Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.74% | +0.31 | 1.43% |
| Return on Equity (%) | ▲ | 21.28% | +3.06 | 18.22% |
| Net Interest Margin (%) | ▲ | 3.27% | +0.45 | 2.82% |
| Efficiency Ratio (%) | ▲ | 52.04% | -3.97 | 56.01% |
| Pre-Provision Profit ($M) | ▲ | $12 | +2.45 | $9 |
| Cost of Funds (%) | ▲ | 2.14% | -0.24 | 2.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,608 | +96.60 | $2,511 |
| Gross Loans ($M) | ▲ | $2,039 | +107.40 | $1,931 |
| Loan Growth YoY (%) | ▼ | 90.40% | -1.45 | 91.85% |
| Total Deposits ($M) | ▲ | $2,231 | +150.82 | $2,080 |
| Shareholders Equity ($M) | ▲ | $214 | +14.76 | $199 |
| Tang. Book Value ($M) | ▲ | $210 | +14.82 | $196 |
| TBV excl. AOCI ($M)** | ▲ | $234 | +22.19 | $211 |
| Loan / Deposit Ratio (%) | ▼ | 90.40% | -1.45 | 91.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.63% | +0.30 | 0.32% |
| Allowance / Loans (%) | — | 1.06% | 0.00% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 0.80% | +0.39 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.36% | +0.15 | 12.21% |
Noninterest income ($3.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▆▇█ | Net Interest Margin (%) | 2.50% | 2.57% | 2.63% | 2.82% | 2.92% | 3.03% | 3.13% | 3.27% |
| ▁▂▂▅▆▇▇█ | Return on Assets (%) | 1.01% | 1.10% | 1.15% | 1.43% | 1.49% | 1.58% | 1.62% | 1.74% |
| █▇▆▃▂▁▁▁ | Efficiency Ratio (%) | 63.9% | 61.7% | 60.1% | 56.0% | 54.5% | 53.1% | 52.5% | 52.0% |
| ▂▅█▇▅▄▂▁ | Cost of Funds (%) | 2.19% | 2.32% | 2.43% | 2.38% | 2.30% | 2.26% | 2.21% | 2.14% |
| ▁▃▁▂▂▂▃█ | NPA / Assets (%) | 0.23% | 0.37% | 0.26% | 0.32% | 0.31% | 0.30% | 0.36% | 0.63% |
| ▁▃▁▂▃▂▃█ | Net Charge-Off Ratio (%) | 0.28% | 0.46% | 0.33% | 0.41% | 0.41% | 0.39% | 0.46% | 0.80% |
| ▁▃▃▅▅▇██ | Tang. Book Value ($M) | $178 | $188 | $187 | $196 | $198 | $204 | $208 | $210 |
| ▁▂▃▄▄▅▇█ | Gross Loans ($M) | $1,846 | $1,888 | $1,902 | $1,931 | $1,941 | $1,945 | $2,014 | $2,039 |
| ▁▁▁▄▆███ | Total Deposits ($M) | $1,961 | $1,967 | $1,987 | $2,080 | $2,150 | $2,236 | $2,207 | $2,231 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 7% |