Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.82% | +1.08 | 1.74% |
| Return on Equity (%) | ▲ | 26.74% | +7.58 | 19.16% |
| Net Interest Margin (%) | ▲ | 4.21% | +0.37 | 3.83% |
| Efficiency Ratio (%) | ▲ | 52.07% | -7.13 | 59.20% |
| Pre-Provision Profit ($M) | ▲ | $5 | +2.01 | $3 |
| Cost of Funds (%) | ▲ | 1.22% | -0.18 | 1.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $761 | +20.96 | $740 |
| Gross Loans ($M) | ▲ | $494 | +20.79 | $473 |
| Loan Growth YoY (%) | ▲ | 74.12% | +1.13 | 72.99% |
| Total Deposits ($M) | ▲ | $657 | +17.80 | $639 |
| Shareholders Equity ($M) | ▲ | $80 | +11.79 | $68 |
| Tang. Book Value ($M) | ▲ | $75 | +11.81 | $63 |
| TBV excl. AOCI ($M)** | ▲ | $84 | +12.00 | $72 |
| Loan / Deposit Ratio (%) | ▲ | 74.12% | +1.13 | 72.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.01 | 0.27% |
| Allowance / Loans (%) | — | 1.33% | 0.02% | 1.31% |
| Net Charge-Off Ratio (%) | ▲ | 0.38% | -0.04 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.63% | +0.99 | 18.64% |
Noninterest income ($3.53M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▃▅▇█ | Net Interest Margin (%) | 3.82% | 3.84% | 3.87% | 3.83% | 3.96% | 4.05% | 4.11% | 4.21% |
| ▁▁▁▁▂▃▃█ | Return on Assets (%) | 1.64% | 1.70% | 1.69% | 1.74% | 1.92% | 1.97% | 1.97% | 2.82% |
| ███▇▅▄▄▁ | Efficiency Ratio (%) | 60.9% | 60.0% | 60.2% | 59.2% | 57.1% | 56.2% | 56.1% | 52.1% |
| ▅██▇▆▅▄▁ | Cost of Funds (%) | 1.35% | 1.43% | 1.44% | 1.40% | 1.38% | 1.34% | 1.31% | 1.22% |
| ██▆▆▁▃▄▅ | NPA / Assets (%) | 0.30% | 0.31% | 0.28% | 0.27% | 0.19% | 0.23% | 0.23% | 0.26% |
| ██▇█▁▄▄▆ | Net Charge-Off Ratio (%) | 0.41% | 0.43% | 0.40% | 0.42% | 0.27% | 0.34% | 0.34% | 0.38% |
| ▁▃▂▄▅▆▇█ | Tang. Book Value ($M) | $54 | $61 | $58 | $63 | $65 | $69 | $72 | $75 |
| ▁▂▄▅▆███ | Gross Loans ($M) | $447 | $456 | $470 | $473 | $476 | $493 | $493 | $494 |
| ▁▂▂▆▇▅▃█ | Total Deposits ($M) | $606 | $615 | $615 | $639 | $645 | $635 | $623 | $657 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 4% |
| Agricultural | 3% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 4% |