Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.07% | +0.16 | 0.91% |
| Return on Equity (%) | ▲ | 11.70% | +0.89 | 10.81% |
| Net Interest Margin (%) | ▲ | 3.47% | +0.44 | 3.03% |
| Efficiency Ratio (%) | ▲ | 63.75% | -0.74 | 64.49% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.58 | $4 |
| Cost of Funds (%) | ▲ | 1.30% | -0.22 | 1.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,338 | -43.89 | $1,382 |
| Gross Loans ($M) | ▼ | $948 | -46.45 | $994 |
| Loan Growth YoY (%) | ▼ | 79.96% | -2.62 | 82.58% |
| Total Deposits ($M) | ▼ | $1,171 | -19.36 | $1,190 |
| Shareholders Equity ($M) | ▲ | $123 | +6.94 | $116 |
| Tang. Book Value ($M) | ▲ | $110 | +7.15 | $103 |
| TBV excl. AOCI ($M)** | ▲ | $118 | +5.58 | $113 |
| Loan / Deposit Ratio (%) | ▼ | 79.96% | -2.62 | 82.58% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.39% | +0.04 | 0.36% |
| Allowance / Loans (%) | — | 1.19% | 0.07% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.56% | +0.06 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.21% | +0.63 | 11.58% |
Noninterest income ($1.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 2.77% | 2.77% | 2.89% | 3.03% | 3.26% | 3.31% | 3.40% | 3.47% |
| ▁▁▂▅████ | Return on Assets (%) | 0.73% | 0.74% | 0.80% | 0.91% | 1.05% | 1.08% | 1.08% | 1.07% |
| ██▇▃▁▁▂▃ | Efficiency Ratio (%) | 69.3% | 68.8% | 67.8% | 64.5% | 62.0% | 61.6% | 62.7% | 63.7% |
| ▇█▆▃▃▄▂▁ | Cost of Funds (%) | 1.77% | 1.89% | 1.70% | 1.52% | 1.48% | 1.56% | 1.43% | 1.30% |
| ▁▁▂▆▆▇▆█ | NPA / Assets (%) | 0.27% | 0.29% | 0.29% | 0.36% | 0.35% | 0.36% | 0.35% | 0.39% |
| ▁▁▁▆▅▆▅█ | Net Charge-Off Ratio (%) | 0.36% | 0.38% | 0.37% | 0.49% | 0.48% | 0.50% | 0.48% | 0.56% |
| ▁▃▃▅▆█▇█ | Tang. Book Value ($M) | $94 | $100 | $99 | $103 | $105 | $110 | $107 | $110 |
| ▆▇█▆▅▅▄▁ | Gross Loans ($M) | $991 | $1,002 | $1,010 | $994 | $984 | $979 | $973 | $948 |
| ▁▂▁█▄▅▄▇ | Total Deposits ($M) | $1,098 | $1,107 | $1,095 | $1,190 | $1,140 | $1,145 | $1,131 | $1,171 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 6% |
| Agricultural | 4% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 7% |