Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.29% | +0.35 | -0.06% |
| Return on Equity (%) | ▲ | 4.06% | +5.03 | -0.97% |
| Net Interest Margin (%) | ▲ | 2.43% | +0.40 | 2.03% |
| Efficiency Ratio (%) | ▲ | 87.87% | -8.89 | 96.75% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.28 | $0 |
| Cost of Funds (%) | ▲ | 2.11% | -0.26 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,895 | +9.29 | $1,886 |
| Gross Loans ($M) | ▼ | $1,430 | -21.35 | $1,451 |
| Loan Growth YoY (%) | ▼ | 103.64% | -2.30 | 105.94% |
| Total Deposits ($M) | ▲ | $1,370 | +9.09 | $1,361 |
| Shareholders Equity ($M) | ▲ | $135 | +10.17 | $125 |
| Tang. Book Value ($M) | ▲ | $131 | +10.68 | $121 |
| TBV excl. AOCI ($M)** | ▲ | $145 | +10.85 | $134 |
| Loan / Deposit Ratio (%) | ▼ | 103.64% | -2.30 | 105.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.49% | +0.30 | 0.19% |
| Allowance / Loans (%) | — | 0.68% | 0.04% | 0.63% |
| Net Charge-Off Ratio (%) | ▼ | 0.66% | +0.41 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.68% | +0.75 | 10.94% |
Noninterest income ($2.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▂▁▃▄▅█ | Net Interest Margin (%) | 2.08% | 2.12% | 2.13% | 2.03% | 2.14% | 2.19% | 2.24% | 2.43% |
| █▇▅▁▇▇▇▇ | Return on Assets (%) | 0.39% | 0.33% | 0.21% | -0.06% | 0.28% | 0.31% | 0.30% | 0.29% |
| ▁▁▄█▃▃▂▄ | Efficiency Ratio (%) | 81.7% | 83.2% | 87.5% | 96.8% | 86.4% | 86.5% | 84.2% | 87.9% |
| ▇██▆▅▅▃▁ | Cost of Funds (%) | 2.39% | 2.46% | 2.46% | 2.36% | 2.31% | 2.29% | 2.23% | 2.11% |
| ▁▁▁▁▄▄██ | NPA / Assets (%) | 0.17% | 0.15% | 0.19% | 0.19% | 0.31% | 0.29% | 0.50% | 0.49% |
| ▁▁▁▁▄▄██ | Net Charge-Off Ratio (%) | 0.22% | 0.19% | 0.20% | 0.25% | 0.39% | 0.37% | 0.65% | 0.66% |
| ▂▅▁▂▅███ | Tang. Book Value ($M) | $120 | $125 | $118 | $121 | $125 | $130 | $132 | $131 |
| ▄▄▄▄█▇▅▁ | Gross Loans ($M) | $1,453 | $1,450 | $1,450 | $1,451 | $1,479 | $1,470 | $1,455 | $1,430 |
| ▁▂▅▇▅▆▇█ | Total Deposits ($M) | $1,315 | $1,329 | $1,349 | $1,361 | $1,348 | $1,353 | $1,363 | $1,370 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 20% |