Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.24% | -0.97 | 2.21% |
| Return on Equity (%) | ▼ | 9.66% | -6.79 | 16.45% |
| Net Interest Margin (%) | ▼ | 4.91% | -0.60 | 5.51% |
| Efficiency Ratio (%) | ▼ | 68.45% | +11.80 | 56.65% |
| Pre-Provision Profit ($M) | ▼ | $7 | -5.22 | $13 |
| Cost of Funds (%) | ▼ | 1.04% | +0.29 | 0.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,571 | +13.72 | $1,558 |
| Gross Loans ($M) | ▲ | $1,225 | +136.59 | $1,088 |
| Loan Growth YoY (%) | ▲ | 89.76% | +8.38 | 81.38% |
| Total Deposits ($M) | ▲ | $1,346 | +24.23 | $1,322 |
| Shareholders Equity ($M) | ▼ | $185 | -24.48 | $209 |
| Tang. Book Value ($M) | ▼ | $185 | -24.50 | $209 |
| TBV excl. AOCI ($M)** | ▼ | $197 | -27.54 | $225 |
| Loan / Deposit Ratio (%) | ▲ | 89.76% | +8.38 | 81.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.21% | +1.22 | 0.99% |
| Allowance / Loans (%) | — | 1.39% | 0.20% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 2.84% | +1.42 | 1.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.02% | -3.92 | 19.93% |
Noninterest income ($5.04M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▆▇██▇▆▁ | Net Interest Margin (%) | 5.29% | 5.33% | 5.39% | 5.51% | 5.47% | 5.41% | 5.33% | 4.91% |
| ███▇▅▅▃▁ | Return on Assets (%) | 2.37% | 2.38% | 2.47% | 2.21% | 1.97% | 1.89% | 1.65% | 1.24% |
| ▁▁▁▄▃▄▄█ | Efficiency Ratio (%) | 51.7% | 50.8% | 49.3% | 56.7% | 56.3% | 57.2% | 58.1% | 68.5% |
| ▄▃▃▁▅▆▆█ | Cost of Funds (%) | 0.87% | 0.84% | 0.83% | 0.75% | 0.92% | 0.93% | 0.95% | 1.04% |
| ▁▁▁▂▇▇▆█ | NPA / Assets (%) | 0.85% | 0.87% | 0.72% | 0.99% | 1.84% | 1.92% | 1.76% | 2.21% |
| ▂▂▁▂▇▇▆█ | Net Charge-Off Ratio (%) | 1.27% | 1.32% | 1.02% | 1.42% | 2.42% | 2.44% | 2.33% | 2.84% |
| ▁▃▄▆▅▇█▁ | Tang. Book Value ($M) | $185 | $197 | $202 | $209 | $204 | $214 | $220 | $185 |
| ▁▁▄▄▄▆▇█ | Gross Loans ($M) | $966 | $994 | $1,067 | $1,088 | $1,088 | $1,142 | $1,192 | $1,225 |
| ▁▆▆▇▄▅██ | Total Deposits ($M) | $1,170 | $1,289 | $1,286 | $1,322 | $1,241 | $1,260 | $1,344 | $1,346 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 22% |
| Agricultural | 4% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 55% |
| Interest-Bearing (core) | 25% |
| Brokered / Other | 20% |