Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.83% | +0.06 | 1.77% |
| Return on Equity (%) | ▼ | 13.55% | -0.98 | 14.53% |
| Net Interest Margin (%) | ▲ | 4.33% | +0.33 | 4.00% |
| Efficiency Ratio (%) | ▲ | 47.23% | -2.17 | 49.41% |
| Pre-Provision Profit ($M) | ▲ | $61 | +6.42 | $54 |
| Cost of Funds (%) | ▲ | 1.51% | -0.28 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,111 | +150.96 | $8,960 |
| Gross Loans ($M) | ▲ | $7,087 | +220.97 | $6,866 |
| Loan Growth YoY (%) | ▲ | 95.76% | +5.33 | 90.43% |
| Total Deposits ($M) | ▼ | $7,228 | -190.17 | $7,418 |
| Shareholders Equity ($M) | ▲ | $1,275 | +104.67 | $1,171 |
| Tang. Book Value ($M) | ▲ | $1,189 | +104.70 | $1,084 |
| TBV excl. AOCI ($M)** | ▲ | $1,265 | +106.09 | $1,159 |
| Loan / Deposit Ratio (%) | ▲ | 95.76% | +5.33 | 90.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.80% | +0.33 | 0.47% |
| Allowance / Loans (%) | — | 2.33% | 0.03% | 2.29% |
| Net Charge-Off Ratio (%) | ▼ | 1.03% | +0.42 | 0.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.28% | +0.44 | 14.84% |
Noninterest income ($22.97M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.69% | 3.74% | 3.78% | 4.00% | 4.07% | 4.15% | 4.24% | 4.33% |
| ▁▂▁▆▆███ | Return on Assets (%) | 1.58% | 1.62% | 1.58% | 1.77% | 1.75% | 1.82% | 1.84% | 1.83% |
| ▇██▅▂▂▂▁ | Efficiency Ratio (%) | 50.6% | 50.7% | 51.2% | 49.4% | 48.1% | 48.0% | 47.8% | 47.2% |
| ██▆▅▄▄▃▁ | Cost of Funds (%) | 2.04% | 2.07% | 1.90% | 1.79% | 1.76% | 1.77% | 1.66% | 1.51% |
| ▁▂▂▃█▆██ | NPA / Assets (%) | 0.26% | 0.38% | 0.37% | 0.47% | 0.81% | 0.71% | 0.86% | 0.80% |
| ▁▂▂▃█▆██ | Net Charge-Off Ratio (%) | 0.34% | 0.50% | 0.47% | 0.61% | 1.04% | 0.92% | 1.11% | 1.03% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $994 | $1,051 | $1,052 | $1,084 | $1,119 | $1,154 | $1,175 | $1,189 |
| ▁▁▄▅█▆██ | Gross Loans ($M) | $6,656 | $6,620 | $6,857 | $6,866 | $7,102 | $6,972 | $7,052 | $7,087 |
| ▂▁▃███▃▃ | Total Deposits ($M) | $7,196 | $7,127 | $7,231 | $7,418 | $7,443 | $7,410 | $7,226 | $7,228 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 29% |
| C&I / Commercial | 66% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 10% |