Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.21 | 1.01% |
| Return on Equity (%) | ▲ | 10.54% | +1.38 | 9.16% |
| Net Interest Margin (%) | ▲ | 3.55% | +0.20 | 3.35% |
| Efficiency Ratio (%) | ▲ | 62.49% | -3.74 | 66.23% |
| Pre-Provision Profit ($M) | ▲ | $12 | +2.25 | $10 |
| Cost of Funds (%) | ▲ | 1.56% | -0.21 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,930 | +119.98 | $2,810 |
| Gross Loans ($M) | ▼ | $2,038 | -41.79 | $2,080 |
| Loan Growth YoY (%) | ▼ | 78.75% | -5.02 | 83.77% |
| Total Deposits ($M) | ▲ | $2,554 | +105.70 | $2,449 |
| Shareholders Equity ($M) | ▲ | $341 | +25.89 | $315 |
| Tang. Book Value ($M) | ▲ | $291 | +26.70 | $264 |
| TBV excl. AOCI ($M)** | ▲ | $316 | +35.13 | $281 |
| Loan / Deposit Ratio (%) | ▼ | 78.75% | -5.02 | 83.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.66% | +0.20 | 0.46% |
| Allowance / Loans (%) | — | 1.30% | -0.08% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 0.91% | +0.55 | 0.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.29% | +1.03 | 12.26% |
Noninterest income ($7.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▆▇▃▁▃▄█ | Net Interest Margin (%) | 3.42% | 3.46% | 3.48% | 3.35% | 3.27% | 3.35% | 3.40% | 3.55% |
| ▂▁▁▅▆███ | Return on Assets (%) | 0.88% | 0.82% | 0.78% | 1.01% | 1.11% | 1.20% | 1.23% | 1.22% |
| █▅▅▅█▃▃▁ | Efficiency Ratio (%) | 68.7% | 66.0% | 66.3% | 66.2% | 67.9% | 64.8% | 64.8% | 62.5% |
| ▅▆▆▅█▃▁▁ | Cost of Funds (%) | 1.79% | 1.85% | 1.84% | 1.78% | 1.99% | 1.70% | 1.59% | 1.56% |
| ▂▆▁▁██▅▆ | NPA / Assets (%) | 0.50% | 0.67% | 0.48% | 0.46% | 0.75% | 0.73% | 0.62% | 0.66% |
| ▄▇▁▁▇█▇█ | Net Charge-Off Ratio (%) | 0.56% | 0.79% | 0.33% | 0.36% | 0.78% | 0.90% | 0.83% | 0.91% |
| ▁▂▁▃▄▆██ | Tang. Book Value ($M) | $250 | $257 | $252 | $264 | $269 | $280 | $286 | $291 |
| █▆▄▂▃▂▁▁ | Gross Loans ($M) | $2,211 | $2,167 | $2,116 | $2,080 | $2,093 | $2,065 | $2,051 | $2,038 |
| ▁▃▅▆▅▆██ | Total Deposits ($M) | $2,255 | $2,330 | $2,426 | $2,449 | $2,409 | $2,452 | $2,523 | $2,554 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 16% |
| Agricultural | 2% |
| Consumer | 2% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 5% |