Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.75% | -0.01 | 0.77% |
| Return on Equity (%) | ▼ | 13.23% | -1.76 | 14.99% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.11 | 3.38% |
| Efficiency Ratio (%) | ▲ | 73.25% | -0.55 | 73.80% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.88 | $7 |
| Cost of Funds (%) | ▲ | 1.79% | -0.02 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,938 | +164.34 | $2,774 |
| Gross Loans ($M) | ▲ | $1,648 | +179.51 | $1,468 |
| Loan Growth YoY (%) | ▲ | 64.90% | +4.01 | 60.90% |
| Total Deposits ($M) | ▲ | $2,510 | +127.08 | $2,383 |
| Shareholders Equity ($M) | ▲ | $153 | +6.44 | $146 |
| Tang. Book Value ($M) | ▲ | $127 | +6.66 | $120 |
| TBV excl. AOCI ($M)** | ▲ | $171 | +6.74 | $164 |
| Loan / Deposit Ratio (%) | ▲ | 64.90% | +4.01 | 60.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.23% | +0.33 | 0.91% |
| Allowance / Loans (%) | — | 1.10% | -0.03% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.94% | -0.65 | 1.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($5.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▇██ | Net Interest Margin (%) | 3.20% | 3.23% | 3.37% | 3.38% | 3.39% | 3.44% | 3.48% | 3.49% |
| ▄▅▇▆▁▄█▆ | Return on Assets (%) | 0.68% | 0.73% | 0.79% | 0.77% | 0.55% | 0.69% | 0.85% | 0.75% |
| █▅▂▅▅▃▁▄ | Efficiency Ratio (%) | 76.6% | 73.9% | 71.9% | 73.8% | 73.9% | 72.9% | 70.9% | 73.3% |
| ▆█▅▁▅██▁ | Cost of Funds (%) | 1.91% | 1.95% | 1.89% | 1.81% | 1.88% | 1.96% | 1.96% | 1.79% |
| ▁▂▁▁██▆▆ | NPA / Assets (%) | 0.89% | 0.99% | 0.88% | 0.91% | 1.43% | 1.43% | 1.26% | 1.23% |
| ▄▅▃▄██▁▁ | Net Charge-Off Ratio (%) | 1.63% | 1.85% | 1.53% | 1.59% | 2.56% | 2.45% | 0.97% | 0.94% |
| ▁▆▂▄▃▇█▅ | Tang. Book Value ($M) | $98 | $137 | $106 | $120 | $114 | $139 | $152 | $127 |
| ▁▁▄▅▆▇▇█ | Gross Loans ($M) | $1,260 | $1,306 | $1,428 | $1,468 | $1,511 | $1,565 | $1,575 | $1,648 |
| ▁▁▂▅▆▆▆█ | Total Deposits ($M) | $2,226 | $2,260 | $2,276 | $2,383 | $2,427 | $2,421 | $2,425 | $2,510 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 19% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 14% |