Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.75% | +1.75 | -0.00% |
| Return on Equity (%) | ▲ | 14.02% | +14.03 | -0.01% |
| Net Interest Margin (%) | ▲ | 4.48% | +0.19 | 4.29% |
| Efficiency Ratio (%) | ▲ | 52.10% | -29.59 | 81.69% |
| Pre-Provision Profit ($M) | ▲ | $18 | +12.42 | $5 |
| Cost of Funds (%) | ▼ | 1.16% | +0.06 | 1.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,253 | +1.11 | $3,252 |
| Gross Loans ($M) | ▲ | $2,364 | +20.78 | $2,344 |
| Loan Growth YoY (%) | ▲ | 91.87% | +1.21 | 90.66% |
| Total Deposits ($M) | ▼ | $2,548 | -9.97 | $2,558 |
| Shareholders Equity ($M) | ▲ | $407 | +36.32 | $371 |
| Tang. Book Value ($M) | ▲ | $336 | +40.10 | $295 |
| TBV excl. AOCI ($M)** | ▲ | $362 | +40.82 | $322 |
| Loan / Deposit Ratio (%) | ▲ | 91.87% | +1.21 | 90.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.29% | -0.03 | 0.32% |
| Allowance / Loans (%) | — | 1.00% | -0.05% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 0.41% | -0.02 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.64% | +1.07 | 13.58% |
Noninterest income ($5.93M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▇███ | Net Interest Margin (%) | 3.86% | 3.87% | 3.89% | 4.29% | 4.38% | 4.43% | 4.48% | 4.48% |
| ▇▇▇▁▄▆▆█ | Return on Assets (%) | 1.52% | 1.44% | 1.38% | -0.00% | 0.77% | 1.17% | 1.23% | 1.75% |
| ▂▂▃█▅▃▃▁ | Efficiency Ratio (%) | 59.3% | 59.4% | 60.4% | 81.7% | 69.8% | 62.6% | 59.7% | 52.1% |
| ▁▂▃▅██▇▆ | Cost of Funds (%) | 0.92% | 1.00% | 1.01% | 1.10% | 1.27% | 1.25% | 1.22% | 1.16% |
| ▁▇▇██▇█▇ | NPA / Assets (%) | 0.15% | 0.29% | 0.30% | 0.32% | 0.31% | 0.31% | 0.33% | 0.29% |
| ▁▇▇████▇ | Net Charge-Off Ratio (%) | 0.19% | 0.39% | 0.40% | 0.43% | 0.43% | 0.43% | 0.45% | 0.41% |
| ▁▂▂▅▆▇██ | Tang. Book Value ($M) | $233 | $251 | $247 | $295 | $300 | $317 | $326 | $336 |
| ▁▁▁█████ | Gross Loans ($M) | $1,681 | $1,678 | $1,683 | $2,344 | $2,358 | $2,353 | $2,359 | $2,364 |
| ▁▁▁█████ | Total Deposits ($M) | $1,855 | $1,809 | $1,813 | $2,558 | $2,548 | $2,487 | $2,476 | $2,548 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 5% |
| Agricultural | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 7% |