Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.13% | +0.02 | 2.11% |
| Return on Equity (%) | ▼ | 14.13% | -1.67 | 15.80% |
| Net Interest Margin (%) | ▲ | 4.60% | +0.21 | 4.38% |
| Efficiency Ratio (%) | ▼ | 53.50% | +1.10 | 52.41% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.00 | $6 |
| Cost of Funds (%) | ▲ | 1.40% | -0.11 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $952 | -30.16 | $982 |
| Gross Loans ($M) | ▲ | $749 | +6.96 | $742 |
| Loan Growth YoY (%) | ▲ | 92.07% | +5.66 | 86.41% |
| Total Deposits ($M) | ▼ | $800 | -45.72 | $846 |
| Shareholders Equity ($M) | ▲ | $143 | +12.09 | $131 |
| Tang. Book Value ($M) | ▲ | $139 | +16.61 | $122 |
| TBV excl. AOCI ($M)** | ▲ | $146 | +18.06 | $128 |
| Loan / Deposit Ratio (%) | ▲ | 92.07% | +5.66 | 86.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.68% | +1.03 | 3.65% |
| Allowance / Loans (%) | — | 1.59% | 0.14% | 1.44% |
| Net Charge-Off Ratio (%) | ▼ | 5.89% | +1.10 | 4.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.35% | +3.30 | 16.04% |
Noninterest income ($2.00M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▇███ | Net Interest Margin (%) | 3.72% | 3.88% | 3.99% | 4.38% | 4.47% | 4.54% | 4.61% | 4.60% |
| ▁▂▅▆▆▇█▇ | Return on Assets (%) | 1.44% | 1.65% | 1.89% | 2.11% | 2.08% | 2.19% | 2.33% | 2.13% |
| █▆▄▂▃▁▁▂ | Efficiency Ratio (%) | 63.6% | 60.3% | 56.3% | 52.4% | 54.5% | 52.1% | 50.5% | 53.5% |
| ██▅▂▁▁▁▁ | Cost of Funds (%) | 1.89% | 1.86% | 1.70% | 1.51% | 1.45% | 1.46% | 1.41% | 1.40% |
| ▁▁▁▆▇▇██ | NPA / Assets (%) | 1.92% | 1.93% | 1.81% | 3.65% | 4.17% | 4.32% | 4.63% | 4.68% |
| ▁▁▁▆▇▇██ | Net Charge-Off Ratio (%) | 2.27% | 2.30% | 2.33% | 4.79% | 5.22% | 5.40% | 5.82% | 5.89% |
| ▁▂▂▂▅▆██ | Tang. Book Value ($M) | $118 | $122 | $123 | $122 | $129 | $134 | $139 | $139 |
| ▁▁▂▅██▆▆ | Gross Loans ($M) | $727 | $723 | $732 | $742 | $759 | $757 | $747 | $749 |
| ▁▁▇█▆▆▅▅ | Total Deposits ($M) | $752 | $753 | $830 | $846 | $820 | $812 | $800 | $800 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 10% |