Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.13% | -0.21 | 1.33% |
| Return on Equity (%) | ▼ | 7.62% | -2.15 | 9.77% |
| Net Interest Margin (%) | ▼ | 4.34% | -0.25 | 4.59% |
| Efficiency Ratio (%) | ▼ | 65.22% | +10.99 | 54.23% |
| Pre-Provision Profit ($M) | ▼ | $6 | -2.15 | $8 |
| Cost of Funds (%) | ▼ | 1.10% | +0.04 | 1.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,452 | +58.14 | $1,394 |
| Gross Loans ($M) | ▲ | $904 | +19.67 | $884 |
| Loan Growth YoY (%) | ▼ | 74.26% | -0.68 | 74.94% |
| Total Deposits ($M) | ▲ | $1,201 | +40.14 | $1,160 |
| Shareholders Equity ($M) | ▲ | $216 | +21.49 | $194 |
| Tang. Book Value ($M) | ▲ | $209 | +21.56 | $187 |
| TBV excl. AOCI ($M)** | ▲ | $224 | +22.44 | $202 |
| Loan / Deposit Ratio (%) | ▼ | 74.26% | -0.68 | 74.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.20% | +0.15 | 1.05% |
| Allowance / Loans (%) | — | 1.37% | -0.29% | 1.66% |
| Net Charge-Off Ratio (%) | ▼ | 1.78% | +0.22 | 1.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.87% | +0.51 | 20.36% |
Noninterest income ($2.56M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▇▆███▁ | Net Interest Margin (%) | 4.68% | 4.59% | 4.62% | 4.59% | 4.67% | 4.68% | 4.66% | 4.34% |
| █▇█▃▄▃▃▁ | Return on Assets (%) | 1.76% | 1.64% | 1.78% | 1.33% | 1.39% | 1.35% | 1.32% | 1.13% |
| ▁▂▁▂▃▅▆█ | Efficiency Ratio (%) | 53.0% | 53.6% | 51.5% | 54.2% | 56.4% | 58.7% | 60.6% | 65.2% |
| ▁█▂▁▂▄▃▂ | Cost of Funds (%) | 1.01% | 1.44% | 1.09% | 1.06% | 1.11% | 1.19% | 1.14% | 1.10% |
| ▃█▇▅▃▁▇▇ | NPA / Assets (%) | 0.83% | 1.33% | 1.18% | 1.05% | 0.83% | 0.66% | 1.18% | 1.20% |
| ▂█▆▆▂▁██ | Net Charge-Off Ratio (%) | 1.05% | 1.79% | 1.55% | 1.56% | 1.09% | 0.89% | 1.77% | 1.78% |
| ▁▄▅▆▇▇██ | Tang. Book Value ($M) | $140 | $173 | $179 | $187 | $193 | $200 | $206 | $209 |
| ▁▅▆▇████ | Gross Loans ($M) | $789 | $858 | $873 | $884 | $893 | $905 | $894 | $904 |
| ▁▇▇▇████ | Total Deposits ($M) | $1,006 | $1,154 | $1,168 | $1,160 | $1,178 | $1,177 | $1,195 | $1,201 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 22% |
| Agricultural | 6% |
| Consumer | 4% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 43% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 9% |