Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.35% | +0.21 | 2.14% |
| Return on Equity (%) | ▲ | 21.75% | +1.15 | 20.60% |
| Net Interest Margin (%) | ▲ | 4.67% | +0.32 | 4.35% |
| Efficiency Ratio (%) | ▲ | 51.85% | -1.12 | 52.97% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.56 | $4 |
| Cost of Funds (%) | ▲ | 1.35% | -0.22 | 1.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $710 | +45.07 | $665 |
| Gross Loans ($M) | ▲ | $476 | +35.09 | $440 |
| Loan Growth YoY (%) | ▲ | 74.47% | +0.07 | 74.40% |
| Total Deposits ($M) | ▲ | $629 | +45.82 | $583 |
| Shareholders Equity ($M) | ▲ | $77 | +6.78 | $70 |
| Tang. Book Value ($M) | ▲ | $72 | +6.78 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $79 | +7.13 | $72 |
| Loan / Deposit Ratio (%) | ▲ | 74.47% | +0.07 | 74.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.18% | -0.01 | 0.20% |
| Allowance / Loans (%) | — | 1.52% | 0.01% | 1.51% |
| Net Charge-Off Ratio (%) | ▼ | 0.26% | +0.02 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.80% | -0.03 | 18.83% |
Noninterest income ($1.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇▇██ | Net Interest Margin (%) | 3.83% | 3.93% | 4.03% | 4.35% | 4.47% | 4.54% | 4.60% | 4.67% |
| ▁▁▂▆▇▇▇█ | Return on Assets (%) | 1.68% | 1.74% | 1.82% | 2.14% | 2.21% | 2.26% | 2.26% | 2.35% |
| ██▇▂▂▁▁▁ | Efficiency Ratio (%) | 59.4% | 58.8% | 57.9% | 53.0% | 52.9% | 52.7% | 52.7% | 51.9% |
| ▇█▆▄▄▃▂▁ | Cost of Funds (%) | 1.78% | 1.90% | 1.74% | 1.56% | 1.58% | 1.50% | 1.48% | 1.35% |
| ▂▁█▁▃▁▁▁ | NPA / Assets (%) | 0.23% | 0.19% | 0.53% | 0.20% | 0.28% | 0.21% | 0.22% | 0.18% |
| ▁▁█▁▂▁▂▁ | Net Charge-Off Ratio (%) | 0.30% | 0.27% | 0.76% | 0.24% | 0.36% | 0.28% | 0.31% | 0.26% |
| ▁▄▃▄▅█▇█ | Tang. Book Value ($M) | $58 | $64 | $62 | $65 | $66 | $71 | $69 | $72 |
| ▁▃▄▄▅▆▇█ | Gross Loans ($M) | $414 | $431 | $439 | $440 | $448 | $458 | $466 | $476 |
| ▁▂▂▄▃▅▅█ | Total Deposits ($M) | $555 | $565 | $571 | $583 | $576 | $592 | $598 | $629 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 6% |
| Agricultural | 3% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 14% |