Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.41 | 1.11% |
| Return on Equity (%) | ▲ | 20.28% | +5.22 | 15.06% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.40 | 3.59% |
| Efficiency Ratio (%) | ▲ | 61.34% | -7.50 | 68.84% |
| Pre-Provision Profit ($M) | ▲ | $12 | +4.00 | $8 |
| Cost of Funds (%) | ▲ | 1.40% | -0.27 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,774 | +184.37 | $2,589 |
| Gross Loans ($M) | ▲ | $1,995 | +155.21 | $1,839 |
| Loan Growth YoY (%) | ▲ | 78.80% | +2.43 | 76.37% |
| Total Deposits ($M) | ▲ | $2,502 | +117.61 | $2,384 |
| Shareholders Equity ($M) | ▲ | $207 | +15.77 | $192 |
| Tang. Book Value ($M) | ▲ | $184 | +15.77 | $168 |
| TBV excl. AOCI ($M)** | ▲ | $213 | +17.90 | $195 |
| Loan / Deposit Ratio (%) | ▲ | 78.80% | +2.43 | 76.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.01 | 0.18% |
| Allowance / Loans (%) | — | 1.16% | 0.15% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.22% | -0.03 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.26% | -0.29 | 10.55% |
Noninterest income ($6.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▂▃▄▅█ | Net Interest Margin (%) | 3.52% | 3.60% | 3.61% | 3.59% | 3.68% | 3.72% | 3.78% | 4.00% |
| ▁▂▃▁▂▅▅█ | Return on Assets (%) | 1.14% | 1.19% | 1.26% | 1.11% | 1.21% | 1.35% | 1.32% | 1.52% |
| ▇▆▅██▅▄▁ | Efficiency Ratio (%) | 67.4% | 66.6% | 65.8% | 68.8% | 68.2% | 65.5% | 64.4% | 61.3% |
| ▇█▇▅▅▄▃▁ | Cost of Funds (%) | 1.79% | 1.91% | 1.80% | 1.68% | 1.67% | 1.64% | 1.54% | 1.40% |
| ▁▁▄▄█▄▇▄ | NPA / Assets (%) | 0.14% | 0.14% | 0.18% | 0.18% | 0.25% | 0.19% | 0.22% | 0.19% |
| ▁▁▄▅█▅█▃ | Net Charge-Off Ratio (%) | 0.18% | 0.17% | 0.23% | 0.24% | 0.30% | 0.24% | 0.31% | 0.22% |
| ▁▆▁▃▅▇██ | Tang. Book Value ($M) | $162 | $176 | $162 | $168 | $174 | $181 | $183 | $184 |
| ▁▁▂▁▃▄▇█ | Gross Loans ($M) | $1,832 | $1,818 | $1,857 | $1,839 | $1,878 | $1,906 | $1,953 | $1,995 |
| ▁▃▄▆▆▆██ | Total Deposits ($M) | $2,133 | $2,263 | $2,273 | $2,384 | $2,381 | $2,407 | $2,479 | $2,502 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 14% |
| Agricultural | 4% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 6% |