Net Interest Margin Rises to 3.75%, Strong Profitability Reported
Net interest margin increased to 3.75% as compared to 3.74% in the first quarter of 2025. Increased Tangible Book Value per share by 1% to $25.69 per share during the quarter. The Community Bank Leverage Ratio increased to 12.05% for our subsidiary bank as compared to 11.94% as of December 31, 2025. "I am extremely proud to report a strong start to 2026!" stated Kevin McPhaill, CEO and President. "Profitability remains our top strategic priority as shown by our consistently high ROAA of 1.39%. Furthermore, this was our fifth consecutive quarter of improvement to our efficiency ratio, which is directly attributable to ongoing expense management discipline. We have redoubled our community banking efforts within our branch network, resulting in an increase of 2% in core customer deposits during the first quarter. We are extremely proud of these continued strong results, and I believe the remainder of 2026 will further demonstrate our discipline, drive, and commitment to excellence!" concluded Mr. McPhaill.
