Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.68% | -0.00 | 1.69% |
| Return on Equity (%) | ▼ | 17.50% | -5.38 | 22.88% |
| Net Interest Margin (%) | ▲ | 3.25% | +0.20 | 3.06% |
| Efficiency Ratio (%) | ▲ | 39.40% | -0.10 | 39.51% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.48 | $4 |
| Cost of Funds (%) | ▲ | 1.33% | -0.06 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $842 | +6.93 | $836 |
| Gross Loans ($M) | ▲ | $438 | +14.43 | $423 |
| Loan Growth YoY (%) | ▲ | 58.57% | +2.60 | 55.97% |
| Total Deposits ($M) | ▼ | $738 | -10.04 | $748 |
| Shareholders Equity ($M) | ▲ | $81 | +17.09 | $64 |
| Tang. Book Value ($M) | ▲ | $80 | +17.04 | $63 |
| TBV excl. AOCI ($M)** | ▲ | $97 | +18.34 | $79 |
| Loan / Deposit Ratio (%) | ▲ | 58.57% | +2.60 | 55.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.02 | 0.08% |
| Allowance / Loans (%) | — | 1.28% | 0.16% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.17% | +0.03 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.95% | +1.15 | 19.80% |
Noninterest income ($0.98M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▇▇▇█ | Net Interest Margin (%) | 2.61% | 2.70% | 2.80% | 3.06% | 3.10% | 3.12% | 3.17% | 3.25% |
| ▁▃▄██▇██ | Return on Assets (%) | 0.92% | 1.15% | 1.23% | 1.69% | 1.64% | 1.53% | 1.61% | 1.68% |
| █▅▅▁▁▁▁▁ | Efficiency Ratio (%) | 47.8% | 44.4% | 44.0% | 39.5% | 40.0% | 39.3% | 39.5% | 39.4% |
| ▆█▇▂▂▄▅▁ | Cost of Funds (%) | 1.50% | 1.58% | 1.52% | 1.38% | 1.37% | 1.45% | 1.46% | 1.33% |
| ▁▁▁▇▂▃▄█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.08% | 0.02% | 0.03% | 0.04% | 0.09% |
| ▁▁▁▇▂▃▄█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.15% | 0.03% | 0.05% | 0.08% | 0.17% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $50 | $61 | $56 | $63 | $68 | $74 | $79 | $80 |
| ▁▂▄▆▇███ | Gross Loans ($M) | $394 | $404 | $415 | $423 | $432 | $438 | $439 | $438 |
| ▁█▁██▇▁▄ | Total Deposits ($M) | $726 | $750 | $727 | $748 | $749 | $744 | $729 | $738 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 10% |
| Agricultural | 3% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 9% |