Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +8.72 | -7.54% |
| Return on Equity (%) | ▲ | 12.69% | +88.91 | -76.22% |
| Net Interest Margin (%) | ▲ | 3.98% | +0.32 | 3.65% |
| Efficiency Ratio (%) | ▲ | 60.29% | -0.71 | 61.00% |
| Pre-Provision Profit ($M) | ▲ | $32 | +156.38 | $-124 |
| Cost of Funds (%) | ▲ | 1.67% | -0.46 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $6,540 | -734.18 | $7,274 |
| Gross Loans ($M) | ▼ | $4,345 | -960.59 | $5,306 |
| Loan Growth YoY (%) | ▼ | 78.48% | -9.04 | 87.52% |
| Total Deposits ($M) | ▼ | $5,451 | -491.99 | $5,943 |
| Shareholders Equity ($M) | ▼ | $605 | -54.26 | $660 |
| Tang. Book Value ($M) | ▼ | $578 | -45.64 | $623 |
| TBV excl. AOCI ($M)** | ▼ | $657 | -34.25 | $692 |
| Loan / Deposit Ratio (%) | ▼ | 78.48% | -9.04 | 87.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.91% | -1.15 | 2.06% |
| Allowance / Loans (%) | — | 1.56% | -0.42% | 1.98% |
| Net Charge-Off Ratio (%) | ▲ | 1.35% | -1.39 | 2.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.17% | +1.60 | 11.57% |
Noninterest income ($23.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▅▆█ | Net Interest Margin (%) | 3.57% | 3.57% | 3.58% | 3.65% | 3.70% | 3.80% | 3.84% | 3.98% |
| ███▁▄▅▆█ | Return on Assets (%) | 1.35% | 1.25% | 0.57% | -7.54% | -3.43% | -2.09% | -1.62% | 1.18% |
| ▁▁▂▆▅▅█▆ | Efficiency Ratio (%) | 50.0% | 50.4% | 52.7% | 61.0% | 59.3% | 59.0% | 66.4% | 60.3% |
| ██▇▅▅▄▄▁ | Cost of Funds (%) | 2.39% | 2.48% | 2.31% | 2.13% | 2.08% | 2.03% | 1.97% | 1.67% |
| ▅▅██▂▁▁▁ | NPA / Assets (%) | 1.56% | 1.60% | 2.08% | 2.06% | 1.13% | 1.00% | 1.02% | 0.91% |
| ▄▄██▂▁▁▁ | Net Charge-Off Ratio (%) | 1.92% | 2.00% | 2.74% | 2.75% | 1.58% | 1.41% | 1.50% | 1.35% |
| ▆█▃▄▅▁▁▁ | Tang. Book Value ($M) | $638 | $670 | $609 | $623 | $625 | $588 | $578 | $578 |
| ██▇▆▄▃▁▁ | Gross Loans ($M) | $5,835 | $5,736 | $5,513 | $5,306 | $5,073 | $4,875 | $4,360 | $4,345 |
| ▇██▅▆▂▁▁ | Total Deposits ($M) | $6,125 | $6,262 | $6,203 | $5,943 | $5,955 | $5,610 | $5,429 | $5,451 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 19% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 5% |