Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.11 | 1.20% |
| Return on Equity (%) | ▼ | 11.64% | -0.06 | 11.70% |
| Net Interest Margin (%) | ▲ | 4.26% | +0.45 | 3.81% |
| Efficiency Ratio (%) | ▲ | 61.17% | -2.74 | 63.91% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.34 | $6 |
| Cost of Funds (%) | ▲ | 1.22% | -0.26 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,601 | +26.99 | $1,574 |
| Gross Loans ($M) | ▲ | $1,101 | +23.64 | $1,077 |
| Loan Growth YoY (%) | ▲ | 81.81% | +2.63 | 79.17% |
| Total Deposits ($M) | ▼ | $1,331 | -14.12 | $1,345 |
| Shareholders Equity ($M) | ▲ | $181 | +16.88 | $164 |
| Tang. Book Value ($M) | ▲ | $143 | +17.27 | $126 |
| TBV excl. AOCI ($M)** | ▲ | $160 | +16.58 | $144 |
| Loan / Deposit Ratio (%) | ▲ | 81.81% | +2.63 | 79.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.65% | -0.21 | 0.85% |
| Allowance / Loans (%) | — | 1.15% | -0.04% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 0.94% | -0.29 | 1.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.22% | +0.76 | 12.45% |
Noninterest income ($3.69M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▆█ | Net Interest Margin (%) | 3.26% | 3.32% | 3.41% | 3.81% | 3.84% | 3.89% | 3.96% | 4.26% |
| ▁▂▂▇▆▆▇█ | Return on Assets (%) | 0.78% | 0.86% | 0.87% | 1.20% | 1.16% | 1.18% | 1.20% | 1.31% |
| █▇▆▃▂▁▁▁ | Efficiency Ratio (%) | 71.6% | 69.2% | 68.8% | 63.9% | 62.7% | 62.1% | 62.1% | 61.2% |
| ██▅▄▄▅▃▁ | Cost of Funds (%) | 1.72% | 1.77% | 1.55% | 1.48% | 1.48% | 1.55% | 1.41% | 1.22% |
| ▁▇▆▆█▄▄▄ | NPA / Assets (%) | 0.35% | 0.89% | 0.85% | 0.85% | 1.06% | 0.62% | 0.62% | 0.65% |
| ▁▇▆▆█▄▄▄ | Net Charge-Off Ratio (%) | 0.51% | 1.33% | 1.24% | 1.23% | 1.51% | 0.89% | 0.90% | 0.94% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $113 | $124 | $120 | $126 | $131 | $138 | $143 | $143 |
| ▁▂▅▆███▇ | Gross Loans ($M) | $983 | $1,005 | $1,055 | $1,077 | $1,122 | $1,121 | $1,116 | $1,101 |
| ▁▂▅▆▂▅█▅ | Total Deposits ($M) | $1,257 | $1,286 | $1,335 | $1,345 | $1,280 | $1,334 | $1,395 | $1,331 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 16% |
| Agricultural | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 8% |