Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.92% | +0.34 | 1.58% |
| Return on Equity (%) | ▲ | 17.15% | +0.91 | 16.24% |
| Net Interest Margin (%) | ▲ | 3.39% | +0.45 | 2.94% |
| Efficiency Ratio (%) | ▲ | 48.02% | -1.37 | 49.39% |
| Pre-Provision Profit ($M) | ▲ | $9 | +1.17 | $8 |
| Cost of Funds (%) | ▲ | 1.88% | -0.37 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,823 | -56.50 | $1,879 |
| Gross Loans ($M) | ▼ | $1,349 | -19.90 | $1,369 |
| Loan Growth YoY (%) | ▲ | 83.11% | +2.61 | 80.50% |
| Total Deposits ($M) | ▼ | $1,600 | -78.36 | $1,678 |
| Shareholders Equity ($M) | ▲ | $205 | +19.38 | $186 |
| Tang. Book Value ($M) | ▲ | $203 | +19.69 | $183 |
| TBV excl. AOCI ($M)** | ▲ | $220 | +18.60 | $202 |
| Loan / Deposit Ratio (%) | ▲ | 83.11% | +2.61 | 80.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.55% | -0.01 | 0.56% |
| Allowance / Loans (%) | — | 1.44% | 0.13% | 1.32% |
| Net Charge-Off Ratio (%) | ▲ | 0.71% | -0.06 | 0.77% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.84% | +1.08 | 12.76% |
Noninterest income ($2.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 2.64% | 2.67% | 2.77% | 2.94% | 3.07% | 3.10% | 3.16% | 3.39% |
| ▁▂▂▅▄▃▆█ | Return on Assets (%) | 1.20% | 1.33% | 1.33% | 1.58% | 1.55% | 1.46% | 1.66% | 1.92% |
| █▇▆▄▃▃▁▃ | Efficiency Ratio (%) | 56.2% | 53.7% | 52.3% | 49.4% | 47.2% | 47.3% | 43.4% | 48.0% |
| ▇█▇▅▅▄▄▁ | Cost of Funds (%) | 2.43% | 2.57% | 2.40% | 2.25% | 2.29% | 2.18% | 2.15% | 1.88% |
| ▄▁▇▇▇▅█▆ | NPA / Assets (%) | 0.50% | 0.38% | 0.58% | 0.56% | 0.57% | 0.52% | 0.61% | 0.55% |
| ▄▁▇▇▇▆█▅ | Net Charge-Off Ratio (%) | 0.67% | 0.53% | 0.79% | 0.77% | 0.77% | 0.73% | 0.83% | 0.71% |
| ▁▄▂▄▄▆██ | Tang. Book Value ($M) | $168 | $181 | $175 | $183 | $182 | $193 | $202 | $203 |
| ▁▃▅██▄▃▄ | Gross Loans ($M) | $1,328 | $1,343 | $1,349 | $1,369 | $1,370 | $1,348 | $1,342 | $1,349 |
| ▁▆▅▇▃█▁▁ | Total Deposits ($M) | $1,602 | $1,663 | $1,653 | $1,678 | $1,626 | $1,694 | $1,611 | $1,600 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 13% |
| Agricultural | 11% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 17% |