Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.65% | +0.37 | 1.27% |
| Return on Equity (%) | ▲ | 18.61% | +3.26 | 15.35% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.46 | 3.68% |
| Efficiency Ratio (%) | ▲ | 61.77% | -4.80 | 66.57% |
| Pre-Provision Profit ($M) | ▲ | $9 | +2.39 | $6 |
| Cost of Funds (%) | ▲ | 1.94% | -0.17 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,005 | +130.66 | $1,875 |
| Gross Loans ($M) | ▲ | $1,792 | +144.53 | $1,648 |
| Loan Growth YoY (%) | ▲ | 97.41% | +0.67 | 96.74% |
| Total Deposits ($M) | ▲ | $1,817 | +134.17 | $1,683 |
| Shareholders Equity ($M) | ▲ | $178 | +19.29 | $159 |
| Tang. Book Value ($M) | ▲ | $178 | +19.29 | $159 |
| TBV excl. AOCI ($M)** | ▲ | $182 | +19.44 | $163 |
| Loan / Deposit Ratio (%) | ▲ | 97.41% | +0.67 | 96.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.96% | +0.19 | 0.77% |
| Allowance / Loans (%) | — | 1.24% | 0.05% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.99% | +0.20 | 0.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 9.92% | +0.10 | 9.82% |
Noninterest income ($3.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▆█ | Net Interest Margin (%) | 3.63% | 3.62% | 3.65% | 3.68% | 3.82% | 3.90% | 4.01% | 4.14% |
| ▁▁▂▃▆▆▇█ | Return on Assets (%) | 1.13% | 1.08% | 1.19% | 1.27% | 1.47% | 1.49% | 1.56% | 1.65% |
| █▇▆▅▃▂▁▂ | Efficiency Ratio (%) | 70.4% | 68.8% | 66.7% | 66.6% | 63.4% | 62.4% | 60.4% | 61.8% |
| ▇█▅▄▃▄▃▁ | Cost of Funds (%) | 2.26% | 2.32% | 2.18% | 2.11% | 2.07% | 2.08% | 2.06% | 1.94% |
| ▁▆▄▃▄█▃▆ | NPA / Assets (%) | 0.58% | 0.91% | 0.83% | 0.77% | 0.79% | 1.10% | 0.72% | 0.96% |
| ▁▆▄▃▄█▂▇ | Net Charge-Off Ratio (%) | 0.60% | 0.97% | 0.85% | 0.79% | 0.80% | 1.11% | 0.68% | 0.99% |
| ▁▃▃▄▄▆██ | Tang. Book Value ($M) | $145 | $153 | $155 | $159 | $161 | $167 | $176 | $178 |
| ▁▂▄▃▅▇██ | Gross Loans ($M) | $1,562 | $1,619 | $1,659 | $1,648 | $1,693 | $1,757 | $1,808 | $1,792 |
| ▁▃▅▅▅▇▇█ | Total Deposits ($M) | $1,542 | $1,628 | $1,707 | $1,683 | $1,703 | $1,775 | $1,766 | $1,817 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 22% |
| Agricultural | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 15% |