Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.82% | -2.18 | 1.36% |
| Return on Equity (%) | ▼ | -8.32% | -24.81 | 16.49% |
| Net Interest Margin (%) | ▼ | 3.61% | -0.37 | 3.98% |
| Efficiency Ratio (%) | ▼ | 66.33% | +15.63 | 50.69% |
| Pre-Provision Profit ($M) | ▼ | $4 | -3.73 | $8 |
| Cost of Funds (%) | ▼ | 1.93% | +0.36 | 1.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,453 | -133.72 | $1,587 |
| Gross Loans ($M) | ▲ | $981 | +18.07 | $962 |
| Loan Growth YoY (%) | ▲ | 77.22% | +9.13 | 68.09% |
| Total Deposits ($M) | ▼ | $1,255 | -142.25 | $1,397 |
| Shareholders Equity ($M) | ▲ | $143 | +10.53 | $132 |
| Tang. Book Value ($M) | ▲ | $127 | +12.74 | $115 |
| TBV excl. AOCI ($M)** | ▲ | $142 | +11.36 | $131 |
| Loan / Deposit Ratio (%) | ▲ | 77.22% | +9.13 | 68.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.42% | +0.34 | 0.08% |
| Allowance / Loans (%) | — | 1.15% | 0.01% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 0.62% | +0.50 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.91% | +0.35 | 12.56% |
Noninterest income ($2.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁█▆▃▃▂ | Net Interest Margin (%) | 3.53% | 3.54% | 3.57% | 3.98% | 3.82% | 3.68% | 3.64% | 3.61% |
| ▇▇▇█▇▇▇▁ | Return on Assets (%) | 0.94% | 0.92% | 0.83% | 1.36% | 1.07% | 1.02% | 0.96% | -0.82% |
| ▇▇█▁▄▆▇█ | Efficiency Ratio (%) | 62.9% | 64.1% | 66.3% | 50.7% | 58.3% | 61.1% | 63.9% | 66.3% |
| ▅▆▂▁▆█▇▅ | Cost of Funds (%) | 1.90% | 2.00% | 1.69% | 1.57% | 2.02% | 2.17% | 2.05% | 1.93% |
| ▄▄▄▁▄█▁▅ | NPA / Assets (%) | 0.29% | 0.32% | 0.32% | 0.08% | 0.35% | 0.65% | 0.07% | 0.42% |
| ▄▄▄▁▄█▁▅ | Net Charge-Off Ratio (%) | 0.48% | 0.51% | 0.51% | 0.11% | 0.52% | 0.97% | 0.11% | 0.62% |
| ▁▃▂▄▅▇█▇ | Tang. Book Value ($M) | $103 | $111 | $109 | $115 | $117 | $126 | $131 | $127 |
| ▁▁▂▄▆▆█▇ | Gross Loans ($M) | $941 | $943 | $952 | $962 | $973 | $978 | $991 | $981 |
| ▆▅▆█▄▁▄▃ | Total Deposits ($M) | $1,327 | $1,311 | $1,342 | $1,397 | $1,295 | $1,201 | $1,278 | $1,255 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 12% |
| Agricultural | 14% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 14% |