Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.91% | +0.23 | 0.68% |
| Return on Equity (%) | ▲ | 8.62% | +0.90 | 7.72% |
| Net Interest Margin (%) | ▲ | 3.21% | +0.46 | 2.75% |
| Efficiency Ratio (%) | ▲ | 67.06% | -5.37 | 72.43% |
| Pre-Provision Profit ($M) | ▲ | $10 | +2.60 | $8 |
| Cost of Funds (%) | ▲ | 1.03% | -0.15 | 1.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $3,266 | -7.63 | $3,274 |
| Gross Loans ($M) | ▲ | $1,743 | +130.96 | $1,612 |
| Loan Growth YoY (%) | ▲ | 60.36% | +5.75 | 54.61% |
| Total Deposits ($M) | ▼ | $2,838 | -50.79 | $2,888 |
| Shareholders Equity ($M) | ▲ | $350 | +48.95 | $301 |
| Tang. Book Value ($M) | ▲ | $350 | +49.06 | $301 |
| TBV excl. AOCI ($M)** | ▲ | $408 | +39.87 | $368 |
| Loan / Deposit Ratio (%) | ▲ | 60.36% | +5.75 | 54.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.46% | +0.09 | 0.37% |
| Allowance / Loans (%) | — | 1.75% | -0.42% | 2.17% |
| Net Charge-Off Ratio (%) | ▼ | 0.86% | +0.11 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.70% | +0.15 | 18.55% |
Noninterest income ($6.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▅█ | Net Interest Margin (%) | 2.64% | 2.61% | 2.63% | 2.75% | 2.86% | 2.92% | 2.98% | 3.21% |
| ▁▁▃▃▅▇██ | Return on Assets (%) | 0.61% | 0.60% | 0.71% | 0.68% | 0.77% | 0.86% | 0.91% | 0.91% |
| ███▆▄▁▁▁ | Efficiency Ratio (%) | 74.4% | 74.4% | 73.4% | 72.4% | 69.9% | 67.0% | 66.9% | 67.1% |
| ▇██▄▄▃▃▁ | Cost of Funds (%) | 1.28% | 1.36% | 1.36% | 1.19% | 1.16% | 1.15% | 1.13% | 1.03% |
| ▁▂▆▆▂▁██ | NPA / Assets (%) | 0.12% | 0.18% | 0.34% | 0.37% | 0.16% | 0.09% | 0.48% | 0.46% |
| ▁▃▆▇▂▁██ | Net Charge-Off Ratio (%) | 0.25% | 0.37% | 0.69% | 0.75% | 0.32% | 0.17% | 0.92% | 0.86% |
| ▁▄▃▄▆▇██ | Tang. Book Value ($M) | $257 | $293 | $280 | $301 | $316 | $332 | $346 | $350 |
| ▁▁▂▁▂▆██ | Gross Loans ($M) | $1,600 | $1,603 | $1,619 | $1,612 | $1,635 | $1,707 | $1,731 | $1,743 |
| ▁▃▅█▇██▅ | Total Deposits ($M) | $2,776 | $2,817 | $2,832 | $2,888 | $2,871 | $2,887 | $2,875 | $2,838 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 6% |