Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.27% | +0.19 | 1.09% |
| Return on Equity (%) | ▼ | 13.79% | -0.24 | 14.03% |
| Net Interest Margin (%) | ▲ | 3.87% | +0.51 | 3.36% |
| Efficiency Ratio (%) | ▲ | 53.00% | -7.31 | 60.31% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.88 | $5 |
| Cost of Funds (%) | ▲ | 1.86% | -0.42 | 2.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,600 | +343.33 | $1,256 |
| Gross Loans ($M) | ▲ | $1,082 | +251.01 | $831 |
| Loan Growth YoY (%) | ▼ | 75.99% | -3.68 | 79.67% |
| Total Deposits ($M) | ▲ | $1,404 | +373.66 | $1,030 |
| Shareholders Equity ($M) | ▲ | $150 | +49.29 | $100 |
| Tang. Book Value ($M) | ▲ | $117 | +33.44 | $84 |
| TBV excl. AOCI ($M)** | ▲ | $134 | +35.38 | $99 |
| Loan / Deposit Ratio (%) | ▼ | 75.99% | -3.68 | 79.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.70% | +0.36 | 0.33% |
| Allowance / Loans (%) | — | 1.45% | 0.16% | 1.29% |
| Net Charge-Off Ratio (%) | ▼ | 1.01% | +0.51 | 0.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.93% | -0.10 | 11.03% |
Noninterest income ($4.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆▇█ | Net Interest Margin (%) | 3.07% | 3.13% | 3.18% | 3.36% | 3.56% | 3.66% | 3.72% | 3.87% |
| ██▄▅▁▄▆█ | Return on Assets (%) | 1.29% | 1.23% | 1.02% | 1.09% | 0.82% | 1.03% | 1.12% | 1.27% |
| █▇▇█▇▆▅▁ | Efficiency Ratio (%) | 60.2% | 58.6% | 59.0% | 60.3% | 59.4% | 58.0% | 57.4% | 53.0% |
| ▇███▆▅▃▁ | Cost of Funds (%) | 2.25% | 2.31% | 2.32% | 2.29% | 2.15% | 2.11% | 2.03% | 1.86% |
| ▂▁▁▂▂▂▇█ | NPA / Assets (%) | 0.32% | 0.25% | 0.24% | 0.33% | 0.30% | 0.31% | 0.62% | 0.70% |
| ▂▁▁▂▁▁▇█ | Net Charge-Off Ratio (%) | 0.47% | 0.41% | 0.37% | 0.51% | 0.45% | 0.45% | 0.91% | 1.01% |
| ▁▃▁▂▄▆▇█ | Tang. Book Value ($M) | $73 | $84 | $77 | $84 | $92 | $104 | $112 | $117 |
| ▁▁▂▃████ | Gross Loans ($M) | $736 | $756 | $800 | $831 | $1,039 | $1,056 | $1,072 | $1,082 |
| ▁▁▁▃▇▇██ | Total Deposits ($M) | $895 | $884 | $922 | $1,030 | $1,295 | $1,312 | $1,340 | $1,404 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 9% |
| Agricultural | 7% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 12% |