Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.40 | 0.70% |
| Return on Equity (%) | ▲ | 12.52% | +4.13 | 8.39% |
| Net Interest Margin (%) | ▲ | 4.08% | +0.46 | 3.62% |
| Efficiency Ratio (%) | ▲ | 66.76% | -11.18 | 77.94% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.30 | $2 |
| Cost of Funds (%) | ▲ | 2.14% | -0.33 | 2.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $786 | +59.57 | $726 |
| Gross Loans ($M) | ▲ | $649 | +79.30 | $570 |
| Loan Growth YoY (%) | ▲ | 96.07% | +8.97 | 87.11% |
| Total Deposits ($M) | ▲ | $669 | +20.92 | $648 |
| Shareholders Equity ($M) | ▲ | $68 | +6.97 | $61 |
| Tang. Book Value ($M) | ▲ | $68 | +6.97 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $72 | +6.88 | $65 |
| Loan / Deposit Ratio (%) | ▲ | 96.07% | +8.97 | 87.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.69% | +0.60 | 0.10% |
| Allowance / Loans (%) | — | 0.92% | 0.06% | 0.87% |
| Net Charge-Off Ratio (%) | ▼ | 0.78% | +0.66 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.43% | -0.27 | 11.69% |
Noninterest income ($1.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▄▆█ | Net Interest Margin (%) | 3.67% | 3.65% | 3.64% | 3.62% | 3.72% | 3.80% | 3.91% | 4.08% |
| ▁▁▂▁▁▂▃█ | Return on Assets (%) | 0.74% | 0.74% | 0.80% | 0.70% | 0.75% | 0.79% | 0.84% | 1.10% |
| ▇▇▆█▅▄▃▁ | Efficiency Ratio (%) | 76.2% | 75.4% | 74.2% | 77.9% | 73.7% | 71.3% | 70.2% | 66.8% |
| ▆▇█▇▆▅▃▁ | Cost of Funds (%) | 2.41% | 2.48% | 2.58% | 2.47% | 2.47% | 2.39% | 2.27% | 2.14% |
| ▁▁▁▁▆███ | NPA / Assets (%) | 0.07% | 0.09% | 0.06% | 0.10% | 0.54% | 0.70% | 0.75% | 0.69% |
| ▁▁▁▁▇██▇ | Net Charge-Off Ratio (%) | 0.09% | 0.12% | 0.08% | 0.12% | 0.70% | 0.89% | 0.86% | 0.78% |
| ▁▂▂▃▄▆▇█ | Tang. Book Value ($M) | $58 | $60 | $59 | $61 | $62 | $65 | $66 | $68 |
| ▁▁▁▂▃▂▅█ | Gross Loans ($M) | $544 | $547 | $556 | $570 | $572 | $568 | $605 | $649 |
| ▁▃▇▇█▇██ | Total Deposits ($M) | $551 | $592 | $649 | $648 | $667 | $644 | $657 | $669 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 3% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 21% |