Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.39% | +0.60 | 0.79% |
| Return on Equity (%) | ▲ | 12.37% | +4.40 | 7.97% |
| Net Interest Margin (%) | ▲ | 4.12% | +1.43 | 2.69% |
| Efficiency Ratio (%) | ▲ | 58.52% | -8.95 | 67.47% |
| Pre-Provision Profit ($M) | ▲ | $12 | +6.32 | $5 |
| Cost of Funds (%) | ▲ | 1.84% | -0.42 | 2.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,688 | +602.93 | $2,085 |
| Gross Loans ($M) | ▲ | $1,758 | +481.66 | $1,277 |
| Loan Growth YoY (%) | ▲ | 76.16% | +5.02 | 71.14% |
| Total Deposits ($M) | ▲ | $2,283 | +506.35 | $1,777 |
| Shareholders Equity ($M) | ▲ | $306 | +101.61 | $204 |
| Tang. Book Value ($M) | ▲ | $270 | +89.76 | $180 |
| TBV excl. AOCI ($M)** | ▲ | $305 | +95.45 | $209 |
| Loan / Deposit Ratio (%) | ▲ | 76.16% | +5.02 | 71.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.38% | +0.12 | 0.25% |
| Allowance / Loans (%) | — | 1.11% | 0.12% | 0.99% |
| Net Charge-Off Ratio (%) | ▼ | 0.53% | +0.12 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.00% | +0.84 | 14.15% |
Noninterest income ($6.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▂▂▃█ | Net Interest Margin (%) | 2.47% | 2.46% | 2.50% | 2.69% | 2.76% | 2.82% | 2.91% | 4.12% |
| ▁▁▁▂▃▃▃█ | Return on Assets (%) | 0.60% | 0.64% | 0.66% | 0.79% | 0.86% | 0.86% | 0.84% | 1.39% |
| ████▅▅▆▁ | Efficiency Ratio (%) | 68.6% | 67.8% | 67.7% | 67.5% | 64.3% | 64.1% | 65.0% | 58.5% |
| ███▅▅▆▃▁ | Cost of Funds (%) | 2.49% | 2.56% | 2.53% | 2.27% | 2.25% | 2.30% | 2.04% | 1.84% |
| ▅▅▂▁▁▇█▆ | NPA / Assets (%) | 0.35% | 0.36% | 0.27% | 0.25% | 0.24% | 0.43% | 0.46% | 0.38% |
| ▃▄▁▁▁██▄ | Net Charge-Off Ratio (%) | 0.48% | 0.52% | 0.42% | 0.41% | 0.39% | 0.66% | 0.68% | 0.53% |
| ▁▂▂▂▂▃▄█ | Tang. Book Value ($M) | $163 | $179 | $177 | $180 | $189 | $197 | $204 | $270 |
| ▁▁▁▁▁▁▁█ | Gross Loans ($M) | $1,289 | $1,294 | $1,264 | $1,277 | $1,275 | $1,289 | $1,280 | $1,758 |
| ▁▁▁▂▂▂▂█ | Total Deposits ($M) | $1,673 | $1,694 | $1,690 | $1,777 | $1,821 | $1,784 | $1,757 | $2,283 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 10% |
| Agricultural | 4% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 12% |