Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.13% | -0.02 | 1.14% |
| Return on Equity (%) | ▼ | 11.77% | -0.75 | 12.52% |
| Net Interest Margin (%) | ▲ | 4.11% | +0.54 | 3.56% |
| Efficiency Ratio (%) | ▲ | 63.43% | -2.16 | 65.60% |
| Pre-Provision Profit ($M) | ▲ | $20 | +4.21 | $16 |
| Cost of Funds (%) | ▲ | 1.69% | -0.34 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,868 | +269.43 | $4,598 |
| Gross Loans ($M) | ▲ | $3,968 | +344.82 | $3,623 |
| Loan Growth YoY (%) | ▲ | 90.09% | +3.49 | 86.61% |
| Total Deposits ($M) | ▲ | $4,352 | +214.34 | $4,138 |
| Shareholders Equity ($M) | ▲ | $470 | +48.07 | $421 |
| Tang. Book Value ($M) | ▲ | $456 | +48.11 | $407 |
| TBV excl. AOCI ($M)** | ▲ | $484 | +48.66 | $435 |
| Loan / Deposit Ratio (%) | ▲ | 90.09% | +3.49 | 86.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.87% | +0.03 | 0.84% |
| Allowance / Loans (%) | — | 1.18% | 0.09% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 1.06% | -0.01 | 1.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.32% | -0.01 | 11.33% |
Noninterest income ($9.04M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▄▅█ | Net Interest Margin (%) | 3.15% | 3.21% | 3.25% | 3.56% | 3.62% | 3.63% | 3.70% | 4.11% |
| ▁▁▂██▇▇█ | Return on Assets (%) | 0.55% | 0.61% | 0.70% | 1.14% | 1.08% | 1.06% | 1.01% | 1.13% |
| █▇▆▂▂▂▂▁ | Efficiency Ratio (%) | 78.9% | 76.6% | 74.4% | 65.6% | 66.0% | 65.9% | 66.8% | 63.4% |
| ▆█▇▅▄▅▃▁ | Cost of Funds (%) | 2.15% | 2.31% | 2.18% | 2.03% | 2.00% | 2.00% | 1.88% | 1.69% |
| ▁▂▂▆███▆ | NPA / Assets (%) | 0.26% | 0.42% | 0.41% | 0.84% | 1.08% | 1.17% | 1.06% | 0.87% |
| ▁▂▂▆██▇▆ | Net Charge-Off Ratio (%) | 0.33% | 0.52% | 0.50% | 1.07% | 1.32% | 1.44% | 1.29% | 1.06% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $368 | $390 | $391 | $407 | $423 | $435 | $448 | $456 |
| ▁▂▃▃▆▇██ | Gross Loans ($M) | $3,435 | $3,512 | $3,619 | $3,623 | $3,774 | $3,868 | $3,968 | $3,968 |
| ▁▂▃▆▅███ | Total Deposits ($M) | $3,727 | $3,881 | $3,939 | $4,138 | $4,103 | $4,296 | $4,321 | $4,352 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 25% |
| Agricultural | 13% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 27% |