Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.25 | 1.12% |
| Return on Equity (%) | ▲ | 12.93% | +1.87 | 11.06% |
| Net Interest Margin (%) | ▲ | 3.29% | +0.44 | 2.85% |
| Efficiency Ratio (%) | ▲ | 46.00% | -7.70 | 53.70% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.22 | $6 |
| Cost of Funds (%) | ▲ | 2.35% | -0.34 | 2.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,459 | +3.94 | $1,455 |
| Gross Loans ($M) | ▲ | $1,362 | +24.62 | $1,337 |
| Loan Growth YoY (%) | ▼ | 108.10% | -2.23 | 110.33% |
| Total Deposits ($M) | ▲ | $1,245 | +46.37 | $1,199 |
| Shareholders Equity ($M) | ▲ | $157 | +7.28 | $150 |
| Tang. Book Value ($M) | ▲ | $151 | +7.22 | $144 |
| TBV excl. AOCI ($M)** | ▲ | $153 | +6.75 | $146 |
| Loan / Deposit Ratio (%) | ▼ | 108.10% | -2.23 | 110.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.89% | -0.99 | 1.88% |
| Allowance / Loans (%) | — | 1.17% | 0.07% | 1.10% |
| Net Charge-Off Ratio (%) | ▲ | 0.95% | -1.09 | 2.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.73% | +0.58 | 11.15% |
Noninterest income ($2.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▆▆█ | Net Interest Margin (%) | 2.66% | 2.67% | 2.69% | 2.85% | 2.96% | 3.06% | 3.09% | 3.29% |
| ▄▂▁▁▃▄▄█ | Return on Assets (%) | 1.21% | 1.15% | 1.09% | 1.12% | 1.18% | 1.20% | 1.20% | 1.37% |
| ███▇▄▃▂▁ | Efficiency Ratio (%) | 55.7% | 55.6% | 54.8% | 53.7% | 50.4% | 49.2% | 47.8% | 46.0% |
| ▇█▇▅▄▄▃▁ | Cost of Funds (%) | 2.84% | 2.97% | 2.85% | 2.69% | 2.60% | 2.63% | 2.53% | 2.35% |
| ▆▅▆█▇▅▁▁ | NPA / Assets (%) | 1.52% | 1.44% | 1.55% | 1.88% | 1.69% | 1.36% | 0.81% | 0.89% |
| ▅▅▆█▇▄▁▁ | Net Charge-Off Ratio (%) | 1.59% | 1.53% | 1.74% | 2.04% | 1.80% | 1.47% | 0.90% | 0.95% |
| ▁▃▄▄▅▆██ | Tang. Book Value ($M) | $137 | $141 | $142 | $144 | $145 | $147 | $152 | $151 |
| ▁▁▂▄██▇▇ | Gross Loans ($M) | $1,312 | $1,305 | $1,320 | $1,337 | $1,371 | $1,369 | $1,360 | $1,362 |
| ▁▃▆▄▆▄█▆ | Total Deposits ($M) | $1,126 | $1,193 | $1,246 | $1,199 | $1,241 | $1,213 | $1,304 | $1,245 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 19% |
| Agricultural | 24% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 17% |