Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.54% | +1.17 | 0.37% |
| Return on Equity (%) | ▲ | 11.37% | +8.63 | 2.74% |
| Net Interest Margin (%) | ▲ | 3.23% | +0.01 | 3.22% |
| Efficiency Ratio (%) | ▲ | 71.91% | -18.65 | 90.56% |
| Pre-Provision Profit ($M) | ▲ | $10 | +7.66 | $3 |
| Cost of Funds (%) | ▲ | 2.06% | -0.37 | 2.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,014 | +111.52 | $1,903 |
| Gross Loans ($M) | ▲ | $1,545 | +109.45 | $1,436 |
| Loan Growth YoY (%) | ▲ | 123.92% | +4.92 | 119.00% |
| Total Deposits ($M) | ▲ | $1,237 | +40.09 | $1,197 |
| Shareholders Equity ($M) | ▲ | $277 | +14.90 | $262 |
| Tang. Book Value ($M) | ▲ | $171 | +17.46 | $153 |
| TBV excl. AOCI ($M)** | ▲ | $177 | +17.37 | $160 |
| Loan / Deposit Ratio (%) | ▲ | 123.92% | +4.92 | 119.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.49% | -0.93 | 3.42% |
| Allowance / Loans (%) | — | 0.76% | 0.00% | 0.76% |
| Net Charge-Off Ratio (%) | ▲ | 3.00% | -1.45 | 4.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.09% | +1.19 | 13.90% |
Noninterest income ($22.76M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▇███▇ | Net Interest Margin (%) | 2.92% | 3.03% | 3.07% | 3.22% | 3.27% | 3.25% | 3.28% | 3.23% |
| ▇▅▄▁▁▁▁█ | Return on Assets (%) | 1.39% | 0.99% | 0.83% | 0.37% | 0.43% | 0.49% | 0.51% | 1.54% |
| ▄▆▆████▁ | Efficiency Ratio (%) | 79.2% | 84.1% | 85.4% | 90.6% | 90.5% | 89.2% | 88.5% | 71.9% |
| ███▇▅▆▂▁ | Cost of Funds (%) | 2.51% | 2.52% | 2.49% | 2.42% | 2.31% | 2.38% | 2.16% | 2.06% |
| ▁▄▇▇▅▅█▂ | NPA / Assets (%) | 2.18% | 2.78% | 3.46% | 3.42% | 3.03% | 2.97% | 3.70% | 2.49% |
| ▁▄█▇▅▄█▁ | Net Charge-Off Ratio (%) | 2.87% | 3.68% | 4.51% | 4.45% | 3.85% | 3.71% | 4.70% | 3.00% |
| ▁▁▄▄▄▄▄█ | Tang. Book Value ($M) | $140 | $138 | $152 | $153 | $152 | $152 | $152 | $171 |
| ▂▁▂▃▇▇██ | Gross Loans ($M) | $1,428 | $1,397 | $1,428 | $1,436 | $1,509 | $1,518 | $1,536 | $1,545 |
| ▇▆▁▆▇█▇█ | Total Deposits ($M) | $1,200 | $1,190 | $1,079 | $1,197 | $1,203 | $1,237 | $1,213 | $1,237 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 41% |
| Brokered / Other | 29% |