Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.73% | -0.76 | 2.49% |
| Return on Equity (%) | ▼ | 18.13% | -9.67 | 27.80% |
| Net Interest Margin (%) | ▼ | 4.94% | -0.14 | 5.08% |
| Efficiency Ratio (%) | ▼ | 66.29% | +10.80 | 55.50% |
| Pre-Provision Profit ($M) | ▼ | $6 | -2.66 | $9 |
| Cost of Funds (%) | ▲ | 1.13% | -0.26 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,357 | -37.54 | $1,395 |
| Gross Loans ($M) | ▼ | $1,104 | -21.24 | $1,125 |
| Loan Growth YoY (%) | ▲ | 90.81% | +1.96 | 88.85% |
| Total Deposits ($M) | ▼ | $1,206 | -50.47 | $1,257 |
| Shareholders Equity ($M) | ▼ | $120 | -5.43 | $125 |
| Tang. Book Value ($M) | ▼ | $116 | -5.32 | $122 |
| TBV excl. AOCI ($M)** | ▼ | $122 | -5.60 | $128 |
| Loan / Deposit Ratio (%) | ▲ | 90.81% | +1.96 | 88.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.76% | +0.92 | 0.85% |
| Allowance / Loans (%) | — | 0.76% | 0.01% | 0.74% |
| Net Charge-Off Ratio (%) | ▼ | 1.64% | +0.70 | 0.94% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.59% | -0.64 | 12.22% |
Noninterest income ($3.16M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▄▆▆▆▁ | Net Interest Margin (%) | 5.21% | 5.28% | 5.27% | 5.08% | 5.17% | 5.19% | 5.18% | 4.94% |
| ███▆▇▆▆▁ | Return on Assets (%) | 2.79% | 2.79% | 2.75% | 2.49% | 2.55% | 2.50% | 2.41% | 1.73% |
| ▁▁▁▂▂▃▃█ | Efficiency Ratio (%) | 53.2% | 53.8% | 54.0% | 55.5% | 55.4% | 56.9% | 57.7% | 66.3% |
| ▆█▅▆▄▄▂▁ | Cost of Funds (%) | 1.39% | 1.51% | 1.36% | 1.39% | 1.32% | 1.29% | 1.19% | 1.13% |
| ▁▁▂▁▂▂▁█ | NPA / Assets (%) | 0.75% | 0.75% | 0.90% | 0.85% | 0.97% | 0.97% | 0.83% | 1.76% |
| ▂▁▃▃▃▂▁█ | Net Charge-Off Ratio (%) | 0.84% | 0.74% | 0.96% | 0.94% | 0.96% | 0.92% | 0.70% | 1.64% |
| ▁▃▂▃███▁ | Tang. Book Value ($M) | $118 | $120 | $120 | $122 | $131 | $132 | $132 | $116 |
| ▁▃▅█▆▅▆▆ | Gross Loans ($M) | $1,063 | $1,084 | $1,098 | $1,125 | $1,102 | $1,099 | $1,105 | $1,104 |
| ▃▂▇█▂▁▁▄ | Total Deposits ($M) | $1,195 | $1,180 | $1,235 | $1,257 | $1,186 | $1,176 | $1,167 | $1,206 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 20% |
| Agricultural | 4% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 1% |
| Interest-Bearing (core) | 94% |
| Brokered / Other | 5% |