Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.57% | +0.25 | 2.32% |
| Return on Equity (%) | ▲ | 13.69% | +0.37 | 13.32% |
| Net Interest Margin (%) | ▼ | 8.08% | -0.23 | 8.31% |
| Efficiency Ratio (%) | ▼ | 41.76% | +1.13 | 40.63% |
| Pre-Provision Profit ($M) | ▲ | $23 | +0.03 | $23 |
| Cost of Funds (%) | ▲ | 1.08% | -0.04 | 1.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,588 | +99.12 | $1,489 |
| Gross Loans ($M) | ▲ | $1,181 | +73.99 | $1,107 |
| Loan Growth YoY (%) | ▲ | 87.36% | +2.20 | 85.16% |
| Total Deposits ($M) | ▲ | $1,276 | +59.53 | $1,217 |
| Shareholders Equity ($M) | ▲ | $299 | +38.44 | $260 |
| Tang. Book Value ($M) | ▲ | $293 | +38.54 | $255 |
| TBV excl. AOCI ($M)** | ▲ | $309 | +40.69 | $268 |
| Loan / Deposit Ratio (%) | ▲ | 87.36% | +2.20 | 85.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.60% | +0.20 | 0.40% |
| Allowance / Loans (%) | — | 5.60% | -0.81% | 6.41% |
| Net Charge-Off Ratio (%) | ▼ | 0.81% | +0.27 | 0.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 25.14% | +1.24 | 23.90% |
Noninterest income ($9.72M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▅▅▅▅▁ | Net Interest Margin (%) | 8.48% | 8.52% | 8.53% | 8.31% | 8.35% | 8.35% | 8.34% | 8.08% |
| ▄▁▂▁▅▄▃█ | Return on Assets (%) | 2.43% | 2.35% | 2.36% | 2.32% | 2.47% | 2.44% | 2.40% | 2.57% |
| ▇▂▁▃▃▆▇█ | Efficiency Ratio (%) | 41.4% | 40.4% | 40.2% | 40.6% | 40.8% | 41.2% | 41.4% | 41.8% |
| ▇█▇▂▃▂▃▁ | Cost of Funds (%) | 1.28% | 1.31% | 1.26% | 1.12% | 1.14% | 1.13% | 1.14% | 1.08% |
| ▄█▃▁▁▁█▇ | NPA / Assets (%) | 0.51% | 0.63% | 0.48% | 0.40% | 0.40% | 0.42% | 0.66% | 0.60% |
| ▄▇▃▁▁▁█▇ | Net Charge-Off Ratio (%) | 0.67% | 0.82% | 0.62% | 0.54% | 0.53% | 0.56% | 0.87% | 0.81% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $230 | $240 | $245 | $255 | $264 | $275 | $284 | $293 |
| ▁▁▂▁▂▃▇█ | Gross Loans ($M) | $1,101 | $1,106 | $1,111 | $1,107 | $1,113 | $1,127 | $1,171 | $1,181 |
| ▁▁▁▄▃▄▆█ | Total Deposits ($M) | $1,168 | $1,182 | $1,178 | $1,217 | $1,204 | $1,216 | $1,238 | $1,276 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 5% |
| Agricultural | 3% |
| Consumer | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 9% |