Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -2.40% | -2.44 | 0.05% |
| Return on Equity (%) | ▼ | -26.74% | -27.30 | 0.56% |
| Net Interest Margin (%) | ▲ | 2.91% | +0.13 | 2.78% |
| Efficiency Ratio (%) | ▲ | 89.32% | -5.29 | 94.61% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.81 | $1 |
| Cost of Funds (%) | ▲ | 2.12% | -0.55 | 2.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,780 | -21.39 | $1,802 |
| Gross Loans ($M) | ▼ | $1,165 | -194.33 | $1,359 |
| Loan Growth YoY (%) | ▼ | 74.59% | -10.99 | 85.58% |
| Total Deposits ($M) | ▼ | $1,538 | -31.33 | $1,569 |
| Shareholders Equity ($M) | ▲ | $162 | +10.39 | $152 |
| Tang. Book Value ($M) | ▲ | $145 | +10.70 | $135 |
| TBV excl. AOCI ($M)** | ▲ | $159 | +10.82 | $148 |
| Loan / Deposit Ratio (%) | ▼ | 74.59% | -10.99 | 85.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.20% | +1.94 | 1.25% |
| Allowance / Loans (%) | — | 1.54% | 0.33% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 4.01% | +2.78 | 1.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.21% | +1.12 | 11.09% |
Noninterest income ($2.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▆▆▇▇█ | Net Interest Margin (%) | 2.49% | 2.43% | 2.47% | 2.78% | 2.75% | 2.80% | 2.82% | 2.91% |
| █▇▇▇▇▇▇▁ | Return on Assets (%) | 0.63% | 0.25% | 0.01% | 0.05% | -0.04% | 0.03% | -0.03% | -2.40% |
| ▁▄▆██▇█▆ | Efficiency Ratio (%) | 75.8% | 84.8% | 89.2% | 94.6% | 96.9% | 93.8% | 94.7% | 89.3% |
| ███▆▆▄▂▁ | Cost of Funds (%) | 2.90% | 2.94% | 2.86% | 2.67% | 2.68% | 2.45% | 2.32% | 2.12% |
| ▁▂▁▁▅▇▇█ | NPA / Assets (%) | 1.22% | 1.40% | 0.99% | 1.25% | 2.31% | 2.69% | 2.65% | 3.20% |
| ▂▂▁▁▅▇▆█ | Net Charge-Off Ratio (%) | 1.45% | 1.44% | 0.87% | 1.23% | 2.70% | 3.38% | 3.13% | 4.01% |
| ▇█▃▃▁▄▄█ | Tang. Book Value ($M) | $143 | $143 | $134 | $135 | $130 | $137 | $137 | $145 |
| ███▇▅▃▁▁ | Gross Loans ($M) | $1,403 | $1,394 | $1,415 | $1,359 | $1,300 | $1,238 | $1,167 | $1,165 |
| ▃▅█▆▄▃▁▃ | Total Deposits ($M) | $1,536 | $1,560 | $1,595 | $1,569 | $1,547 | $1,538 | $1,515 | $1,538 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 18% |
| Agricultural | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 13% |