Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.75 | 0.54% |
| Return on Equity (%) | ▲ | 13.82% | +6.95 | 6.87% |
| Net Interest Margin (%) | ▲ | 3.55% | +0.49 | 3.06% |
| Efficiency Ratio (%) | ▲ | 67.82% | -5.92 | 73.74% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.42 | $3 |
| Cost of Funds (%) | ▲ | 1.35% | -0.29 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,370 | -18.24 | $1,388 |
| Gross Loans ($M) | ▼ | $787 | -12.24 | $799 |
| Loan Growth YoY (%) | ▲ | 65.65% | +0.86 | 64.79% |
| Total Deposits ($M) | ▼ | $1,184 | -34.88 | $1,219 |
| Shareholders Equity ($M) | ▲ | $129 | +17.01 | $112 |
| Tang. Book Value ($M) | ▲ | $110 | +17.29 | $92 |
| TBV excl. AOCI ($M)** | ▲ | $126 | +15.16 | $110 |
| Loan / Deposit Ratio (%) | ▲ | 65.65% | +0.86 | 64.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.92% | -0.59 | 1.51% |
| Allowance / Loans (%) | — | 1.23% | 0.05% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 0.75% | -1.86 | 2.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.82% | +0.80 | 15.02% |
Noninterest income ($3.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 2.76% | 2.84% | 2.92% | 3.06% | 3.19% | 3.24% | 3.31% | 3.55% |
| ▁▂▃▂▁▂▃█ | Return on Assets (%) | 0.39% | 0.52% | 0.61% | 0.54% | 0.32% | 0.52% | 0.68% | 1.29% |
| ██▇▆▆▆▅▁ | Efficiency Ratio (%) | 76.8% | 75.8% | 74.6% | 73.7% | 74.2% | 73.8% | 72.4% | 67.8% |
| ▇██▇▆▄▁▁ | Cost of Funds (%) | 1.68% | 1.75% | 1.73% | 1.65% | 1.60% | 1.49% | 1.32% | 1.35% |
| ▁▁▂█▇▇▇▄ | NPA / Assets (%) | 0.40% | 0.40% | 0.55% | 1.51% | 1.26% | 1.31% | 1.25% | 0.92% |
| ▁▁▂█▁▂▁▁ | Net Charge-Off Ratio (%) | 0.65% | 0.63% | 0.90% | 2.61% | 0.82% | 0.88% | 0.77% | 0.75% |
| ▁▅▂▄▄▇██ | Tang. Book Value ($M) | $79 | $95 | $83 | $92 | $93 | $104 | $108 | $110 |
| █▆▅▃▁▂▂▁ | Gross Loans ($M) | $852 | $834 | $817 | $799 | $779 | $793 | $796 | $787 |
| ▅▆▃█▃▁▅▄ | Total Deposits ($M) | $1,192 | $1,201 | $1,180 | $1,219 | $1,174 | $1,157 | $1,190 | $1,184 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 4% |