Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.51 | 0.74% |
| Return on Equity (%) | ▲ | 11.39% | +3.65 | 7.74% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.81 | 3.29% |
| Efficiency Ratio (%) | ▲ | 57.95% | -8.49 | 66.44% |
| Pre-Provision Profit ($M) | ▲ | $14 | +4.87 | $9 |
| Cost of Funds (%) | ▲ | 1.57% | -0.39 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,965 | -126.36 | $3,091 |
| Gross Loans ($M) | ▲ | $2,278 | +18.53 | $2,260 |
| Loan Growth YoY (%) | ▲ | 86.46% | +5.55 | 80.91% |
| Total Deposits ($M) | ▼ | $2,599 | -155.59 | $2,755 |
| Shareholders Equity ($M) | ▲ | $330 | +29.27 | $301 |
| Tang. Book Value ($M) | ▲ | $288 | +29.72 | $258 |
| TBV excl. AOCI ($M)** | ▲ | $306 | +23.15 | $283 |
| Loan / Deposit Ratio (%) | ▲ | 86.46% | +5.55 | 80.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.58% | -0.40 | 0.97% |
| Allowance / Loans (%) | — | 1.36% | -0.01% | 1.37% |
| Net Charge-Off Ratio (%) | ▲ | 0.46% | -0.14 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.10% | +0.96 | 11.14% |
Noninterest income ($4.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▅▆█ | Net Interest Margin (%) | 2.89% | 3.00% | 3.06% | 3.29% | 3.50% | 3.63% | 3.74% | 4.10% |
| ▁▁▁▂▃▄▄█ | Return on Assets (%) | 0.63% | 0.66% | 0.69% | 0.74% | 0.83% | 0.93% | 0.92% | 1.25% |
| ███▆▄▃▃▁ | Efficiency Ratio (%) | 70.5% | 69.4% | 69.3% | 66.4% | 63.1% | 61.5% | 62.0% | 58.0% |
| ██▅▅▄▃▂▁ | Cost of Funds (%) | 2.24% | 2.30% | 2.00% | 1.96% | 1.89% | 1.82% | 1.66% | 1.57% |
| ▄▁▃█▅▇▄▂ | NPA / Assets (%) | 0.72% | 0.47% | 0.64% | 0.97% | 0.76% | 0.89% | 0.66% | 0.58% |
| ▄▂▁▄▇█▄▃ | Net Charge-Off Ratio (%) | 0.64% | 0.28% | 0.14% | 0.59% | 1.00% | 1.23% | 0.62% | 0.46% |
| ▁▂▃▄▄▆██ | Tang. Book Value ($M) | $240 | $251 | $252 | $258 | $264 | $275 | $284 | $288 |
| █▇█▆▄▁▃▆ | Gross Loans ($M) | $2,333 | $2,290 | $2,326 | $2,260 | $2,212 | $2,119 | $2,182 | $2,278 |
| ▁▆█▆▁▁▃▁ | Total Deposits ($M) | $2,604 | $2,741 | $2,826 | $2,755 | $2,581 | $2,577 | $2,645 | $2,599 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 10% |
| Agricultural | 18% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 14% |