / Deposit Ratio (%) | ▼ | 78.60% | -0.79 | 79.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.39% | +0.15 | 0.24% |
| Allowance / Loans (%) | — | 1.38% | 0.05% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 0.49% | +0.16 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.53% | +0.57 | 11.96% |
Noninterest income ($5.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▆▇█ | Net Interest Margin (%) | 2.91% | 2.95% | 3.01% | 3.36% | 3.44% | 3.50% | 3.57% | 3.78% |
| ▁▁▁▂▄▄▄█ | Return on Assets (%) | 0.86% | 0.92% | 0.94% | 0.99% | 1.18% | 1.17% | 1.18% | 1.52% |
| ██▇▃▃▃▂▁ | Efficiency Ratio (%) | 56.7% | 55.6% | 54.6% | 49.7% | 49.2% | 48.8% | 48.2% | 46.0% |
| ██▇▅▅▅▅▁ | Cost of Funds (%) | 2.17% | 2.20% | 2.14% | 1.99% | 1.99% | 1.98% | 1.99% | 1.77% |
| ▇▆▃▂▁▃▇█ | NPA / Assets (%) | 0.36% | 0.33% | 0.24% | 0.24% | 0.19% | 0.25% | 0.35% | 0.39% |
| █▇▄▄▁▃▆█ | Net Charge-Off Ratio (%) | 0.52% | 0.47% | 0.34% | 0.33% | 0.21% | 0.28% | 0.44% | 0.49% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $221 | $247 | $242 | $258 | $270 | $294 | $311 | $314 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $2,359 | $2,434 | $2,494 | $2,542 | $2,570 | $2,646 | $2,723 | $2,751 |
| ▁▂▂▄▅▇▇█ | Total Deposits ($M) | $2,945 | $3,042 | $3,068 | $3,160 | $3,224 | $3,352 | $3,328 | $3,452 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 11% |
| Agricultural | 3% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 14% |