Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.91% | +0.05 | 0.86% |
| Return on Equity (%) | ▼ | 10.29% | -1.02 | 11.31% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.46 | 3.17% |
| Efficiency Ratio (%) | ▼ | 72.32% | +4.18 | 68.14% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.00 | $7 |
| Cost of Funds (%) | ▲ | 1.27% | -0.33 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,423 | +203.29 | $2,220 |
| Gross Loans ($M) | ▲ | $1,649 | +202.34 | $1,447 |
| Loan Growth YoY (%) | ▲ | 78.59% | +3.12 | 75.48% |
| Total Deposits ($M) | ▲ | $2,074 | +179.21 | $1,895 |
| Shareholders Equity ($M) | ▲ | $217 | +45.46 | $171 |
| Tang. Book Value ($M) | ▲ | $205 | +35.85 | $169 |
| TBV excl. AOCI ($M)** | ▲ | $233 | +34.29 | $199 |
| Loan / Deposit Ratio (%) | ▲ | 78.59% | +3.12 | 75.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.57% | +0.09 | 0.48% |
| Allowance / Loans (%) | — | 1.15% | 0.01% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 0.84% | +0.10 | 0.74% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.03% | -0.39 | 13.42% |
Noninterest income ($4.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▅█ | Net Interest Margin (%) | 3.01% | 3.00% | 3.01% | 3.17% | 3.25% | 3.31% | 3.35% | 3.63% |
| ▄▁▁▂▆██▃ | Return on Assets (%) | 0.93% | 0.85% | 0.82% | 0.86% | 0.99% | 1.06% | 1.08% | 0.91% |
| ███▄▁▁▁█ | Efficiency Ratio (%) | 71.7% | 72.5% | 71.6% | 68.1% | 65.9% | 65.2% | 65.3% | 72.3% |
| ▆██▆▆▆▄▁ | Cost of Funds (%) | 1.57% | 1.69% | 1.74% | 1.60% | 1.61% | 1.62% | 1.50% | 1.27% |
| ▁▆█▇▇▆▅█ | NPA / Assets (%) | 0.22% | 0.47% | 0.54% | 0.48% | 0.51% | 0.44% | 0.42% | 0.57% |
| ▁▆█▇▆▆▅█ | Net Charge-Off Ratio (%) | 0.32% | 0.70% | 0.83% | 0.74% | 0.70% | 0.66% | 0.62% | 0.84% |
| ▁▂▂▂▃▅▇█ | Tang. Book Value ($M) | $158 | $169 | $164 | $169 | $173 | $186 | $196 | $205 |
| ▁▁▂▂▃▃▅█ | Gross Loans ($M) | $1,385 | $1,413 | $1,431 | $1,447 | $1,466 | $1,484 | $1,518 | $1,649 |
| ▁▂▄▄▄▄▄█ | Total Deposits ($M) | $1,756 | $1,817 | $1,891 | $1,895 | $1,897 | $1,885 | $1,915 | $2,074 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 8% |
| Agricultural | 3% |
| Consumer | 5% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 7% |