Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.28 | 0.88% |
| Return on Equity (%) | ▲ | 10.12% | +1.98 | 8.14% |
| Net Interest Margin (%) | ▲ | 3.47% | +0.35 | 3.11% |
| Efficiency Ratio (%) | ▲ | 57.62% | -5.89 | 63.52% |
| Pre-Provision Profit ($M) | ▲ | $13 | +3.62 | $10 |
| Cost of Funds (%) | ▲ | 1.79% | -0.20 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,479 | +99.39 | $3,380 |
| Gross Loans ($M) | ▲ | $2,688 | +103.31 | $2,584 |
| Loan Growth YoY (%) | ▼ | 94.46% | -0.18 | 94.63% |
| Total Deposits ($M) | ▲ | $2,816 | +112.86 | $2,703 |
| Shareholders Equity ($M) | ▲ | $395 | +27.88 | $367 |
| Tang. Book Value ($M) | ▲ | $300 | +30.36 | $270 |
| TBV excl. AOCI ($M)** | ▲ | $321 | +30.01 | $291 |
| Loan / Deposit Ratio (%) | ▼ | 94.46% | -0.18 | 94.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.33% | +0.19 | 0.13% |
| Allowance / Loans (%) | — | 1.04% | 0.02% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.41% | +0.24 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.74% | +0.38 | 11.37% |
Noninterest income ($4.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇▇█ | Net Interest Margin (%) | 2.77% | 2.79% | 2.84% | 3.11% | 3.24% | 3.32% | 3.38% | 3.47% |
| ▁▁▂▃▄▅▆█ | Return on Assets (%) | 0.73% | 0.76% | 0.83% | 0.88% | 0.93% | 0.98% | 1.03% | 1.15% |
| ██▆▅▄▄▂▁ | Efficiency Ratio (%) | 67.1% | 66.2% | 63.9% | 63.5% | 62.3% | 61.4% | 59.9% | 57.6% |
| ██▇▃▅▄▂▁ | Cost of Funds (%) | 2.35% | 2.37% | 2.23% | 1.99% | 2.10% | 2.05% | 1.93% | 1.79% |
| ▁▁▁▂▂▃██ | NPA / Assets (%) | 0.08% | 0.09% | 0.09% | 0.13% | 0.11% | 0.15% | 0.33% | 0.33% |
| ▁▁▁▂▂▃██ | Net Charge-Off Ratio (%) | 0.10% | 0.11% | 0.12% | 0.17% | 0.14% | 0.19% | 0.41% | 0.41% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $247 | $260 | $260 | $270 | $276 | $288 | $297 | $300 |
| ▁▁▂▂▅▆█▇ | Gross Loans ($M) | $2,561 | $2,540 | $2,565 | $2,584 | $2,633 | $2,663 | $2,718 | $2,688 |
| ▁▃▃▃▄▆▅█ | Total Deposits ($M) | $2,645 | $2,688 | $2,691 | $2,703 | $2,714 | $2,756 | $2,735 | $2,816 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 12% |
| Agricultural | 8% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 7% |