Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.57 | 0.47% |
| Return on Equity (%) | ▲ | 11.99% | +6.01 | 5.98% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.51 | 3.50% |
| Efficiency Ratio (%) | ▲ | 65.90% | -5.79 | 71.70% |
| Pre-Provision Profit ($M) | ▲ | $9 | +2.94 | $6 |
| Cost of Funds (%) | ▲ | 1.79% | -0.31 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,507 | +228.16 | $2,279 |
| Gross Loans ($M) | ▲ | $1,674 | +165.18 | $1,509 |
| Loan Growth YoY (%) | ▼ | 75.39% | -0.24 | 75.63% |
| Total Deposits ($M) | ▲ | $2,194 | +222.12 | $1,972 |
| Shareholders Equity ($M) | ▲ | $216 | +37.12 | $179 |
| Tang. Book Value ($M) | ▲ | $188 | +33.79 | $154 |
| TBV excl. AOCI ($M)** | ▲ | $210 | +32.78 | $177 |
| Loan / Deposit Ratio (%) | ▼ | 75.39% | -0.24 | 75.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.60% | +0.01 | 0.60% |
| Allowance / Loans (%) | — | 1.19% | 0.03% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 0.86% | -0.03 | 0.89% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.43% | +0.27 | 12.16% |
Noninterest income ($4.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 3.17% | 3.22% | 3.29% | 3.50% | 3.66% | 3.77% | 3.86% | 4.01% |
| ▃▃▄▁▄▆▇█ | Return on Assets (%) | 0.63% | 0.64% | 0.69% | 0.47% | 0.72% | 0.89% | 0.96% | 1.04% |
| ██▇▅▄▂▁▁ | Efficiency Ratio (%) | 75.6% | 75.2% | 73.9% | 71.7% | 69.6% | 67.2% | 66.0% | 65.9% |
| ▆█▇▅▄▄▂▁ | Cost of Funds (%) | 2.20% | 2.37% | 2.27% | 2.10% | 2.06% | 2.03% | 1.87% | 1.79% |
| ▁▁▇▇█▆▄▇ | NPA / Assets (%) | 0.46% | 0.45% | 0.61% | 0.60% | 0.64% | 0.59% | 0.52% | 0.60% |
| ▁▁▇▇█▇▃▇ | Net Charge-Off Ratio (%) | 0.69% | 0.67% | 0.89% | 0.89% | 0.92% | 0.87% | 0.77% | 0.86% |
| ▁▃▂▃▃▇██ | Tang. Book Value ($M) | $138 | $154 | $149 | $154 | $153 | $179 | $185 | $188 |
| ▁▁▂▃▃▆▇█ | Gross Loans ($M) | $1,445 | $1,460 | $1,500 | $1,509 | $1,529 | $1,602 | $1,645 | $1,674 |
| ▁▁▁▂▃▅▇█ | Total Deposits ($M) | $1,911 | $1,922 | $1,930 | $1,972 | $1,994 | $2,078 | $2,147 | $2,194 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 14% |
| Agricultural | 10% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 10% |