Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.00% | +0.21 | 0.79% |
| Return on Equity (%) | ▲ | 10.23% | +1.00 | 9.23% |
| Net Interest Margin (%) | ▲ | 3.92% | +0.42 | 3.50% |
| Efficiency Ratio (%) | ▲ | 63.91% | -6.66 | 70.57% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.34 | $4 |
| Cost of Funds (%) | ▲ | 1.92% | -0.39 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,317 | -31.39 | $1,349 |
| Gross Loans ($M) | ▼ | $1,045 | -23.28 | $1,068 |
| Loan Growth YoY (%) | ▲ | 91.99% | +0.79 | 91.20% |
| Total Deposits ($M) | ▼ | $1,122 | -37.01 | $1,159 |
| Shareholders Equity ($M) | ▲ | $131 | +12.85 | $118 |
| Tang. Book Value ($M) | ▲ | $125 | +12.91 | $112 |
| TBV excl. AOCI ($M)** | ▲ | $134 | +13.33 | $121 |
| Loan / Deposit Ratio (%) | ▲ | 91.99% | +0.79 | 91.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.34% | -0.10 | 0.44% |
| Allowance / Loans (%) | — | 1.22% | 0.18% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 0.43% | +0.02 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.85% | +0.84 | 11.00% |
Noninterest income ($3.37M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 3.30% | 3.32% | 3.33% | 3.50% | 3.59% | 3.63% | 3.71% | 3.92% |
| ▃▁▁▅▄▅▆█ | Return on Assets (%) | 0.70% | 0.60% | 0.55% | 0.79% | 0.74% | 0.82% | 0.85% | 1.00% |
| █▇█▇█▆▄▁ | Efficiency Ratio (%) | 71.0% | 70.5% | 71.5% | 70.6% | 71.9% | 69.0% | 67.3% | 63.9% |
| ██▇▆▆▆▃▁ | Cost of Funds (%) | 2.48% | 2.54% | 2.41% | 2.31% | 2.32% | 2.31% | 2.12% | 1.92% |
| ▃█▇▃▃▁▃▁ | NPA / Assets (%) | 0.45% | 0.71% | 0.66% | 0.44% | 0.46% | 0.37% | 0.45% | 0.34% |
| ▄█▇▁▄▂▄▁ | Net Charge-Off Ratio (%) | 0.57% | 0.77% | 0.71% | 0.42% | 0.59% | 0.47% | 0.59% | 0.43% |
| ▁▃▂▃▄▆▇█ | Tang. Book Value ($M) | $105 | $110 | $109 | $112 | $114 | $119 | $122 | $125 |
| █▅█▇▅▃▁▂ | Gross Loans ($M) | $1,075 | $1,061 | $1,078 | $1,068 | $1,061 | $1,047 | $1,035 | $1,045 |
| ▃▇█▅▅▆▅▁ | Total Deposits ($M) | $1,139 | $1,174 | $1,186 | $1,159 | $1,160 | $1,165 | $1,159 | $1,122 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 27% |
| Agricultural | 11% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 16% |