Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.72% | +0.46 | 1.25% |
| Return on Equity (%) | ▲ | 17.72% | +3.06 | 14.66% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.23 | 3.87% |
| Efficiency Ratio (%) | ▲ | 52.98% | -8.33 | 61.32% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.56 | $3 |
| Cost of Funds (%) | ▲ | 1.98% | -0.12 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $824 | +63.26 | $761 |
| Gross Loans ($M) | ▲ | $611 | +40.93 | $570 |
| Loan Growth YoY (%) | ▼ | 93.69% | -1.71 | 95.40% |
| Total Deposits ($M) | ▲ | $644 | +52.84 | $591 |
| Shareholders Equity ($M) | ▲ | $80 | +13.72 | $67 |
| Tang. Book Value ($M) | ▲ | $63 | +9.52 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +9.68 | $60 |
| Loan / Deposit Ratio (%) | ▼ | 93.69% | -1.71 | 95.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.52% | +1.15 | 0.38% |
| Allowance / Loans (%) | — | 1.28% | 0.18% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 2.05% | +1.55 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.76% | +0.26 | 10.50% |
Noninterest income ($2.95M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▆▇███ | Net Interest Margin (%) | 3.41% | 3.60% | 3.71% | 3.87% | 3.99% | 4.08% | 4.09% | 4.10% |
| ▁▂▃▄▆▆▅█ | Return on Assets (%) | 0.79% | 0.97% | 1.11% | 1.25% | 1.38% | 1.41% | 1.36% | 1.72% |
| ██▇▆▄▃▃▁ | Efficiency Ratio (%) | 65.9% | 64.7% | 63.2% | 61.3% | 58.8% | 57.7% | 57.7% | 53.0% |
| ▁██▇▆▆▆▅ | Cost of Funds (%) | 1.72% | 2.21% | 2.19% | 2.10% | 2.06% | 2.06% | 2.03% | 1.98% |
| ▁▁▁▁▃▃██ | NPA / Assets (%) | 0.22% | 0.26% | 0.33% | 0.38% | 0.62% | 0.65% | 1.59% | 1.52% |
| ▁▁▁▁▃▃██ | Net Charge-Off Ratio (%) | 0.30% | 0.36% | 0.46% | 0.50% | 0.82% | 0.84% | 2.09% | 2.05% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $44 | $50 | $50 | $53 | $57 | $59 | $61 | $63 |
| ▁▂▂▄▆▇██ | Gross Loans ($M) | $533 | $550 | $552 | $570 | $589 | $602 | $618 | $611 |
| ▂▁▂▂▃▃▇█ | Total Deposits ($M) | $592 | $581 | $594 | $591 | $602 | $604 | $636 | $644 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 11% |
| Agricultural | 6% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 7% |