Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.64% | +0.33 | 1.31% |
| Return on Equity (%) | ▲ | 16.66% | +1.70 | 14.96% |
| Net Interest Margin (%) | ▲ | 4.29% | +0.49 | 3.80% |
| Efficiency Ratio (%) | ▲ | 55.15% | -6.57 | 61.72% |
| Pre-Provision Profit ($M) | ▲ | $10 | +3.01 | $7 |
| Cost of Funds (%) | ▲ | 1.39% | -0.12 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,707 | +169.58 | $1,538 |
| Gross Loans ($M) | ▲ | $1,150 | +114.88 | $1,035 |
| Loan Growth YoY (%) | ▲ | 74.22% | +0.84 | 73.38% |
| Total Deposits ($M) | ▲ | $1,526 | +136.45 | $1,389 |
| Shareholders Equity ($M) | ▲ | $166 | +29.95 | $136 |
| Tang. Book Value ($M) | ▲ | $162 | +30.25 | $131 |
| TBV excl. AOCI ($M)** | ▲ | $179 | +32.47 | $146 |
| Loan / Deposit Ratio (%) | ▲ | 74.22% | +0.84 | 73.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.03 | 0.15% |
| Allowance / Loans (%) | — | 1.50% | 0.02% | 1.48% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.08 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.36% | +0.70 | 14.66% |
Noninterest income ($4.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▆█ | Net Interest Margin (%) | 3.58% | 3.60% | 3.68% | 3.80% | 3.90% | 3.95% | 4.05% | 4.29% |
| ▁▂▂▂▄▅▅█ | Return on Assets (%) | 1.23% | 1.28% | 1.30% | 1.31% | 1.41% | 1.46% | 1.48% | 1.64% |
| ████▅▂▂▁ | Efficiency Ratio (%) | 62.4% | 61.9% | 61.9% | 61.7% | 59.3% | 56.8% | 56.8% | 55.1% |
| ▇█▆▃▃▆▄▁ | Cost of Funds (%) | 1.69% | 1.73% | 1.65% | 1.51% | 1.52% | 1.64% | 1.53% | 1.39% |
| ▁▁▂█▁▅▃▅ | NPA / Assets (%) | 0.09% | 0.09% | 0.10% | 0.15% | 0.09% | 0.12% | 0.11% | 0.12% |
| ▁▁▃█▂▄▃▃ | Net Charge-Off Ratio (%) | 0.10% | 0.11% | 0.13% | 0.20% | 0.12% | 0.14% | 0.13% | 0.13% |
| ▁▃▂▃▄▇██ | Tang. Book Value ($M) | $115 | $127 | $124 | $131 | $138 | $150 | $157 | $162 |
| ▁▁▂▃▄▅▇█ | Gross Loans ($M) | $967 | $973 | $999 | $1,035 | $1,050 | $1,069 | $1,110 | $1,150 |
| ▁▂▂▄▅▇▆█ | Total Deposits ($M) | $1,302 | $1,336 | $1,349 | $1,389 | $1,438 | $1,474 | $1,456 | $1,526 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 14% |
| Agricultural | 1% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 7% |