Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.69% | +0.01 | 1.67% |
| Return on Equity (%) | ▲ | 13.47% | +0.93 | 12.54% |
| Net Interest Margin (%) | ▼ | 3.38% | -0.22 | 3.61% |
| Efficiency Ratio (%) | ▲ | 57.79% | -2.45 | 60.24% |
| Pre-Provision Profit ($M) | ▲ | $18 | +2.60 | $15 |
| Cost of Funds (%) | ▲ | 1.63% | -0.25 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,551 | +435.76 | $3,115 |
| Gross Loans ($M) | ▲ | $2,117 | +14.85 | $2,102 |
| Loan Growth YoY (%) | ▼ | 73.29% | -6.15 | 79.44% |
| Total Deposits ($M) | ▲ | $2,847 | +239.17 | $2,608 |
| Shareholders Equity ($M) | ▲ | $488 | +51.09 | $437 |
| Tang. Book Value ($M) | ▲ | $488 | +51.09 | $437 |
| TBV excl. AOCI ($M)** | ▲ | $516 | +58.71 | $457 |
| Loan / Deposit Ratio (%) | ▼ | 73.29% | -6.15 | 79.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.04 | 0.05% |
| Allowance / Loans (%) | — | 1.45% | -0.01% | 1.46% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.07 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.11% | +0.81 | 19.31% |
Noninterest income ($13.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▄▅▅▇█▆▁ | Net Interest Margin (%) | 3.47% | 3.53% | 3.57% | 3.61% | 3.71% | 3.76% | 3.64% | 3.38% |
| ▁▃█▃▁▄▂▄ | Return on Assets (%) | 1.65% | 1.68% | 1.73% | 1.67% | 1.65% | 1.69% | 1.67% | 1.69% |
| ██▅▇██▅▁ | Efficiency Ratio (%) | 60.8% | 60.8% | 59.6% | 60.2% | 60.6% | 60.7% | 59.5% | 57.8% |
| ██▅▆▆▅▁▃ | Cost of Funds (%) | 2.04% | 2.09% | 1.84% | 1.88% | 1.92% | 1.83% | 1.43% | 1.63% |
| ▁▁▃▂██▄▆ | NPA / Assets (%) | 0.04% | 0.04% | 0.06% | 0.05% | 0.10% | 0.10% | 0.06% | 0.09% |
| ▁▁▃▂▇█▆▇ | Net Charge-Off Ratio (%) | 0.06% | 0.06% | 0.09% | 0.07% | 0.15% | 0.16% | 0.12% | 0.14% |
| ▁▂▃▄▄▆██ | Tang. Book Value ($M) | $396 | $419 | $425 | $437 | $440 | $458 | $477 | $488 |
| ▁▂▃▂▇█▆▄ | Gross Loans ($M) | $2,086 | $2,100 | $2,107 | $2,102 | $2,147 | $2,165 | $2,137 | $2,117 |
| ▁▁▃▁▁▁█▃ | Total Deposits ($M) | $2,571 | $2,569 | $2,850 | $2,608 | $2,555 | $2,664 | $3,462 | $2,847 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 34% |
| C&I / Commercial | 8% |
| Agricultural | 4% |
| Consumer | 53% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 22% |