Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.32 | 0.97% |
| Return on Equity (%) | ▲ | 12.76% | +2.05 | 10.71% |
| Net Interest Margin (%) | ▲ | 4.08% | +0.44 | 3.64% |
| Efficiency Ratio (%) | ▲ | 63.73% | -6.12 | 69.85% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.30 | $4 |
| Cost of Funds (%) | ▲ | 1.23% | -0.23 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,212 | +17.70 | $1,194 |
| Gross Loans ($M) | ▲ | $853 | +68.27 | $785 |
| Loan Growth YoY (%) | ▲ | 77.71% | +5.56 | 72.14% |
| Total Deposits ($M) | ▲ | $1,087 | +10.03 | $1,077 |
| Shareholders Equity ($M) | ▲ | $118 | +8.99 | $109 |
| Tang. Book Value ($M) | ▲ | $88 | +8.96 | $79 |
| TBV excl. AOCI ($M)** | ▲ | $99 | +8.55 | $90 |
| Loan / Deposit Ratio (%) | ▲ | 77.71% | +5.56 | 72.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.25 | 0.36% |
| Allowance / Loans (%) | — | 1.04% | -0.01% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.13 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.49% | -0.91 | 15.40% |
Noninterest income ($2.21M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▇█ | Net Interest Margin (%) | 3.11% | 3.14% | 3.27% | 3.64% | 3.71% | 3.73% | 3.84% | 4.08% |
| ▁▁▂▄▅▅▅█ | Return on Assets (%) | 0.72% | 0.77% | 0.85% | 0.97% | 1.03% | 1.02% | 1.05% | 1.29% |
| ██▇▄▃▃▃▁ | Efficiency Ratio (%) | 79.6% | 78.1% | 76.4% | 69.9% | 68.4% | 69.0% | 69.2% | 63.7% |
| ▆█▆▃▃▄▂▁ | Cost of Funds (%) | 1.65% | 1.84% | 1.66% | 1.46% | 1.46% | 1.51% | 1.38% | 1.23% |
| ▃▃████▆▁ | NPA / Assets (%) | 0.20% | 0.18% | 0.36% | 0.36% | 0.39% | 0.38% | 0.30% | 0.10% |
| ██▇▇█▇▃▁ | Net Charge-Off Ratio (%) | 0.32% | 0.31% | 0.29% | 0.28% | 0.32% | 0.30% | 0.20% | 0.15% |
| ▁▄▁▃▄▇█▆ | Tang. Book Value ($M) | $73 | $81 | $75 | $79 | $82 | $89 | $94 | $88 |
| ▁▁▃▄▅▆▇█ | Gross Loans ($M) | $721 | $722 | $767 | $785 | $789 | $805 | $825 | $853 |
| ▁█▅▅▅▅▃▆ | Total Deposits ($M) | $1,030 | $1,108 | $1,072 | $1,077 | $1,077 | $1,069 | $1,058 | $1,087 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 6% |