Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.27% | -0.15 | 0.42% |
| Return on Equity (%) | ▼ | 3.00% | -1.96 | 4.96% |
| Net Interest Margin (%) | ▲ | 3.67% | +0.06 | 3.61% |
| Efficiency Ratio (%) | ▼ | 82.49% | +2.59 | 79.90% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.40 | $3 |
| Cost of Funds (%) | ▲ | 1.33% | -0.13 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,582 | +95.02 | $1,487 |
| Gross Loans ($M) | ▼ | $1,003 | -1.65 | $1,005 |
| Loan Growth YoY (%) | ▼ | 70.88% | -6.15 | 77.03% |
| Total Deposits ($M) | ▲ | $1,397 | +111.05 | $1,286 |
| Shareholders Equity ($M) | ▲ | $138 | +8.88 | $129 |
| Tang. Book Value ($M) | ▲ | $129 | +10.66 | $118 |
| TBV excl. AOCI ($M)** | ▲ | $150 | +13.07 | $137 |
| Loan / Deposit Ratio (%) | ▼ | 70.88% | -6.15 | 77.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.62% | +0.56 | 0.05% |
| Allowance / Loans (%) | — | 1.26% | -0.12% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 0.97% | +0.89 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.42% | +0.28 | 13.14% |
Noninterest income ($3.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▇▇███ | Net Interest Margin (%) | 3.21% | 3.21% | 3.25% | 3.61% | 3.64% | 3.71% | 3.72% | 3.67% |
| ▁▁▃▆▇▇█▃ | Return on Assets (%) | 0.16% | 0.14% | 0.24% | 0.42% | 0.44% | 0.47% | 0.53% | 0.27% |
| ██▅▃▃▃▁▆ | Efficiency Ratio (%) | 84.1% | 84.5% | 81.9% | 79.9% | 80.1% | 79.5% | 77.7% | 82.5% |
| ▇█▅▃▃▃▁▁ | Cost of Funds (%) | 1.74% | 1.82% | 1.63% | 1.46% | 1.45% | 1.46% | 1.33% | 1.33% |
| ▁▁▁▁▅▄██ | NPA / Assets (%) | 0.07% | 0.06% | 0.03% | 0.05% | 0.35% | 0.31% | 0.66% | 0.62% |
| ▁▁▁▁▅▄██ | Net Charge-Off Ratio (%) | 0.09% | 0.08% | 0.04% | 0.08% | 0.52% | 0.45% | 0.98% | 0.97% |
| ▁▂▃▅▅▇██ | Tang. Book Value ($M) | $106 | $111 | $114 | $118 | $120 | $125 | $127 | $129 |
| █▇█▃▄▁▄▂ | Gross Loans ($M) | $1,025 | $1,021 | $1,024 | $1,005 | $1,011 | $998 | $1,011 | $1,003 |
| ▂▂▁▁▁▁▂█ | Total Deposits ($M) | $1,293 | $1,299 | $1,277 | $1,286 | $1,273 | $1,280 | $1,298 | $1,397 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 18% |
| Agricultural | 3% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 8% |