Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.59% | +1.40 | 0.19% |
| Return on Equity (%) | ▲ | 15.24% | +13.41 | 1.83% |
| Net Interest Margin (%) | ▲ | 3.41% | +0.20 | 3.21% |
| Efficiency Ratio (%) | ▲ | 82.52% | -15.28 | 97.80% |
| Pre-Provision Profit ($M) | ▲ | $5 | +4.75 | $1 |
| Cost of Funds (%) | ▲ | 2.21% | -0.46 | 2.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,346 | +111.52 | $1,235 |
| Gross Loans ($M) | ▲ | $1,114 | +98.09 | $1,016 |
| Loan Growth YoY (%) | ▲ | 103.29% | +1.72 | 101.57% |
| Total Deposits ($M) | ▲ | $1,069 | +79.11 | $990 |
| Shareholders Equity ($M) | ▲ | $139 | +8.43 | $131 |
| Tang. Book Value ($M) | ▲ | $109 | +11.92 | $97 |
| TBV excl. AOCI ($M)** | ▲ | $114 | +12.14 | $102 |
| Loan / Deposit Ratio (%) | ▲ | 103.29% | +1.72 | 101.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.19% | -0.06 | 1.26% |
| Allowance / Loans (%) | — | 0.91% | -0.15% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 1.24% | -0.15 | 1.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($19.96M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆██ | Net Interest Margin (%) | 3.07% | 3.06% | 3.07% | 3.21% | 3.26% | 3.31% | 3.38% | 3.41% |
| ▇▃▃▁▄▅▆█ | Return on Assets (%) | 1.40% | 0.55% | 0.62% | 0.19% | 0.80% | 1.03% | 1.14% | 1.59% |
| ▁▆▅█▄▃▂▁ | Efficiency Ratio (%) | 83.0% | 92.3% | 91.5% | 97.8% | 90.0% | 87.3% | 85.5% | 82.5% |
| ▇█▇▅▆▄▅▁ | Cost of Funds (%) | 2.83% | 3.03% | 2.88% | 2.67% | 2.77% | 2.56% | 2.63% | 2.21% |
| ▁▄▁▆█▅▃▅ | NPA / Assets (%) | 0.94% | 1.15% | 0.99% | 1.26% | 1.41% | 1.18% | 1.10% | 1.19% |
| ▁▆▁▇█▃▂▄ | Net Charge-Off Ratio (%) | 1.06% | 1.33% | 1.05% | 1.39% | 1.49% | 1.21% | 1.11% | 1.24% |
| ▁▃▁▂▄▆██ | Tang. Book Value ($M) | $94 | $99 | $95 | $97 | $101 | $105 | $108 | $109 |
| ▄▂▃▁▁▆▆█ | Gross Loans ($M) | $1,055 | $1,039 | $1,044 | $1,016 | $1,028 | $1,086 | $1,090 | $1,114 |
| ▁▅▄▃▅▇▇█ | Total Deposits ($M) | $955 | $1,014 | $1,007 | $990 | $1,016 | $1,044 | $1,050 | $1,069 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 5% |
| Agricultural | 11% |
| Consumer | 1% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 22% |