Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.31% | -1.57 | 1.25% |
| Return on Equity (%) | ▼ | -2.67% | -11.50 | 8.83% |
| Net Interest Margin (%) | ▲ | 2.40% | +0.33 | 2.07% |
| Efficiency Ratio (%) | ▼ | 93.97% | +12.62 | 81.35% |
| Pre-Provision Profit ($M) | ▼ | $5 | -11.55 | $16 |
| Cost of Funds (%) | ▲ | 1.83% | -0.96 | 2.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,799 | +1397.72 | $2,401 |
| Gross Loans ($M) | ▲ | $2,457 | +1105.10 | $1,352 |
| Loan Growth YoY (%) | ▲ | 95.02% | +6.11 | 88.90% |
| Total Deposits ($M) | ▲ | $2,568 | +1056.16 | $1,512 |
| Shareholders Equity ($M) | ▲ | $431 | +72.57 | $359 |
| Tang. Book Value ($M) | ▲ | $268 | +10.17 | $258 |
| TBV excl. AOCI ($M)** | ▲ | $280 | +18.98 | $261 |
| Loan / Deposit Ratio (%) | ▲ | 95.02% | +6.11 | 88.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.45% | +0.93 | 1.53% |
| Allowance / Loans (%) | — | 0.69% | 0.12% | 0.57% |
| Net Charge-Off Ratio (%) | ▼ | 3.60% | +1.02 | 2.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.06% | -10.28 | 26.34% |
Noninterest income ($64.95M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▆▇██ | Net Interest Margin (%) | 1.97% | 1.97% | 2.06% | 2.07% | 2.26% | 2.35% | 2.37% | 2.40% |
| ▆▆▆█▇▆▆▁ | Return on Assets (%) | 0.85% | 0.86% | 0.78% | 1.25% | 0.93% | 0.85% | 0.69% | -0.31% |
| ▂▁▂▁▂▂▃█ | Efficiency Ratio (%) | 83.0% | 82.6% | 83.2% | 81.4% | 83.1% | 83.9% | 85.0% | 94.0% |
| ▇▇█▅▆▅▃▁ | Cost of Funds (%) | 3.11% | 3.15% | 3.50% | 2.79% | 3.01% | 2.77% | 2.45% | 1.83% |
| ▁▁▃▂▃▅█▅ | NPA / Assets (%) | 1.11% | 1.05% | 1.66% | 1.53% | 1.86% | 2.22% | 3.34% | 2.45% |
| ▁▁▂▂▃▄█▅ | Net Charge-Off Ratio (%) | 1.99% | 1.91% | 2.53% | 2.58% | 2.65% | 3.18% | 4.69% | 3.60% |
| ▆▆▅▅▆▅▁█ | Tang. Book Value ($M) | $261 | $262 | $259 | $258 | $262 | $259 | $246 | $268 |
| ▁▁▁▁▂▂▄█ | Gross Loans ($M) | $1,257 | $1,296 | $1,399 | $1,352 | $1,556 | $1,539 | $1,724 | $2,457 |
| ▁▂▁▂▂▁▁█ | Total Deposits ($M) | $1,335 | $1,581 | $1,381 | $1,512 | $1,483 | $1,395 | $1,309 | $2,568 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 10% |
| Agricultural | 5% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 17% |