Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.80% | +0.45 | 1.35% |
| Return on Equity (%) | ▲ | 17.42% | +3.94 | 13.48% |
| Net Interest Margin (%) | ▲ | 5.35% | +0.22 | 5.13% |
| Efficiency Ratio (%) | ▲ | 64.52% | -5.49 | 70.02% |
| Pre-Provision Profit ($M) | ▲ | $10 | +2.92 | $7 |
| Cost of Funds (%) | ▲ | 2.06% | -0.43 | 2.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,900 | +130.69 | $1,769 |
| Gross Loans ($M) | ▲ | $1,608 | +192.13 | $1,415 |
| Loan Growth YoY (%) | ▲ | 94.53% | +5.44 | 89.09% |
| Total Deposits ($M) | ▲ | $1,679 | +108.23 | $1,571 |
| Shareholders Equity ($M) | ▲ | $196 | +18.87 | $177 |
| Tang. Book Value ($M) | ▲ | $178 | +19.51 | $158 |
| TBV excl. AOCI ($M)** | ▲ | $183 | +19.09 | $164 |
| Loan / Deposit Ratio (%) | ▲ | 94.53% | +5.44 | 89.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.38% | +0.25 | 1.13% |
| Allowance / Loans (%) | — | 1.27% | 0.13% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 1.60% | +0.40 | 1.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.24% | +0.07 | 11.17% |
Noninterest income ($6.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▃▄▁▃▇█▆ | Net Interest Margin (%) | 5.28% | 5.24% | 5.25% | 5.13% | 5.24% | 5.38% | 5.43% | 5.35% |
| ▁▃▃▂▅▇▇█ | Return on Assets (%) | 1.25% | 1.41% | 1.40% | 1.35% | 1.58% | 1.73% | 1.73% | 1.80% |
| ▁▁▃█▅▄▂▂ | Efficiency Ratio (%) | 63.5% | 64.3% | 65.5% | 70.0% | 67.4% | 66.0% | 64.7% | 64.5% |
| ███▅▄▄▂▁ | Cost of Funds (%) | 2.70% | 2.77% | 2.69% | 2.49% | 2.34% | 2.36% | 2.23% | 2.06% |
| ▁▅▁▆▅▅██ | NPA / Assets (%) | 0.65% | 1.04% | 0.57% | 1.13% | 1.02% | 1.04% | 1.37% | 1.38% |
| ▂▆▁▆▄▄██ | Net Charge-Off Ratio (%) | 0.74% | 1.24% | 0.49% | 1.20% | 1.04% | 0.99% | 1.56% | 1.60% |
| ▁▂▃▄▄▆▇█ | Tang. Book Value ($M) | $146 | $152 | $155 | $158 | $161 | $166 | $173 | $178 |
| ▂▁▂▂▅▅██ | Gross Loans ($M) | $1,418 | $1,387 | $1,422 | $1,415 | $1,507 | $1,504 | $1,582 | $1,608 |
| ▁▁▂▃▇▆▆█ | Total Deposits ($M) | $1,512 | $1,510 | $1,533 | $1,571 | $1,639 | $1,627 | $1,635 | $1,679 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 23% |
| Agricultural | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 13% |