Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.90% | +0.04 | 0.85% |
| Return on Equity (%) | ▼ | 7.17% | -0.32 | 7.49% |
| Net Interest Margin (%) | ▲ | 3.91% | +0.64 | 3.27% |
| Efficiency Ratio (%) | ▲ | 64.05% | -6.34 | 70.39% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.30 | $6 |
| Cost of Funds (%) | ▲ | 1.15% | -0.40 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,234 | -64.74 | $2,298 |
| Gross Loans ($M) | ▼ | $1,701 | -22.62 | $1,724 |
| Loan Growth YoY (%) | ▲ | 91.76% | +2.72 | 89.04% |
| Total Deposits ($M) | ▼ | $1,839 | -82.89 | $1,922 |
| Shareholders Equity ($M) | ▲ | $281 | +17.18 | $264 |
| Tang. Book Value ($M) | ▲ | $182 | +18.90 | $163 |
| TBV excl. AOCI ($M)** | ▲ | $194 | +17.46 | $177 |
| Loan / Deposit Ratio (%) | ▲ | 91.76% | +2.72 | 89.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.09 | 0.24% |
| Allowance / Loans (%) | — | 0.79% | 0.08% | 0.70% |
| Net Charge-Off Ratio (%) | ▲ | 0.19% | -0.09 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.28% | +1.29 | 9.98% |
Noninterest income ($5.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▅▆█ | Net Interest Margin (%) | 2.90% | 2.92% | 3.03% | 3.27% | 3.40% | 3.51% | 3.58% | 3.91% |
| ▁▂▄▆▇██▇ | Return on Assets (%) | 0.34% | 0.49% | 0.65% | 0.85% | 0.98% | 1.08% | 1.08% | 0.90% |
| █▇▅▃▂▁▁▁ | Efficiency Ratio (%) | 84.1% | 79.1% | 74.3% | 70.4% | 67.7% | 65.5% | 64.4% | 64.0% |
| ██▆▄▃▃▁▁ | Cost of Funds (%) | 1.96% | 1.93% | 1.75% | 1.55% | 1.43% | 1.43% | 1.20% | 1.15% |
| ▂▃▆██▁▁▃ | NPA / Assets (%) | 0.13% | 0.14% | 0.20% | 0.24% | 0.23% | 0.11% | 0.12% | 0.15% |
| ▃▄███▁▁▄ | Net Charge-Off Ratio (%) | 0.17% | 0.19% | 0.27% | 0.28% | 0.28% | 0.12% | 0.14% | 0.19% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $146 | $158 | $158 | $163 | $168 | $174 | $179 | $182 |
| █▆▄▄▃▁▂▂ | Gross Loans ($M) | $1,781 | $1,755 | $1,727 | $1,724 | $1,719 | $1,683 | $1,707 | $1,701 |
| █▆▃▇▇▁▁▁ | Total Deposits ($M) | $1,944 | $1,918 | $1,878 | $1,922 | $1,921 | $1,850 | $1,842 | $1,839 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 4% |