Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 8.55% | +7.88 | 0.67% |
| Return on Equity (%) | ▲ | 123.01% | +102.52 | 20.49% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.44 | 3.24% |
| Efficiency Ratio (%) | ▲ | 23.19% | -52.12 | 75.32% |
| Pre-Provision Profit ($M) | ▲ | $12 | +10.47 | $1 |
| Cost of Funds (%) | ▲ | 0.95% | -0.42 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $522 | +16.52 | $506 |
| Gross Loans ($M) | ▲ | $286 | +25.04 | $260 |
| Loan Growth YoY (%) | ▲ | 60.75% | +7.59 | 53.16% |
| Total Deposits ($M) | ▼ | $466 | -20.15 | $487 |
| Shareholders Equity ($M) | ▲ | $41 | +23.66 | $17 |
| Tang. Book Value ($M) | ▲ | $41 | +23.66 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +23.99 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 60.75% | +7.59 | 53.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.02% | +0.02 | 2.00% |
| Allowance / Loans (%) | — | 0.74% | 0.06% | 0.68% |
| Net Charge-Off Ratio (%) | ▲ | 3.70% | -0.19 | 3.89% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.75% | +3.04 | 12.70% |
Noninterest income ($10.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▅▆▇█ | Net Interest Margin (%) | 3.22% | 3.20% | 3.15% | 3.24% | 3.46% | 3.50% | 3.57% | 3.68% |
| ▁▁▁▁▁▁▂█ | Return on Assets (%) | 0.48% | 0.53% | 0.53% | 0.67% | 0.78% | 0.80% | 2.30% | 8.55% |
| ██████▇▁ | Efficiency Ratio (%) | 80.0% | 79.5% | 79.1% | 75.3% | 73.7% | 73.4% | 70.9% | 23.2% |
| ▇█▇██▆▃▁ | Cost of Funds (%) | 1.33% | 1.36% | 1.33% | 1.37% | 1.40% | 1.28% | 1.11% | 0.95% |
| ▁▄█▄▆▇▅▄ | NPA / Assets (%) | 1.56% | 1.92% | 2.50% | 2.00% | 2.24% | 2.29% | 2.14% | 2.02% |
| ▁▃█▅▆▆▄▄ | Net Charge-Off Ratio (%) | 2.80% | 3.49% | 4.77% | 3.89% | 4.16% | 4.06% | 3.78% | 3.70% |
| ▁▁▁▂▂▃▅█ | Tang. Book Value ($M) | $13 | $15 | $15 | $17 | $19 | $21 | $30 | $41 |
| ▁▁▂▂▃▆▇█ | Gross Loans ($M) | $256 | $253 | $259 | $260 | $264 | $276 | $279 | $286 |
| ▁▁▇█▅▅▄▅ | Total Deposits ($M) | $446 | $443 | $477 | $487 | $468 | $467 | $460 | $466 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 9% |