Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.37% | -0.11 | 2.48% |
| Return on Equity (%) | ▲ | 21.18% | +0.23 | 20.95% |
| Net Interest Margin (%) | ▲ | 4.95% | +0.08 | 4.88% |
| Efficiency Ratio (%) | ▲ | 58.56% | -1.41 | 59.97% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.60 | $4 |
| Cost of Funds (%) | ▲ | 0.75% | -0.02 | 0.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $842 | +210.80 | $631 |
| Gross Loans ($M) | ▲ | $612 | +140.04 | $472 |
| Loan Growth YoY (%) | ▼ | 82.64% | -2.20 | 84.84% |
| Total Deposits ($M) | ▲ | $732 | +182.73 | $549 |
| Shareholders Equity ($M) | ▲ | $85 | +9.82 | $75 |
| Tang. Book Value ($M) | ▲ | $80 | +6.82 | $74 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +6.66 | $80 |
| Loan / Deposit Ratio (%) | ▼ | 82.64% | -2.20 | 84.84% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.54% | +0.36 | 0.18% |
| Allowance / Loans (%) | — | 1.20% | -0.12% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 0.60% | +0.60 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.28% | -2.83 | 15.11% |
Noninterest income ($1.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇██▆ | Net Interest Margin (%) | 4.45% | 4.52% | 4.56% | 4.88% | 5.06% | 5.17% | 5.23% | 4.95% |
| ▄▂▁█▄██▆ | Return on Assets (%) | 2.29% | 2.23% | 2.16% | 2.48% | 2.30% | 2.46% | 2.47% | 2.37% |
| ▅▆█▄▂▁▂▁ | Efficiency Ratio (%) | 60.8% | 61.5% | 62.6% | 60.0% | 58.8% | 58.0% | 58.8% | 58.6% |
| ▄█▅▁▄▇▇▁ | Cost of Funds (%) | 0.85% | 0.97% | 0.88% | 0.78% | 0.85% | 0.94% | 0.93% | 0.75% |
| ███▁▁▁▁▂ | NPA / Assets (%) | 1.65% | 1.65% | 1.65% | 0.18% | 0.19% | 0.33% | 0.33% | 0.54% |
| █▁▁▁▁▂▂▄ | Net Charge-Off Ratio (%) | 1.38% | 0.02% | 0.00% | 0.00% | 0.03% | 0.20% | 0.20% | 0.60% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $66 | $70 | $70 | $74 | $75 | $79 | $81 | $80 |
| ▁▁▁▃▄▅▅█ | Gross Loans ($M) | $435 | $423 | $435 | $472 | $514 | $540 | $525 | $612 |
| ▁▁▁▂▁▂▂█ | Total Deposits ($M) | $520 | $532 | $539 | $549 | $541 | $562 | $557 | $732 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 7% |
| Agricultural | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 1% |