Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.09 | 0.95% |
| Return on Equity (%) | ▲ | 8.64% | +1.16 | 7.48% |
| Net Interest Margin (%) | ▲ | 3.33% | +0.24 | 3.09% |
| Efficiency Ratio (%) | ▲ | 60.02% | -5.61 | 65.62% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.61 | $5 |
| Cost of Funds (%) | ▲ | 1.71% | -0.22 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,820 | +42.35 | $1,778 |
| Gross Loans ($M) | ▲ | $1,359 | +2.88 | $1,356 |
| Loan Growth YoY (%) | ▼ | 84.12% | -2.59 | 86.71% |
| Total Deposits ($M) | ▲ | $1,588 | +47.58 | $1,541 |
| Shareholders Equity ($M) | ▼ | $218 | -5.93 | $224 |
| Tang. Book Value ($M) | ▼ | $183 | -5.32 | $188 |
| TBV excl. AOCI ($M)** | ▼ | $193 | -6.01 | $199 |
| Loan / Deposit Ratio (%) | ▼ | 84.12% | -2.59 | 86.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.00% | +0.18 | 0.82% |
| Allowance / Loans (%) | — | 1.69% | 0.20% | 1.49% |
| Net Charge-Off Ratio (%) | ▼ | 1.28% | +0.27 | 1.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.15% | -1.19 | 14.34% |
Noninterest income ($3.00M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▇██▇ | Net Interest Margin (%) | 3.05% | 3.02% | 3.04% | 3.09% | 3.33% | 3.40% | 3.40% | 3.33% |
| █▅▂▁▁▃▅▆ | Return on Assets (%) | 1.07% | 1.02% | 0.97% | 0.95% | 0.96% | 0.98% | 1.01% | 1.03% |
| ▇▇██▄▄▄▁ | Efficiency Ratio (%) | 64.6% | 65.0% | 66.1% | 65.6% | 62.6% | 62.6% | 62.5% | 60.0% |
| ▇█▆▄▃▃▂▁ | Cost of Funds (%) | 2.20% | 2.29% | 2.14% | 1.94% | 1.91% | 1.91% | 1.80% | 1.71% |
| ▁█▅▅▄█▇█ | NPA / Assets (%) | 0.57% | 0.95% | 0.82% | 0.82% | 0.75% | 0.96% | 0.94% | 1.00% |
| ▁▆▅▅▄▇▇█ | Net Charge-Off Ratio (%) | 0.60% | 1.09% | 0.97% | 1.01% | 0.90% | 1.19% | 1.18% | 1.28% |
| ▅▇▅▇▇█▁▃ | Tang. Book Value ($M) | $185 | $189 | $185 | $188 | $189 | $191 | $178 | $183 |
| ██▄▃▂▁▂▃ | Gross Loans ($M) | $1,429 | $1,426 | $1,370 | $1,356 | $1,352 | $1,328 | $1,345 | $1,359 |
| ▄▄▂▅▁▁▅█ | Total Deposits ($M) | $1,534 | $1,536 | $1,506 | $1,541 | $1,497 | $1,486 | $1,550 | $1,588 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 4% |