Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.63% | -0.03 | 1.66% |
| Return on Equity (%) | ▲ | 14.74% | +0.36 | 14.38% |
| Net Interest Margin (%) | ▼ | 5.02% | -0.18 | 5.19% |
| Efficiency Ratio (%) | ▲ | 55.34% | -4.23 | 59.57% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.16 | $6 |
| Cost of Funds (%) | ▲ | 1.55% | -0.18 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,254 | +122.21 | $1,131 |
| Gross Loans ($M) | ▲ | $878 | +37.58 | $841 |
| Loan Growth YoY (%) | ▼ | 78.54% | -5.10 | 83.64% |
| Total Deposits ($M) | ▲ | $1,108 | +111.43 | $996 |
| Shareholders Equity ($M) | ▲ | $134 | +9.54 | $125 |
| Tang. Book Value ($M) | ▲ | $101 | +11.06 | $90 |
| TBV excl. AOCI ($M)** | ▲ | $105 | +10.96 | $94 |
| Loan / Deposit Ratio (%) | ▼ | 78.54% | -5.10 | 83.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.57% | +0.07 | 0.50% |
| Allowance / Loans (%) | — | 0.95% | 0.07% | 0.89% |
| Net Charge-Off Ratio (%) | ▼ | 0.58% | +0.19 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.09% | +0.57 | 11.52% |
Noninterest income ($2.16M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▇███▅ | Net Interest Margin (%) | 4.48% | 4.70% | 4.88% | 5.19% | 5.30% | 5.37% | 5.40% | 5.02% |
| ▁▃▃▅▄▅█▅ | Return on Assets (%) | 0.95% | 1.33% | 1.36% | 1.66% | 1.54% | 1.67% | 2.29% | 1.63% |
| █▇▇▅▆▅▁▄ | Efficiency Ratio (%) | 68.8% | 64.1% | 65.1% | 59.6% | 60.5% | 59.3% | 44.7% | 55.3% |
| ██▇▂▂▂▁▁ | Cost of Funds (%) | 2.34% | 2.26% | 2.18% | 1.73% | 1.70% | 1.73% | 1.62% | 1.55% |
| ▂▁▁▅▄▇██ | NPA / Assets (%) | 0.41% | 0.38% | 0.40% | 0.50% | 0.48% | 0.55% | 0.59% | 0.57% |
| ▂▁▁▅▇▇▇█ | Net Charge-Off Ratio (%) | 0.19% | 0.13% | 0.13% | 0.40% | 0.50% | 0.49% | 0.48% | 0.58% |
| ▁▃▂▃▄▆▅█ | Tang. Book Value ($M) | $85 | $89 | $87 | $90 | $92 | $96 | $95 | $101 |
| ▂▁▁▂▃▅█▇ | Gross Loans ($M) | $847 | $834 | $832 | $841 | $852 | $867 | $892 | $878 |
| ▆▃▁▅▄▄▄█ | Total Deposits ($M) | $1,040 | $933 | $869 | $996 | $974 | $960 | $962 | $1,108 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 21% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 9% |