Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.08% | +0.29 | 0.79% |
| Return on Equity (%) | ▲ | 11.77% | +2.85 | 8.92% |
| Net Interest Margin (%) | ▲ | 3.52% | +0.39 | 3.14% |
| Efficiency Ratio (%) | ▲ | 64.42% | -6.00 | 70.42% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.51 | $6 |
| Cost of Funds (%) | ▲ | 1.69% | -0.21 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,105 | +139.87 | $1,965 |
| Gross Loans ($M) | ▲ | $1,556 | +113.98 | $1,442 |
| Loan Growth YoY (%) | ▼ | 87.13% | -2.03 | 89.17% |
| Total Deposits ($M) | ▲ | $1,759 | +165.91 | $1,593 |
| Shareholders Equity ($M) | ▲ | $192 | +15.62 | $176 |
| Tang. Book Value ($M) | ▲ | $192 | +15.62 | $176 |
| TBV excl. AOCI ($M)** | ▲ | $211 | +15.36 | $195 |
| Loan / Deposit Ratio (%) | ▼ | 87.13% | -2.03 | 89.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.14 | 0.17% |
| Allowance / Loans (%) | — | 1.48% | 0.01% | 1.47% |
| Net Charge-Off Ratio (%) | ▼ | 0.42% | +0.19 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.99% | +0.29 | 13.71% |
Noninterest income ($5.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▆▇█ | Net Interest Margin (%) | 2.65% | 2.67% | 2.75% | 3.14% | 3.19% | 3.25% | 3.31% | 3.52% |
| ▁▁▁▃▄▆▇█ | Return on Assets (%) | 0.66% | 0.65% | 0.66% | 0.79% | 0.87% | 0.95% | 1.03% | 1.08% |
| ██▇▄▃▂▁▁ | Efficiency Ratio (%) | 78.4% | 77.4% | 75.2% | 70.4% | 68.8% | 67.2% | 64.6% | 64.4% |
| █▆▄▃▄▃▂▁ | Cost of Funds (%) | 2.48% | 2.24% | 2.05% | 1.90% | 2.05% | 1.90% | 1.88% | 1.69% |
| ▁▁▃▂▄█▅▅ | NPA / Assets (%) | 0.11% | 0.07% | 0.20% | 0.17% | 0.28% | 0.53% | 0.33% | 0.31% |
| ▁▁▃▂▄█▅▅ | Net Charge-Off Ratio (%) | 0.15% | 0.11% | 0.27% | 0.23% | 0.38% | 0.71% | 0.44% | 0.42% |
| ▁▄▂▃▄▇██ | Tang. Book Value ($M) | $167 | $178 | $170 | $176 | $180 | $187 | $193 | $192 |
| ▁▁▃▄▄▅██ | Gross Loans ($M) | $1,359 | $1,353 | $1,417 | $1,442 | $1,449 | $1,473 | $1,533 | $1,556 |
| ▁▁▄▃▃▂▆█ | Total Deposits ($M) | $1,536 | $1,546 | $1,638 | $1,593 | $1,601 | $1,579 | $1,703 | $1,759 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 17% |
| Agricultural | 24% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 12% |