Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.87% | +0.23 | 0.64% |
| Return on Equity (%) | ▲ | 7.90% | +1.63 | 6.27% |
| Net Interest Margin (%) | ▲ | 3.57% | +0.44 | 3.13% |
| Efficiency Ratio (%) | ▲ | 68.22% | -9.49 | 77.71% |
| Pre-Provision Profit ($M) | ▲ | $8 | +3.33 | $5 |
| Cost of Funds (%) | ▲ | 1.98% | -0.20 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,648 | +81.22 | $2,567 |
| Gross Loans ($M) | ▲ | $2,180 | +0.50 | $2,179 |
| Loan Growth YoY (%) | ▼ | 95.59% | -4.27 | 99.86% |
| Total Deposits ($M) | ▲ | $2,258 | +95.64 | $2,163 |
| Shareholders Equity ($M) | ▲ | $299 | +31.85 | $267 |
| Tang. Book Value ($M) | ▲ | $298 | +32.00 | $266 |
| TBV excl. AOCI ($M)** | ▲ | $308 | +29.77 | $279 |
| Loan / Deposit Ratio (%) | ▼ | 95.59% | -4.27 | 99.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.35% | +0.06 | 0.29% |
| Allowance / Loans (%) | — | 0.95% | 0.07% | 0.89% |
| Net Charge-Off Ratio (%) | ▼ | 0.41% | +0.07 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.05% | +0.10 | 13.95% |
Noninterest income ($3.56M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▆▇█ | Net Interest Margin (%) | 2.59% | 2.67% | 2.79% | 3.13% | 3.21% | 3.30% | 3.38% | 3.57% |
| ▁▂▄▅████ | Return on Assets (%) | 0.36% | 0.45% | 0.57% | 0.64% | 0.84% | 0.85% | 0.89% | 0.87% |
| ██▆▅▃▂▂▁ | Efficiency Ratio (%) | 86.7% | 85.1% | 81.4% | 77.7% | 73.5% | 71.4% | 71.1% | 68.2% |
| ██▆▃▄▃▁▁ | Cost of Funds (%) | 2.53% | 2.57% | 2.37% | 2.18% | 2.22% | 2.18% | 2.04% | 1.98% |
| ▃▁▁▂▆█▅▄ | NPA / Assets (%) | 0.31% | 0.27% | 0.25% | 0.29% | 0.38% | 0.45% | 0.35% | 0.35% |
| ▃▁▁▂▅█▅▄ | Net Charge-Off Ratio (%) | 0.38% | 0.32% | 0.30% | 0.33% | 0.44% | 0.53% | 0.42% | 0.41% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $245 | $256 | $258 | $266 | $275 | $284 | $292 | $298 |
| ▁▃▂▄██▃▄ | Gross Loans ($M) | $2,139 | $2,161 | $2,156 | $2,179 | $2,216 | $2,225 | $2,170 | $2,180 |
| ▁▃█▄███▇ | Total Deposits ($M) | $2,007 | $2,116 | $2,305 | $2,163 | $2,294 | $2,288 | $2,328 | $2,258 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 14% |
| Agricultural | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 26% |