Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.39% | +0.03 | 1.36% |
| Return on Equity (%) | ▼ | 14.07% | -0.18 | 14.25% |
| Net Interest Margin (%) | ▲ | 4.09% | +0.34 | 3.75% |
| Efficiency Ratio (%) | ▲ | 60.39% | -1.68 | 62.07% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.84 | $7 |
| Cost of Funds (%) | ▲ | 1.42% | -0.15 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,843 | -28.49 | $1,871 |
| Gross Loans ($M) | ▼ | $1,454 | -16.38 | $1,471 |
| Loan Growth YoY (%) | ▼ | 92.66% | -0.31 | 92.97% |
| Total Deposits ($M) | ▼ | $1,547 | -11.53 | $1,558 |
| Shareholders Equity ($M) | ▲ | $183 | +3.52 | $180 |
| Tang. Book Value ($M) | ▲ | $183 | +3.52 | $180 |
| TBV excl. AOCI ($M)** | ▲ | $193 | +2.80 | $191 |
| Loan / Deposit Ratio (%) | ▼ | 92.66% | -0.31 | 92.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.37% | +0.23 | 0.14% |
| Allowance / Loans (%) | — | 1.44% | -0.04% | 1.48% |
| Net Charge-Off Ratio (%) | ▼ | 0.47% | +0.30 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.94% | -0.22 | 13.16% |
Noninterest income ($2.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▅▇█ | Net Interest Margin (%) | 3.55% | 3.57% | 3.63% | 3.75% | 3.83% | 3.89% | 3.96% | 4.09% |
| ▂▁▁▆███▇ | Return on Assets (%) | 1.21% | 1.17% | 1.20% | 1.36% | 1.42% | 1.43% | 1.42% | 1.39% |
| █▇▇▇▂▁▂▃ | Efficiency Ratio (%) | 62.6% | 62.0% | 62.1% | 62.1% | 60.1% | 59.5% | 60.0% | 60.4% |
| ▇█▅▃▂▂▁▁ | Cost of Funds (%) | 1.83% | 1.89% | 1.69% | 1.56% | 1.48% | 1.52% | 1.46% | 1.42% |
| ██▂▁▄▇▇▇ | NPA / Assets (%) | 0.39% | 0.42% | 0.20% | 0.14% | 0.28% | 0.38% | 0.37% | 0.37% |
| ▄▃▁▁▁▅██ | Net Charge-Off Ratio (%) | 0.30% | 0.28% | 0.19% | 0.17% | 0.19% | 0.32% | 0.46% | 0.47% |
| ▁▄▁▅▄▆█▇ | Tang. Book Value ($M) | $172 | $177 | $173 | $180 | $177 | $182 | $185 | $183 |
| ▆▂▂▃▂█▅▁ | Gross Loans ($M) | $1,500 | $1,467 | $1,466 | $1,471 | $1,463 | $1,515 | $1,487 | $1,454 |
| ▆▁▄▆▃▄█▄ | Total Deposits ($M) | $1,557 | $1,517 | $1,548 | $1,558 | $1,539 | $1,548 | $1,580 | $1,547 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 6% |