Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.82% | +0.08 | 0.74% |
| Return on Equity (%) | ▲ | 6.06% | +0.35 | 5.71% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.11 | 3.56% |
| Efficiency Ratio (%) | ▲ | 73.25% | -4.56 | 77.82% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.44 | $6 |
| Cost of Funds (%) | ▲ | 1.60% | -0.13 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,810 | +28.71 | $2,781 |
| Gross Loans ($M) | ▲ | $1,851 | +109.82 | $1,741 |
| Loan Growth YoY (%) | ▲ | 84.19% | +3.44 | 80.75% |
| Total Deposits ($M) | ▲ | $2,175 | +41.54 | $2,133 |
| Shareholders Equity ($M) | ▲ | $367 | +1.95 | $365 |
| Tang. Book Value ($M) | ▲ | $309 | +2.76 | $306 |
| TBV excl. AOCI ($M)** | ▲ | $337 | +1.78 | $335 |
| Loan / Deposit Ratio (%) | ▲ | 84.19% | +3.44 | 80.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.96% | +0.38 | 0.58% |
| Allowance / Loans (%) | — | 1.11% | 0.01% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 1.34% | +0.44 | 0.90% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -18.96 | 18.96% |
Noninterest income ($3.82M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▆██▇ | Net Interest Margin (%) | 3.45% | 3.46% | 3.54% | 3.56% | 3.63% | 3.68% | 3.71% | 3.67% |
| ▇█▇▂▁▆██ | Return on Assets (%) | 0.80% | 0.81% | 0.80% | 0.74% | 0.72% | 0.79% | 0.81% | 0.82% |
| ▁▃▃██▅▁▁ | Efficiency Ratio (%) | 73.4% | 74.5% | 74.7% | 77.8% | 77.9% | 75.6% | 73.2% | 73.3% |
| ▄██▅▄▇▆▁ | Cost of Funds (%) | 1.70% | 1.87% | 1.85% | 1.73% | 1.73% | 1.83% | 1.79% | 1.60% |
| ▁▂▁▂▃▄██ | NPA / Assets (%) | 0.55% | 0.59% | 0.52% | 0.58% | 0.66% | 0.72% | 0.98% | 0.96% |
| ▁▂▁▂▄▅██ | Net Charge-Off Ratio (%) | 0.75% | 0.85% | 0.74% | 0.90% | 0.98% | 1.08% | 1.39% | 1.34% |
| ▁▃▂▄▅▇█▄ | Tang. Book Value ($M) | $290 | $301 | $298 | $306 | $310 | $321 | $329 | $309 |
| ▁▃▄▄▇▇██ | Gross Loans ($M) | $1,664 | $1,728 | $1,752 | $1,741 | $1,816 | $1,824 | $1,848 | $1,851 |
| ▁▅▇▆▆▄▆█ | Total Deposits ($M) | $2,014 | $2,101 | $2,142 | $2,133 | $2,124 | $2,092 | $2,118 | $2,175 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 11% |
| Agricultural | 4% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |