Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.88% | +0.13 | 0.75% |
| Return on Equity (%) | ▲ | 7.54% | +0.68 | 6.86% |
| Net Interest Margin (%) | ▲ | 4.30% | +0.39 | 3.91% |
| Efficiency Ratio (%) | ▲ | 73.10% | -2.96 | 76.06% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.41 | $5 |
| Cost of Funds (%) | ▲ | 1.32% | -0.32 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,089 | +4.11 | $2,085 |
| Gross Loans ($M) | ▼ | $1,529 | -0.54 | $1,530 |
| Loan Growth YoY (%) | ▼ | 83.85% | -5.03 | 88.87% |
| Total Deposits ($M) | ▲ | $1,803 | +100.54 | $1,702 |
| Shareholders Equity ($M) | ▲ | $245 | +14.54 | $231 |
| Tang. Book Value ($M) | ▲ | $193 | +15.78 | $178 |
| TBV excl. AOCI ($M)** | ▲ | $207 | +14.94 | $192 |
| Loan / Deposit Ratio (%) | ▼ | 83.85% | -5.03 | 88.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.01 | 0.26% |
| Allowance / Loans (%) | — | 1.14% | 0.05% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.36% | +0.01 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.31% | +0.75 | 12.56% |
Noninterest income ($4.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 3.59% | 3.59% | 3.66% | 3.91% | 4.01% | 4.10% | 4.18% | 4.30% |
| ▁▂▃▆▆▆██ | Return on Assets (%) | 0.47% | 0.53% | 0.59% | 0.75% | 0.75% | 0.77% | 0.83% | 0.88% |
| █▇▆▃▂▂▁▁ | Efficiency Ratio (%) | 82.3% | 80.8% | 79.8% | 76.1% | 74.7% | 74.4% | 73.5% | 73.1% |
| ▇█▆▅▄▄▂▁ | Cost of Funds (%) | 1.83% | 1.93% | 1.77% | 1.64% | 1.57% | 1.58% | 1.41% | 1.32% |
| ▆▄▁▇▆▂██ | NPA / Assets (%) | 0.24% | 0.22% | 0.18% | 0.26% | 0.24% | 0.20% | 0.27% | 0.27% |
| ▆▅▁▇▅▁██ | Net Charge-Off Ratio (%) | 0.33% | 0.31% | 0.25% | 0.35% | 0.32% | 0.26% | 0.37% | 0.36% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $168 | $176 | $174 | $178 | $182 | $188 | $193 | $193 |
| ▁▄▂▁█▆▁▁ | Gross Loans ($M) | $1,528 | $1,548 | $1,534 | $1,530 | $1,583 | $1,568 | $1,526 | $1,529 |
| ▁▂▄▄▆▇██ | Total Deposits ($M) | $1,629 | $1,662 | $1,701 | $1,702 | $1,752 | $1,769 | $1,807 | $1,803 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 9% |
| Agricultural | 8% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 8% |