Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.21% | +0.49 | 0.72% |
| Return on Equity (%) | ▲ | 11.49% | +4.24 | 7.25% |
| Net Interest Margin (%) | ▲ | 3.69% | +0.43 | 3.25% |
| Efficiency Ratio (%) | ▲ | 64.98% | -7.44 | 72.42% |
| Pre-Provision Profit ($M) | ▲ | $6 | +2.03 | $4 |
| Cost of Funds (%) | ▲ | 1.82% | -0.21 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,579 | +44.58 | $1,534 |
| Gross Loans ($M) | ▲ | $1,312 | +33.81 | $1,278 |
| Loan Growth YoY (%) | ▲ | 99.00% | +2.09 | 96.91% |
| Total Deposits ($M) | ▲ | $1,310 | +6.25 | $1,304 |
| Shareholders Equity ($M) | ▲ | $169 | +15.09 | $154 |
| Tang. Book Value ($M) | ▲ | $160 | +15.28 | $145 |
| TBV excl. AOCI ($M)** | ▲ | $168 | +15.64 | $152 |
| Loan / Deposit Ratio (%) | ▲ | 99.00% | +2.09 | 96.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.47% | +0.12 | 0.35% |
| Allowance / Loans (%) | — | 1.14% | 0.00% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 0.55% | +0.15 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.05% | +0.25 | 13.81% |
Noninterest income ($4.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 2.95% | 2.99% | 3.01% | 3.25% | 3.32% | 3.39% | 3.44% | 3.69% |
| ▁▁▁▁▃▄▅█ | Return on Assets (%) | 0.71% | 0.75% | 0.73% | 0.72% | 0.89% | 0.94% | 0.96% | 1.21% |
| █▇█▅▃▃▃▁ | Efficiency Ratio (%) | 78.2% | 76.3% | 76.6% | 72.4% | 69.9% | 68.8% | 68.8% | 65.0% |
| ▇█▆▄▃▄▃▁ | Cost of Funds (%) | 2.27% | 2.35% | 2.21% | 2.03% | 1.99% | 2.03% | 2.00% | 1.82% |
| █▃▂▃▁▅▃▅ | NPA / Assets (%) | 0.64% | 0.35% | 0.33% | 0.35% | 0.25% | 0.45% | 0.36% | 0.47% |
| █▂▁▂▁▅▃▅ | Net Charge-Off Ratio (%) | 0.75% | 0.40% | 0.33% | 0.40% | 0.29% | 0.54% | 0.43% | 0.55% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $137 | $142 | $141 | $145 | $147 | $152 | $156 | $160 |
| ▂▁▂▁▅▆█▆ | Gross Loans ($M) | $1,286 | $1,274 | $1,285 | $1,278 | $1,301 | $1,313 | $1,328 | $1,312 |
| ▃▁▄█▃▁██ | Total Deposits ($M) | $1,269 | $1,258 | $1,275 | $1,304 | $1,269 | $1,254 | $1,305 | $1,310 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 6% |
| Agricultural | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 12% |