Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.34 | 0.85% |
| Return on Equity (%) | ▲ | 11.75% | +3.54 | 8.21% |
| Net Interest Margin (%) | ▲ | 3.62% | +0.05 | 3.57% |
| Efficiency Ratio (%) | ▲ | 64.89% | -7.45 | 72.34% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.90 | $4 |
| Cost of Funds (%) | ▼ | 1.57% | +0.03 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,597 | +105.36 | $1,492 |
| Gross Loans ($M) | ▲ | $1,188 | +95.79 | $1,093 |
| Loan Growth YoY (%) | ▲ | 84.77% | +0.57 | 84.20% |
| Total Deposits ($M) | ▲ | $1,383 | +103.28 | $1,279 |
| Shareholders Equity ($M) | ▲ | $161 | +12.51 | $148 |
| Tang. Book Value ($M) | ▲ | $119 | +11.90 | $107 |
| TBV excl. AOCI ($M)** | ▲ | $128 | +11.15 | $117 |
| Loan / Deposit Ratio (%) | ▲ | 84.77% | +0.57 | 84.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.29% | -0.11 | 0.41% |
| Allowance / Loans (%) | — | 1.38% | -0.03% | 1.41% |
| Net Charge-Off Ratio (%) | ▲ | 0.32% | -0.23 | 0.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.21% | -0.13 | 12.35% |
Noninterest income ($4.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆███▇ | Net Interest Margin (%) | 3.22% | 3.27% | 3.36% | 3.57% | 3.66% | 3.69% | 3.71% | 3.62% |
| ▂▁▃▁▄▅▆█ | Return on Assets (%) | 0.93% | 0.87% | 0.96% | 0.85% | 0.98% | 1.03% | 1.08% | 1.19% |
| ██▇▇▄▄▃▁ | Efficiency Ratio (%) | 73.2% | 73.7% | 71.9% | 72.3% | 69.2% | 68.7% | 67.6% | 64.9% |
| ▇█▄▁▄▅▄▂ | Cost of Funds (%) | 1.68% | 1.73% | 1.63% | 1.54% | 1.62% | 1.65% | 1.62% | 1.57% |
| █████▂▁▁ | NPA / Assets (%) | 0.39% | 0.40% | 0.40% | 0.41% | 0.40% | 0.31% | 0.30% | 0.29% |
| ▆█▇██▄▃▁ | Net Charge-Off Ratio (%) | 0.47% | 0.53% | 0.52% | 0.55% | 0.53% | 0.41% | 0.39% | 0.32% |
| ▁▄▃▁▄▅▆█ | Tang. Book Value ($M) | $108 | $113 | $111 | $107 | $112 | $113 | $115 | $119 |
| ▁▂▂▄▅▅██ | Gross Loans ($M) | $1,013 | $1,039 | $1,054 | $1,093 | $1,108 | $1,115 | $1,182 | $1,188 |
| ▁▂▂▅▅▅▇█ | Total Deposits ($M) | $1,120 | $1,168 | $1,157 | $1,279 | $1,253 | $1,268 | $1,318 | $1,383 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 9% |
| Agricultural | 2% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 4% |