Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.73% | +0.23 | 0.50% |
| Return on Equity (%) | ▲ | 8.70% | +0.63 | 8.07% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.79 | 3.24% |
| Efficiency Ratio (%) | ▲ | 76.37% | -7.10 | 83.47% |
| Pre-Provision Profit ($M) | ▲ | $5 | +2.13 | $3 |
| Cost of Funds (%) | ▲ | 1.35% | -0.23 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,814 | +46.33 | $1,768 |
| Gross Loans ($M) | ▲ | $966 | +36.64 | $930 |
| Loan Growth YoY (%) | ▲ | 58.59% | +2.91 | 55.68% |
| Total Deposits ($M) | ▼ | $1,627 | -20.92 | $1,648 |
| Shareholders Equity ($M) | ▲ | $151 | +37.14 | $114 |
| Tang. Book Value ($M) | ▲ | $138 | +37.14 | $101 |
| TBV excl. AOCI ($M)** | ▲ | $170 | +35.99 | $134 |
| Loan / Deposit Ratio (%) | ▲ | 58.59% | +2.91 | 55.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.31% | -0.10 | 0.41% |
| Allowance / Loans (%) | — | 1.34% | 0.05% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.66 | 0.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.91% | +0.93 | 12.98% |
Noninterest income ($3.82M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.89% | 2.96% | 3.00% | 3.24% | 3.33% | 3.50% | 3.67% | 4.03% |
| ▁▂▁▂█▅▅▃ | Return on Assets (%) | 0.35% | 0.42% | 0.16% | 0.50% | 1.98% | 1.29% | 1.18% | 0.73% |
| ███▇▁▁▂▆ | Efficiency Ratio (%) | 88.3% | 86.7% | 87.3% | 83.5% | 53.8% | 58.0% | 62.4% | 76.4% |
| ██▅▄▃▂▂▁ | Cost of Funds (%) | 1.81% | 1.78% | 1.64% | 1.58% | 1.50% | 1.43% | 1.43% | 1.35% |
| ▁▁▁▃█▁▄▂ | NPA / Assets (%) | 0.26% | 0.23% | 0.24% | 0.41% | 0.83% | 0.28% | 0.49% | 0.31% |
| ▃▂▂▄█▃▅▁ | Net Charge-Off Ratio (%) | 0.52% | 0.46% | 0.46% | 0.78% | 1.58% | 0.52% | 0.89% | 0.12% |
| ▁▄▁▂▅▇██ | Tang. Book Value ($M) | $92 | $111 | $92 | $101 | $120 | $133 | $140 | $138 |
| ▁▁▄▄▅██▆ | Gross Loans ($M) | $885 | $887 | $931 | $930 | $949 | $987 | $998 | $966 |
| ▁▂████▇▇ | Total Deposits ($M) | $1,530 | $1,551 | $1,653 | $1,648 | $1,642 | $1,653 | $1,631 | $1,627 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 12% |
| Agricultural | 4% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 11% |