Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.06 | 1.23% |
| Return on Equity (%) | ▲ | 11.26% | +0.06 | 11.20% |
| Net Interest Margin (%) | ▲ | 3.27% | +0.19 | 3.08% |
| Efficiency Ratio (%) | ▼ | 57.56% | +6.68 | 50.88% |
| Pre-Provision Profit ($M) | ▼ | $24 | -0.52 | $25 |
| Cost of Funds (%) | ▲ | 2.10% | -0.43 | 2.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,133 | +504.14 | $5,629 |
| Gross Loans ($M) | ▼ | $3,098 | -38.21 | $3,137 |
| Loan Growth YoY (%) | ▼ | 61.00% | -1.39 | 62.40% |
| Total Deposits ($M) | ▲ | $5,019 | +55.45 | $4,964 |
| Shareholders Equity ($M) | ▲ | $700 | +80.65 | $619 |
| Tang. Book Value ($M) | ▲ | $640 | +81.60 | $559 |
| TBV excl. AOCI ($M)** | ▲ | $760 | +112.68 | $647 |
| Loan / Deposit Ratio (%) | ▼ | 61.00% | -1.39 | 62.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.52% | +0.29 | 0.23% |
| Allowance / Loans (%) | — | 1.18% | -0.08% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 1.03% | +0.67 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($11.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▆▇█ | Net Interest Margin (%) | 2.90% | 2.87% | 2.90% | 3.08% | 3.10% | 3.14% | 3.18% | 3.27% |
| ▁█▆▁▁▁▁▁ | Return on Assets (%) | 1.28% | 2.32% | 1.96% | 1.23% | 1.24% | 1.23% | 1.22% | 1.29% |
| ▇▁▂▅▆▇▇█ | Efficiency Ratio (%) | 53.3% | 40.3% | 44.2% | 50.9% | 52.6% | 54.3% | 54.2% | 57.6% |
| ██▆▅▅▆▂▁ | Cost of Funds (%) | 2.87% | 2.83% | 2.62% | 2.53% | 2.49% | 2.59% | 2.29% | 2.10% |
| ▂▃▁▁▁█▆▄ | NPA / Assets (%) | 0.33% | 0.41% | 0.26% | 0.23% | 0.26% | 0.88% | 0.65% | 0.52% |
| ▂▂▁▁▁█▆▅ | Net Charge-Off Ratio (%) | 0.52% | 0.62% | 0.38% | 0.35% | 0.40% | 1.53% | 1.21% | 1.03% |
| ▁▄▃▅▅▇██ | Tang. Book Value ($M) | $472 | $536 | $532 | $559 | $577 | $599 | $623 | $640 |
| ▅▇▆▃█▇▇▁ | Gross Loans ($M) | $3,154 | $3,178 | $3,176 | $3,137 | $3,205 | $3,188 | $3,179 | $3,098 |
| ▁▃▄▇▆▇█▇ | Total Deposits ($M) | $4,367 | $4,610 | $4,710 | $4,964 | $4,909 | $5,016 | $5,131 | $5,019 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 16% |
| Agricultural | 12% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 27% |