Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.19 | 0.86% |
| Return on Equity (%) | ▲ | 13.82% | +1.49 | 12.33% |
| Net Interest Margin (%) | ▲ | 3.18% | +0.39 | 2.80% |
| Efficiency Ratio (%) | ▲ | 60.84% | -3.52 | 64.36% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.94 | $6 |
| Cost of Funds (%) | ▲ | 1.66% | -0.15 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,110 | +81.72 | $2,029 |
| Gross Loans ($M) | ▲ | $1,555 | +75.36 | $1,480 |
| Loan Growth YoY (%) | ▲ | 79.67% | +1.57 | 78.10% |
| Total Deposits ($M) | ▲ | $1,923 | +55.77 | $1,867 |
| Shareholders Equity ($M) | ▲ | $160 | +22.27 | $138 |
| Tang. Book Value ($M) | ▲ | $154 | +21.16 | $133 |
| TBV excl. AOCI ($M)** | ▲ | $170 | +20.46 | $149 |
| Loan / Deposit Ratio (%) | ▲ | 79.67% | +1.57 | 78.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.36% | +0.18 | 0.18% |
| Allowance / Loans (%) | — | 1.50% | 0.04% | 1.46% |
| Net Charge-Off Ratio (%) | ▼ | 0.49% | +0.25 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.33% | +0.44 | 11.89% |
Noninterest income ($4.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆██ | Net Interest Margin (%) | 2.57% | 2.61% | 2.70% | 2.80% | 2.89% | 2.98% | 3.11% | 3.18% |
| ▁▁▂▂▄▆██ | Return on Assets (%) | 0.81% | 0.81% | 0.85% | 0.86% | 0.94% | 0.98% | 1.08% | 1.05% |
| ████▅▃▁▃ | Efficiency Ratio (%) | 63.9% | 64.2% | 64.3% | 64.4% | 62.2% | 61.1% | 59.3% | 60.8% |
| ▆▇█▄▄▂▃▁ | Cost of Funds (%) | 1.91% | 1.94% | 2.00% | 1.81% | 1.79% | 1.74% | 1.74% | 1.66% |
| ▁▁▁▁▄▃▇█ | NPA / Assets (%) | 0.19% | 0.18% | 0.20% | 0.18% | 0.27% | 0.23% | 0.32% | 0.36% |
| ▁▁▁▁▄▃▇█ | Net Charge-Off Ratio (%) | 0.26% | 0.25% | 0.25% | 0.24% | 0.34% | 0.31% | 0.43% | 0.49% |
| ▁▃▃▃▄▆██ | Tang. Book Value ($M) | $124 | $135 | $133 | $133 | $139 | $147 | $152 | $154 |
| ▁▁▃▄▆▇██ | Gross Loans ($M) | $1,432 | $1,444 | $1,468 | $1,480 | $1,510 | $1,536 | $1,553 | $1,555 |
| ▁▂▂▆▇█▇█ | Total Deposits ($M) | $1,740 | $1,782 | $1,767 | $1,867 | $1,879 | $1,906 | $1,888 | $1,923 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 9% |
| Agricultural | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 12% |