Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.33 | 0.77% |
| Return on Equity (%) | ▲ | 13.30% | +1.97 | 11.33% |
| Net Interest Margin (%) | ▲ | 2.89% | +0.61 | 2.28% |
| Efficiency Ratio (%) | ▲ | 65.50% | -4.75 | 70.24% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.98 | $4 |
| Cost of Funds (%) | ▲ | 1.79% | -0.40 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,136 | -41.89 | $2,178 |
| Gross Loans ($M) | ▲ | $1,295 | +82.46 | $1,212 |
| Loan Growth YoY (%) | ▲ | 68.83% | +3.54 | 65.29% |
| Total Deposits ($M) | ▲ | $1,853 | +21.84 | $1,832 |
| Shareholders Equity ($M) | ▲ | $176 | +28.38 | $148 |
| Tang. Book Value ($M) | ▲ | $171 | +28.40 | $143 |
| TBV excl. AOCI ($M)** | ▲ | $198 | +28.26 | $170 |
| Loan / Deposit Ratio (%) | ▲ | 68.83% | +3.54 | 65.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.59% | +0.41 | 0.18% |
| Allowance / Loans (%) | — | 1.47% | 0.11% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 0.98% | +0.66 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.86% | +0.17 | 13.69% |
Noninterest income ($3.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▅█ | Net Interest Margin (%) | 2.00% | 2.02% | 2.06% | 2.28% | 2.40% | 2.50% | 2.54% | 2.89% |
| ▁▁▁▅▆▆▅█ | Return on Assets (%) | 0.35% | 0.35% | 0.37% | 0.77% | 0.87% | 0.87% | 0.80% | 1.10% |
| ███▃▂▂▂▁ | Efficiency Ratio (%) | 83.0% | 83.4% | 82.7% | 70.2% | 68.6% | 68.2% | 69.0% | 65.5% |
| ██▆▅▇▅▃▁ | Cost of Funds (%) | 2.56% | 2.58% | 2.31% | 2.19% | 2.39% | 2.28% | 2.00% | 1.79% |
| ▃▂▂▂▁▁██ | NPA / Assets (%) | 0.26% | 0.21% | 0.21% | 0.18% | 0.13% | 0.11% | 0.55% | 0.59% |
| ▃▂▂▂▁▁██ | Net Charge-Off Ratio (%) | 0.39% | 0.31% | 0.35% | 0.32% | 0.22% | 0.18% | 0.90% | 0.98% |
| ▁▃▁▃▄▇██ | Tang. Book Value ($M) | $128 | $142 | $132 | $143 | $147 | $161 | $167 | $171 |
| ▄▂▁▁▁▁▆█ | Gross Loans ($M) | $1,250 | $1,230 | $1,214 | $1,212 | $1,217 | $1,220 | $1,266 | $1,295 |
| ▁▁▄█▆▅▇█ | Total Deposits ($M) | $1,514 | $1,513 | $1,676 | $1,832 | $1,760 | $1,709 | $1,784 | $1,853 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 15% |
| Agricultural | 9% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 11% |