Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.97% | -0.13 | 1.10% |
| Return on Equity (%) | ▼ | 8.02% | -1.63 | 9.65% |
| Net Interest Margin (%) | ▲ | 4.06% | +0.24 | 3.82% |
| Efficiency Ratio (%) | ▲ | 61.15% | -1.72 | 62.88% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.96 | $6 |
| Cost of Funds (%) | ▲ | 1.15% | -0.09 | 1.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,658 | +54.96 | $1,603 |
| Gross Loans ($M) | ▲ | $1,077 | +63.57 | $1,013 |
| Loan Growth YoY (%) | ▲ | 75.25% | +2.39 | 72.86% |
| Total Deposits ($M) | ▲ | $1,413 | +37.67 | $1,375 |
| Shareholders Equity ($M) | ▲ | $200 | +16.39 | $183 |
| Tang. Book Value ($M) | ▲ | $142 | +18.69 | $124 |
| TBV excl. AOCI ($M)** | ▲ | $162 | +19.65 | $143 |
| Loan / Deposit Ratio (%) | ▲ | 75.25% | +2.39 | 72.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.66% | +0.46 | 0.19% |
| Allowance / Loans (%) | — | 1.28% | 0.15% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 1.01% | +0.74 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.08% | +0.68 | 12.40% |
Noninterest income ($3.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▁▃▄▆███ | Net Interest Margin (%) | 3.97% | 3.61% | 3.74% | 3.82% | 3.93% | 4.01% | 4.02% | 4.06% |
| ▂█▆▃▄▄▅▁ | Return on Assets (%) | 1.06% | 1.37% | 1.25% | 1.10% | 1.15% | 1.16% | 1.19% | 0.97% |
| █▁▃▆▆▇▆▅ | Efficiency Ratio (%) | 66.4% | 54.1% | 58.5% | 62.9% | 62.9% | 63.6% | 62.3% | 61.2% |
| ██▅▃▄▄▃▁ | Cost of Funds (%) | 1.45% | 1.45% | 1.32% | 1.24% | 1.26% | 1.26% | 1.23% | 1.15% |
| ▃▃▂▁▁▆▆█ | NPA / Assets (%) | 0.31% | 0.29% | 0.24% | 0.19% | 0.15% | 0.50% | 0.50% | 0.66% |
| ▃▂▁▁▁▆▆█ | Net Charge-Off Ratio (%) | 0.42% | 0.39% | 0.29% | 0.27% | 0.20% | 0.77% | 0.76% | 1.01% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $107 | $120 | $116 | $124 | $127 | $136 | $141 | $142 |
| ▁▁▃▁▁▃██ | Gross Loans ($M) | $1,008 | $1,012 | $1,032 | $1,013 | $1,013 | $1,030 | $1,079 | $1,077 |
| ▂▁▂▅▂▄██ | Total Deposits ($M) | $1,349 | $1,332 | $1,344 | $1,375 | $1,348 | $1,368 | $1,405 | $1,413 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 16% |
| Agricultural | 7% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 8% |