Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.01% | +0.10 | 1.92% |
| Return on Equity (%) | ▲ | 16.22% | +1.27 | 14.95% |
| Net Interest Margin (%) | ▲ | 4.51% | +0.28 | 4.23% |
| Efficiency Ratio (%) | ▲ | 47.93% | -2.44 | 50.37% |
| Pre-Provision Profit ($M) | ▲ | $15 | +1.70 | $14 |
| Cost of Funds (%) | ▲ | 1.33% | -0.15 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,297 | +68.29 | $2,229 |
| Gross Loans ($M) | ▲ | $1,596 | +56.68 | $1,539 |
| Loan Growth YoY (%) | ▼ | 78.96% | -0.63 | 79.59% |
| Total Deposits ($M) | ▲ | $1,993 | +82.86 | $1,910 |
| Shareholders Equity ($M) | ▼ | $285 | -4.52 | $289 |
| Tang. Book Value ($M) | ▼ | $252 | -4.18 | $256 |
| TBV excl. AOCI ($M)** | ▲ | $273 | +0.13 | $272 |
| Loan / Deposit Ratio (%) | ▼ | 78.96% | -0.63 | 79.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.01 | 0.18% |
| Allowance / Loans (%) | — | 1.40% | 0.16% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.02 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($6.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆▆█ | Net Interest Margin (%) | 4.07% | 4.11% | 4.15% | 4.23% | 4.31% | 4.38% | 4.39% | 4.51% |
| ▂▂▁▆▅▅▅█ | Return on Assets (%) | 1.73% | 1.72% | 1.67% | 1.92% | 1.88% | 1.85% | 1.86% | 2.01% |
| ▇██▅▂▂▄▁ | Efficiency Ratio (%) | 51.9% | 52.4% | 52.8% | 50.4% | 48.7% | 49.0% | 49.8% | 47.9% |
| ▆█▇▅▅▅█▁ | Cost of Funds (%) | 1.51% | 1.59% | 1.53% | 1.48% | 1.46% | 1.47% | 1.56% | 1.33% |
| █▄▄▆▁▆▇█ | NPA / Assets (%) | 0.19% | 0.17% | 0.17% | 0.18% | 0.15% | 0.18% | 0.19% | 0.19% |
| █▄▅▅▁▆▆▇ | Net Charge-Off Ratio (%) | 0.28% | 0.24% | 0.24% | 0.25% | 0.21% | 0.25% | 0.26% | 0.27% |
| ▁▃▄▆▆█▅▅ | Tang. Book Value ($M) | $228 | $240 | $243 | $256 | $255 | $268 | $249 | $252 |
| ▁▂▂▄▇▆██ | Gross Loans ($M) | $1,502 | $1,517 | $1,519 | $1,539 | $1,580 | $1,561 | $1,594 | $1,596 |
| ▁▁▂▄▇▅▇█ | Total Deposits ($M) | $1,854 | $1,850 | $1,885 | $1,910 | $1,968 | $1,932 | $1,969 | $1,993 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 10% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 6% |