Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.12 | 0.93% |
| Return on Equity (%) | ▲ | 9.45% | +0.92 | 8.53% |
| Net Interest Margin (%) | ▲ | 3.96% | +0.31 | 3.64% |
| Efficiency Ratio (%) | ▲ | 64.41% | -0.35 | 64.76% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.64 | $7 |
| Cost of Funds (%) | ▲ | 1.78% | -0.06 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,991 | +138.67 | $1,852 |
| Gross Loans ($M) | ▲ | $1,394 | +80.76 | $1,313 |
| Loan Growth YoY (%) | ▼ | 80.63% | -2.48 | 83.10% |
| Total Deposits ($M) | ▲ | $1,707 | +145.83 | $1,561 |
| Shareholders Equity ($M) | ▲ | $221 | +19.00 | $202 |
| Tang. Book Value ($M) | ▲ | $170 | +19.58 | $150 |
| TBV excl. AOCI ($M)** | ▲ | $188 | +21.61 | $166 |
| Loan / Deposit Ratio (%) | ▼ | 80.63% | -2.48 | 83.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.39% | +0.16 | 0.23% |
| Allowance / Loans (%) | — | 1.27% | 0.06% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.53% | +0.22 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▇▇█ | Net Interest Margin (%) | 3.05% | 3.15% | 3.27% | 3.64% | 3.69% | 3.74% | 3.79% | 3.96% |
| ▁▁▁▅▇███ | Return on Assets (%) | 0.79% | 0.76% | 0.77% | 0.93% | 1.01% | 1.02% | 1.02% | 1.05% |
| ██▇▂▁▁▁▁ | Efficiency Ratio (%) | 71.9% | 71.4% | 70.8% | 64.8% | 63.6% | 64.0% | 63.9% | 64.4% |
| ▇█▄▂▃▇▄▁ | Cost of Funds (%) | 2.03% | 2.08% | 1.91% | 1.84% | 1.86% | 2.04% | 1.93% | 1.78% |
| █▅▄▂▂▁▆█ | NPA / Assets (%) | 0.38% | 0.29% | 0.28% | 0.23% | 0.21% | 0.18% | 0.33% | 0.39% |
| ▇▄▃▃▂▁▇█ | Net Charge-Off Ratio (%) | 0.48% | 0.34% | 0.32% | 0.31% | 0.27% | 0.23% | 0.47% | 0.53% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $142 | $150 | $146 | $150 | $154 | $162 | $167 | $170 |
| ▁▁▂▃▆▇██ | Gross Loans ($M) | $1,275 | $1,283 | $1,290 | $1,313 | $1,353 | $1,373 | $1,381 | $1,394 |
| ▁▁▂▄▃▆▆█ | Total Deposits ($M) | $1,470 | $1,488 | $1,513 | $1,561 | $1,546 | $1,631 | $1,618 | $1,707 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 12% |
| Agricultural | 9% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 12% |