Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.17 | 0.97% |
| Return on Equity (%) | ▼ | 12.63% | -0.22 | 12.85% |
| Net Interest Margin (%) | ▲ | 3.39% | +0.35 | 3.04% |
| Efficiency Ratio (%) | ▲ | 63.52% | -1.24 | 64.76% |
| Pre-Provision Profit ($M) | ▲ | $9 | +0.94 | $8 |
| Cost of Funds (%) | ▲ | 2.12% | -0.40 | 2.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,647 | -165.81 | $2,813 |
| Gross Loans ($M) | ▼ | $2,013 | -149.81 | $2,163 |
| Loan Growth YoY (%) | ▼ | 83.44% | -5.60 | 89.05% |
| Total Deposits ($M) | ▼ | $2,383 | -18.57 | $2,402 |
| Shareholders Equity ($M) | ▲ | $245 | +26.62 | $218 |
| Tang. Book Value ($M) | ▲ | $237 | +28.62 | $208 |
| TBV excl. AOCI ($M)** | ▲ | $261 | +28.60 | $232 |
| Loan / Deposit Ratio (%) | ▼ | 83.44% | -5.60 | 89.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.46% | +0.19 | 0.27% |
| Allowance / Loans (%) | — | 1.23% | 0.10% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 0.61% | +0.26 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -10.39 | 10.39% |
Noninterest income ($5.01M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▅█ | Net Interest Margin (%) | 2.94% | 2.93% | 2.92% | 3.04% | 3.11% | 3.18% | 3.21% | 3.39% |
| ▄▂▂▁▅▆▇█ | Return on Assets (%) | 1.06% | 1.01% | 1.00% | 0.97% | 1.06% | 1.09% | 1.11% | 1.14% |
| ▁▄▆█▃▂▃▄ | Efficiency Ratio (%) | 62.3% | 63.5% | 64.0% | 64.8% | 63.2% | 62.8% | 62.9% | 63.5% |
| ▇█▇▄▄▄▂▁ | Cost of Funds (%) | 2.73% | 2.93% | 2.76% | 2.52% | 2.49% | 2.50% | 2.32% | 2.12% |
| ▁▁▁▁▃█▁▂ | NPA / Assets (%) | 0.31% | 0.34% | 0.28% | 0.27% | 0.58% | 1.10% | 0.35% | 0.46% |
| ▁▁▁▁▃█▁▂ | Net Charge-Off Ratio (%) | 0.41% | 0.44% | 0.37% | 0.35% | 0.75% | 1.44% | 0.46% | 0.61% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $189 | $205 | $198 | $208 | $217 | $227 | $235 | $237 |
| ▇▇██▇▆▅▁ | Gross Loans ($M) | $2,129 | $2,132 | $2,155 | $2,163 | $2,140 | $2,122 | $2,091 | $2,013 |
| ▁▆▇▆▁▅█▅ | Total Deposits ($M) | $2,308 | $2,404 | $2,417 | $2,402 | $2,322 | $2,388 | $2,439 | $2,383 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 14% |
| Agricultural | 22% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 19% |