Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.13 | 1.09% |
| Return on Equity (%) | ▲ | 12.37% | +0.46 | 11.91% |
| Net Interest Margin (%) | ▲ | 2.90% | +0.04 | 2.86% |
| Efficiency Ratio (%) | ▼ | 56.47% | +0.01 | 56.46% |
| Pre-Provision Profit ($M) | ▲ | $15 | +0.97 | $14 |
| Cost of Funds (%) | ▲ | 1.84% | -0.10 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,165 | +255.89 | $3,909 |
| Gross Loans ($M) | ▲ | $2,577 | +126.61 | $2,451 |
| Loan Growth YoY (%) | ▼ | 72.03% | -0.90 | 72.93% |
| Total Deposits ($M) | ▲ | $3,532 | +214.34 | $3,317 |
| Shareholders Equity ($M) | ▲ | $411 | +48.92 | $362 |
| Tang. Book Value ($M) | ▲ | $377 | +49.92 | $328 |
| TBV excl. AOCI ($M)** | ▲ | $421 | +46.91 | $374 |
| Loan / Deposit Ratio (%) | ▼ | 72.03% | -0.90 | 72.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.21% | -0.02 | 0.23% |
| Allowance / Loans (%) | — | 1.30% | 0.02% | 1.28% |
| Net Charge-Off Ratio (%) | ▼ | 0.23% | +0.00 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.83% | +0.96 | 12.87% |
Noninterest income ($7.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▇▆▁▇▇█▃ | Net Interest Margin (%) | 2.97% | 2.98% | 2.96% | 2.86% | 2.97% | 2.98% | 3.00% | 2.90% |
| ▁▁▁▁▇██▆ | Return on Assets (%) | 1.11% | 1.09% | 1.10% | 1.09% | 1.25% | 1.27% | 1.27% | 1.22% |
| ▄▇▆█▁▃▁█ | Efficiency Ratio (%) | 55.0% | 56.1% | 55.7% | 56.5% | 53.7% | 54.6% | 53.9% | 56.5% |
| ▁█▇▆▇▇▆▁ | Cost of Funds (%) | 1.85% | 1.98% | 1.96% | 1.94% | 1.95% | 1.95% | 1.93% | 1.84% |
| ▅█▂█▁▅▁▅ | NPA / Assets (%) | 0.21% | 0.23% | 0.18% | 0.23% | 0.17% | 0.20% | 0.18% | 0.21% |
| ▄█▁█▁▆▃█ | Net Charge-Off Ratio (%) | 0.19% | 0.23% | 0.15% | 0.23% | 0.15% | 0.21% | 0.18% | 0.23% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $291 | $314 | $315 | $328 | $345 | $365 | $369 | $377 |
| ▁▃▅▅▆███ | Gross Loans ($M) | $2,194 | $2,305 | $2,434 | $2,451 | $2,469 | $2,557 | $2,605 | $2,577 |
| ▁▁▅▅▄▅▇█ | Total Deposits ($M) | $3,044 | $3,101 | $3,296 | $3,317 | $3,273 | $3,331 | $3,437 | $3,532 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 14% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 9% |