Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.40 | 0.92% |
| Return on Equity (%) | ▲ | 14.33% | +3.05 | 11.28% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.53 | 2.97% |
| Efficiency Ratio (%) | ▲ | 54.61% | -4.81 | 59.42% |
| Pre-Provision Profit ($M) | ▲ | $39 | +9.75 | $30 |
| Cost of Funds (%) | ▲ | 1.42% | -0.19 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,697 | +535.04 | $8,162 |
| Gross Loans ($M) | ▲ | $6,478 | +411.35 | $6,067 |
| Loan Growth YoY (%) | ▲ | 88.60% | +0.17 | 88.43% |
| Total Deposits ($M) | ▲ | $7,246 | +454.52 | $6,791 |
| Shareholders Equity ($M) | ▲ | $802 | +128.37 | $674 |
| Tang. Book Value ($M) | ▲ | $736 | +127.78 | $608 |
| TBV excl. AOCI ($M)** | ▲ | $821 | +134.26 | $687 |
| Loan / Deposit Ratio (%) | ▲ | 88.60% | +0.17 | 88.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.59% | -0.28 | 0.87% |
| Allowance / Loans (%) | — | 0.90% | -0.11% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.79% | -0.38 | 1.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.74% | +0.11 | 11.63% |
Noninterest income ($14.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▅█ | Net Interest Margin (%) | 2.78% | 2.81% | 2.85% | 2.97% | 3.03% | 3.10% | 3.18% | 3.50% |
| ▅▅▅▅▆▆▁█ | Return on Assets (%) | 0.86% | 0.88% | 0.92% | 0.92% | 1.00% | 1.03% | 0.39% | 1.31% |
| ██▇▄▄▄▃▁ | Efficiency Ratio (%) | 64.7% | 64.0% | 62.7% | 59.4% | 58.6% | 58.6% | 57.8% | 54.6% |
| ▇█▆▄▄▅▂▁ | Cost of Funds (%) | 1.75% | 1.80% | 1.67% | 1.61% | 1.61% | 1.62% | 1.47% | 1.42% |
| ▇▆▇█▂▂▁▁ | NPA / Assets (%) | 0.80% | 0.79% | 0.81% | 0.87% | 0.63% | 0.63% | 0.56% | 0.59% |
| ▇▇▂█▃▂▁▂ | Net Charge-Off Ratio (%) | 1.08% | 1.06% | 0.85% | 1.17% | 0.85% | 0.84% | 0.74% | 0.79% |
| ▁▂▂▃▄▅██ | Tang. Book Value ($M) | $546 | $588 | $578 | $608 | $628 | $653 | $726 | $736 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $5,762 | $5,881 | $6,020 | $6,067 | $6,173 | $6,288 | $6,490 | $6,478 |
| ▁▃▂▅▄▇██ | Total Deposits ($M) | $6,324 | $6,616 | $6,511 | $6,791 | $6,759 | $7,096 | $7,134 | $7,246 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 12% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 9% |