Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.91% | +0.65 | 1.27% |
| Return on Equity (%) | ▲ | 14.87% | +4.20 | 10.67% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.58 | 3.15% |
| Efficiency Ratio (%) | ▲ | 46.43% | -1.83 | 48.27% |
| Pre-Provision Profit ($M) | ▲ | $27 | +5.13 | $22 |
| Cost of Funds (%) | ▲ | 1.59% | -0.25 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,671 | +108.84 | $4,563 |
| Gross Loans ($M) | ▲ | $3,584 | +109.74 | $3,474 |
| Loan Growth YoY (%) | ▼ | 97.74% | -0.54 | 98.28% |
| Total Deposits ($M) | ▲ | $3,609 | +127.75 | $3,481 |
| Shareholders Equity ($M) | ▲ | $598 | +53.78 | $544 |
| Tang. Book Value ($M) | ▲ | $595 | +53.78 | $541 |
| TBV excl. AOCI ($M)** | ▲ | $643 | +56.39 | $587 |
| Loan / Deposit Ratio (%) | ▼ | 97.74% | -0.54 | 98.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.42% | -0.22 | 0.63% |
| Allowance / Loans (%) | — | 1.58% | 0.06% | 1.52% |
| Net Charge-Off Ratio (%) | ▲ | 0.53% | -0.27 | 0.80% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($8.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.64% | 2.68% | 2.73% | 3.15% | 3.26% | 3.33% | 3.41% | 3.73% |
| ▁▁▁▂▄▃▃█ | Return on Assets (%) | 1.13% | 1.13% | 1.10% | 1.27% | 1.46% | 1.35% | 1.33% | 1.91% |
| ██▇▃▁▁▁▁ | Efficiency Ratio (%) | 55.7% | 54.6% | 54.1% | 48.3% | 46.3% | 45.3% | 46.3% | 46.4% |
| ██▇▅▅▅▃▁ | Cost of Funds (%) | 2.00% | 2.02% | 1.96% | 1.84% | 1.82% | 1.83% | 1.75% | 1.59% |
| ██▅█▄▁▂▁ | NPA / Assets (%) | 0.66% | 0.64% | 0.56% | 0.63% | 0.50% | 0.40% | 0.44% | 0.42% |
| ██▆█▃▁▂▁ | Net Charge-Off Ratio (%) | 0.83% | 0.83% | 0.72% | 0.80% | 0.63% | 0.52% | 0.56% | 0.53% |
| ▁▂▂▃▄▇██ | Tang. Book Value ($M) | $520 | $539 | $539 | $541 | $559 | $582 | $600 | $595 |
| ▂▁▁▃▅▇██ | Gross Loans ($M) | $3,452 | $3,429 | $3,442 | $3,474 | $3,522 | $3,560 | $3,573 | $3,584 |
| ▁▄▃▆▃▄▃█ | Total Deposits ($M) | $3,235 | $3,378 | $3,348 | $3,481 | $3,336 | $3,381 | $3,371 | $3,609 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 8% |
| Agricultural | 3% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 7% |