Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.06% | +0.07 | 0.99% |
| Return on Equity (%) | ▲ | 13.24% | +0.49 | 12.75% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.32 | 3.50% |
| Efficiency Ratio (%) | ▼ | 65.81% | +0.71 | 65.10% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.87 | $8 |
| Cost of Funds (%) | ▲ | 1.33% | -0.15 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,342 | +166.76 | $2,175 |
| Gross Loans ($M) | ▲ | $1,354 | +143.24 | $1,211 |
| Loan Growth YoY (%) | ▲ | 63.51% | +3.02 | 60.49% |
| Total Deposits ($M) | ▲ | $2,111 | +128.90 | $1,982 |
| Shareholders Equity ($M) | ▲ | $184 | +11.37 | $173 |
| Tang. Book Value ($M) | ▲ | $181 | +10.97 | $170 |
| TBV excl. AOCI ($M)** | ▲ | $214 | +11.00 | $203 |
| Loan / Deposit Ratio (%) | ▲ | 63.51% | +3.02 | 60.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.27% | -0.22 | 0.50% |
| Allowance / Loans (%) | — | 0.98% | 0.01% | 0.96% |
| Net Charge-Off Ratio (%) | ▲ | 0.44% | -0.45 | 0.89% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.18% | -0.61 | 13.78% |
Noninterest income ($4.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▇█ | Net Interest Margin (%) | 3.27% | 3.29% | 3.34% | 3.50% | 3.65% | 3.71% | 3.73% | 3.83% |
| ▁▁▂▆▇███ | Return on Assets (%) | 0.82% | 0.81% | 0.84% | 0.99% | 1.01% | 1.06% | 1.05% | 1.06% |
| ██▇▁▂▁▁▂ | Efficiency Ratio (%) | 70.5% | 70.8% | 69.8% | 65.1% | 65.1% | 64.3% | 65.0% | 65.8% |
| ▇█▅▃▂▃▃▁ | Cost of Funds (%) | 1.80% | 1.90% | 1.62% | 1.48% | 1.47% | 1.51% | 1.47% | 1.33% |
| ▆▆██▅▁▄▁ | NPA / Assets (%) | 0.44% | 0.43% | 0.51% | 0.50% | 0.42% | 0.27% | 0.37% | 0.27% |
| ▆▆██▅▁▃▁ | Net Charge-Off Ratio (%) | 0.77% | 0.74% | 0.92% | 0.89% | 0.71% | 0.42% | 0.58% | 0.44% |
| ▁▃▂▄▆█▆▇ | Tang. Book Value ($M) | $157 | $165 | $161 | $170 | $177 | $186 | $178 | $181 |
| ▁▁▂▃▅▅▇█ | Gross Loans ($M) | $1,162 | $1,182 | $1,202 | $1,211 | $1,271 | $1,282 | $1,321 | $1,354 |
| ▁▁▄▅▄▃▅█ | Total Deposits ($M) | $1,821 | $1,839 | $1,959 | $1,982 | $1,932 | $1,925 | $1,980 | $2,111 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 5% |