Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.21 | 0.82% |
| Return on Equity (%) | ▲ | 11.48% | +1.72 | 9.76% |
| Net Interest Margin (%) | ▲ | 3.35% | +0.16 | 3.20% |
| Efficiency Ratio (%) | ▲ | 67.02% | -4.91 | 71.93% |
| Pre-Provision Profit ($M) | ▲ | $10 | +2.52 | $8 |
| Cost of Funds (%) | ▲ | 1.56% | -0.15 | 1.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,190 | +225.51 | $2,965 |
| Gross Loans ($M) | ▲ | $1,859 | +76.97 | $1,782 |
| Loan Growth YoY (%) | ▼ | 65.38% | -2.52 | 67.90% |
| Total Deposits ($M) | ▲ | $2,811 | +215.19 | $2,596 |
| Shareholders Equity ($M) | ▲ | $289 | +33.32 | $256 |
| Tang. Book Value ($M) | ▲ | $286 | +33.42 | $252 |
| TBV excl. AOCI ($M)** | ▲ | $332 | +31.96 | $300 |
| Loan / Deposit Ratio (%) | ▼ | 65.38% | -2.52 | 67.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.33% | +0.13 | 0.19% |
| Allowance / Loans (%) | — | 1.12% | 0.05% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 0.55% | +0.24 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.85% | +0.38 | 13.47% |
Noninterest income ($6.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▃▄█ | Net Interest Margin (%) | 3.12% | 3.14% | 3.17% | 3.20% | 3.22% | 3.19% | 3.21% | 3.35% |
| █▅▃▁▂▁▇█ | Return on Assets (%) | 1.05% | 0.96% | 0.90% | 0.82% | 0.86% | 0.83% | 1.01% | 1.04% |
| ▁▅██▇██▁ | Efficiency Ratio (%) | 67.5% | 69.8% | 71.6% | 71.9% | 71.0% | 71.4% | 71.8% | 67.0% |
| █▇█▃▇▄▄▁ | Cost of Funds (%) | 1.98% | 1.89% | 1.94% | 1.71% | 1.90% | 1.75% | 1.73% | 1.56% |
| ▂▂▁▃▃▇▇█ | NPA / Assets (%) | 0.16% | 0.16% | 0.14% | 0.19% | 0.19% | 0.28% | 0.30% | 0.33% |
| ▂▂▁▃▃▇▇█ | Net Charge-Off Ratio (%) | 0.27% | 0.27% | 0.22% | 0.31% | 0.31% | 0.47% | 0.51% | 0.55% |
| ▁▄▂▃▄▆██ | Tang. Book Value ($M) | $235 | $256 | $241 | $252 | $260 | $272 | $287 | $286 |
| ▁▁▃▅▅▆█▇ | Gross Loans ($M) | $1,694 | $1,670 | $1,742 | $1,782 | $1,789 | $1,830 | $1,886 | $1,859 |
| ▁▁▁▁▂▅█▇ | Total Deposits ($M) | $2,625 | $2,610 | $2,610 | $2,596 | $2,643 | $2,733 | $2,845 | $2,811 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 22% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 4% |