Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.97% | +0.50 | 1.47% |
| Return on Equity (%) | ▲ | 19.62% | +3.33 | 16.29% |
| Net Interest Margin (%) | ▲ | 3.93% | +0.38 | 3.55% |
| Efficiency Ratio (%) | ▲ | 51.10% | -7.28 | 58.37% |
| Pre-Provision Profit ($M) | ▲ | $12 | +3.79 | $9 |
| Cost of Funds (%) | ▲ | 1.73% | -0.18 | 1.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,449 | +46.04 | $2,403 |
| Gross Loans ($M) | ▲ | $1,489 | +18.82 | $1,470 |
| Loan Growth YoY (%) | ▲ | 67.21% | +0.48 | 66.73% |
| Total Deposits ($M) | ▲ | $2,185 | +10.68 | $2,174 |
| Shareholders Equity ($M) | ▲ | $246 | +35.90 | $210 |
| Tang. Book Value ($M) | ▲ | $220 | +39.00 | $181 |
| TBV excl. AOCI ($M)** | ▲ | $259 | +44.43 | $215 |
| Loan / Deposit Ratio (%) | ▲ | 67.21% | +0.48 | 66.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.50% | -0.78 | 1.28% |
| Allowance / Loans (%) | — | 1.40% | 0.07% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 0.71% | +0.05 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.89% | +1.53 | 14.37% |
Noninterest income ($4.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 3.22% | 3.25% | 3.31% | 3.55% | 3.74% | 3.83% | 3.88% | 3.93% |
| ▁▁▁▁▃▄▅█ | Return on Assets (%) | 1.48% | 1.52% | 1.48% | 1.47% | 1.60% | 1.71% | 1.76% | 1.97% |
| ▇▆▇█▆▄▃▁ | Efficiency Ratio (%) | 56.8% | 56.4% | 57.2% | 58.4% | 56.0% | 54.2% | 53.4% | 51.1% |
| ██▇▃▃▂▁▁ | Cost of Funds (%) | 2.42% | 2.43% | 2.28% | 1.91% | 1.99% | 1.88% | 1.82% | 1.73% |
| ▅▇█▇██▇▁ | NPA / Assets (%) | 1.07% | 1.26% | 1.47% | 1.28% | 1.46% | 1.41% | 1.31% | 0.50% |
| ▇█▁▁▂▂▁▁ | Net Charge-Off Ratio (%) | 1.66% | 1.97% | 0.75% | 0.66% | 0.92% | 0.85% | 0.74% | 0.71% |
| ▁▃▃▂▃▆██ | Tang. Book Value ($M) | $171 | $188 | $185 | $181 | $189 | $202 | $220 | $220 |
| ▁▁▁▆▆███ | Gross Loans ($M) | $1,387 | $1,384 | $1,386 | $1,470 | $1,469 | $1,501 | $1,498 | $1,489 |
| ▁▁▂█▇▇██ | Total Deposits ($M) | $1,734 | $1,762 | $1,805 | $2,174 | $2,116 | $2,124 | $2,184 | $2,185 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 14% |
| Agricultural | 11% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 14% |