Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.16 | 1.07% |
| Return on Equity (%) | ▼ | 11.32% | -0.99 | 12.31% |
| Net Interest Margin (%) | ▲ | 3.16% | +0.07 | 3.09% |
| Efficiency Ratio (%) | ▲ | 57.60% | -0.26 | 57.86% |
| Pre-Provision Profit ($M) | ▲ | $22 | +4.15 | $18 |
| Cost of Funds (%) | ▲ | 1.31% | -0.41 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,216 | +2073.52 | $5,142 |
| Gross Loans ($M) | ▲ | $4,802 | +1547.62 | $3,254 |
| Loan Growth YoY (%) | ▲ | 79.90% | +8.72 | 71.18% |
| Total Deposits ($M) | ▲ | $5,942 | +1419.59 | $4,522 |
| Shareholders Equity ($M) | ▲ | $823 | +361.35 | $462 |
| Tang. Book Value ($M) | ▲ | $512 | +238.55 | $273 |
| TBV excl. AOCI ($M)** | ▲ | $586 | +248.77 | $337 |
| Loan / Deposit Ratio (%) | ▲ | 79.90% | +8.72 | 71.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.83% | +0.43 | 0.40% |
| Allowance / Loans (%) | — | 1.14% | 0.05% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 1.25% | +0.61 | 0.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.67% | +0.31 | 12.36% |
Noninterest income ($10.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▇███ | Net Interest Margin (%) | 2.90% | 2.88% | 2.90% | 3.09% | 3.12% | 3.15% | 3.18% | 3.16% |
| ▃▁▂▅▅▅▅█ | Return on Assets (%) | 0.95% | 0.85% | 0.91% | 1.07% | 1.09% | 1.04% | 1.07% | 1.23% |
| █▇▅▆▁▆▄▆ | Efficiency Ratio (%) | 58.7% | 58.2% | 57.4% | 57.9% | 55.7% | 57.8% | 57.0% | 57.6% |
| ███▆▅▆▅▁ | Cost of Funds (%) | 1.85% | 1.92% | 1.89% | 1.72% | 1.69% | 1.69% | 1.64% | 1.31% |
| ▁▂▃▃▄▆▄█ | NPA / Assets (%) | 0.25% | 0.37% | 0.45% | 0.40% | 0.54% | 0.68% | 0.50% | 0.83% |
| ▁▂▃▃▅▇▄█ | Net Charge-Off Ratio (%) | 0.40% | 0.58% | 0.70% | 0.64% | 0.84% | 1.06% | 0.79% | 1.25% |
| ▁▂▁▂▂▃▄█ | Tang. Book Value ($M) | $230 | $270 | $243 | $273 | $290 | $315 | $342 | $512 |
| ▁▁▁▁▁▁▁█ | Gross Loans ($M) | $3,240 | $3,283 | $3,273 | $3,254 | $3,306 | $3,343 | $3,306 | $4,802 |
| ▁▁▁▂▁▁▁█ | Total Deposits ($M) | $4,258 | $4,418 | $4,315 | $4,522 | $4,429 | $4,440 | $4,373 | $5,942 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 11% |
| Agricultural | 1% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 6% |