Q1 Net Interest Margin Reaches 4.24% in 2026
Reports Q1 net interest margin 4.24%, up 21 basis points as compared to the prior quarter and 48 basis points from 3.76% last year. Tangible book value per share was $20.89 from $20.79 at previous quarter end. "We are off to a strong start in 2026, with record total revenue of $18.8M for the quarter and net earnings exceeding $5.0M," said CEO Abby Wendel. "Our return on assets rose to 1.29%, reflecting disciplined execution across the organization and was driven by solid net interest income growth alongside prudent expense management. We continue to make targeted investments in revenue generating activities to better meet evolving customer needs. At the same time, we are actively evaluating opportunities to improve efficiency and modernize how we deliver banking services across our footprint. As momentum builds, we remain focused on strengthening risk oversight and thoughtfully reinforcing our balance sheet and capital position. These priorities ensure we are well positioned to remain resilient and adaptable across all economic environments."
