Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.01% | -0.24 | 0.23% |
| Return on Equity (%) | ▼ | -0.14% | -2.80 | 2.66% |
| Net Interest Margin (%) | ▲ | 3.59% | +0.29 | 3.30% |
| Efficiency Ratio (%) | ▲ | 90.02% | -0.15 | 90.17% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.77 | $2 |
| Cost of Funds (%) | ▲ | 1.78% | -0.16 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,959 | +172.02 | $2,787 |
| Gross Loans ($M) | ▲ | $1,736 | +230.58 | $1,505 |
| Loan Growth YoY (%) | ▲ | 67.35% | +8.06 | 59.30% |
| Total Deposits ($M) | ▲ | $2,547 | +34.89 | $2,512 |
| Shareholders Equity ($M) | ▲ | $264 | +25.42 | $239 |
| Tang. Book Value ($M) | ▲ | $208 | +28.15 | $179 |
| TBV excl. AOCI ($M)** | ▲ | $248 | +27.91 | $220 |
| Loan / Deposit Ratio (%) | ▲ | 67.35% | +8.06 | 59.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.71% | +0.62 | 0.09% |
| Allowance / Loans (%) | — | 1.19% | 0.13% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 1.18% | +1.01 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.24% | -1.06 | 13.29% |
Noninterest income ($11.55M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▅▆▇█ | Net Interest Margin (%) | 3.28% | 3.27% | 3.32% | 3.30% | 3.46% | 3.50% | 3.54% | 3.59% |
| ▇▆▅▄▅▇█▁ | Return on Assets (%) | 0.41% | 0.39% | 0.31% | 0.23% | 0.30% | 0.44% | 0.54% | -0.01% |
| ▁▁▃█▆▃▁█ | Efficiency Ratio (%) | 82.2% | 82.9% | 85.1% | 90.2% | 87.4% | 84.4% | 82.9% | 90.0% |
| ▃▅▅▃▃▃█▁ | Cost of Funds (%) | 1.99% | 2.08% | 2.10% | 1.95% | 1.96% | 1.92% | 2.34% | 1.78% |
| ▂▂▁▁▁▁▁█ | NPA / Assets (%) | 0.19% | 0.19% | 0.09% | 0.09% | 0.08% | 0.08% | 0.10% | 0.71% |
| ▂▂▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.35% | 0.37% | 0.17% | 0.17% | 0.15% | 0.15% | 0.16% | 1.18% |
| ▁▃▂▂▂▆██ | Tang. Book Value ($M) | $170 | $182 | $179 | $179 | $179 | $197 | $208 | $208 |
| ▁▁▂▃▅▅▇█ | Gross Loans ($M) | $1,437 | $1,427 | $1,466 | $1,505 | $1,597 | $1,617 | $1,688 | $1,736 |
| ▁▅▆▇▆██▇ | Total Deposits ($M) | $2,174 | $2,438 | $2,445 | $2,512 | $2,486 | $2,591 | $2,605 | $2,547 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 14% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 17% |