Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.01 | 0.94% |
| Return on Equity (%) | ▼ | 9.42% | -0.05 | 9.47% |
| Net Interest Margin (%) | ▲ | 3.79% | +0.40 | 3.39% |
| Efficiency Ratio (%) | ▲ | 65.93% | -2.79 | 68.72% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.71 | $2 |
| Cost of Funds (%) | ▼ | 1.46% | +0.04 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $896 | +50.48 | $845 |
| Gross Loans ($M) | ▲ | $574 | +75.29 | $498 |
| Loan Growth YoY (%) | ▲ | 72.25% | +6.72 | 65.53% |
| Total Deposits ($M) | ▲ | $784 | +32.99 | $751 |
| Shareholders Equity ($M) | ▲ | $91 | +7.45 | $84 |
| Tang. Book Value ($M) | ▲ | $91 | +7.45 | $84 |
| TBV excl. AOCI ($M)** | ▲ | $104 | +6.75 | $97 |
| Loan / Deposit Ratio (%) | ▲ | 72.25% | +6.72 | 65.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.06 | 0.09% |
| Allowance / Loans (%) | — | 1.32% | 0.00% | 1.32% |
| Net Charge-Off Ratio (%) | ▼ | 0.23% | +0.07 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.35% | -0.78 | 16.13% |
Noninterest income ($1.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▆█ | Net Interest Margin (%) | 3.30% | 3.30% | 3.33% | 3.39% | 3.50% | 3.60% | 3.64% | 3.79% |
| ▅▁▁▆██▆▇ | Return on Assets (%) | 0.92% | 0.86% | 0.87% | 0.94% | 0.96% | 0.97% | 0.93% | 0.95% |
| ███▇▂▂▁▁ | Efficiency Ratio (%) | 69.2% | 69.3% | 69.5% | 68.7% | 66.8% | 66.5% | 66.0% | 65.9% |
| ▁██▁▂▅▃▃ | Cost of Funds (%) | 1.42% | 1.56% | 1.56% | 1.43% | 1.45% | 1.49% | 1.47% | 1.46% |
| ▂▄▁▁█▁▂▆ | NPA / Assets (%) | 0.10% | 0.13% | 0.10% | 0.09% | 0.17% | 0.10% | 0.10% | 0.15% |
| ▂▄▁▁█▁▁▅ | Net Charge-Off Ratio (%) | 0.18% | 0.22% | 0.17% | 0.15% | 0.29% | 0.15% | 0.17% | 0.23% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $79 | $81 | $81 | $84 | $86 | $88 | $90 | $91 |
| ▁▁▂▃▄▆██ | Gross Loans ($M) | $463 | $473 | $481 | $498 | $515 | $535 | $562 | $574 |
| ▁▁▄▆▆▄██ | Total Deposits ($M) | $680 | $684 | $725 | $751 | $746 | $732 | $775 | $784 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 14% |
| Agricultural | 2% |
| Consumer | 11% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 3% |