Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.67% | +0.16 | 1.51% |
| Return on Equity (%) | ▲ | 16.14% | +0.36 | 15.78% |
| Net Interest Margin (%) | ▲ | 4.45% | +0.17 | 4.29% |
| Efficiency Ratio (%) | ▲ | 57.72% | -0.14 | 57.86% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.35 | $5 |
| Cost of Funds (%) | ▲ | 1.09% | -0.18 | 1.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $938 | -1.62 | $939 |
| Gross Loans ($M) | ▲ | $663 | +11.41 | $652 |
| Loan Growth YoY (%) | ▲ | 78.34% | +1.96 | 76.38% |
| Total Deposits ($M) | ▼ | $837 | -7.11 | $844 |
| Shareholders Equity ($M) | ▲ | $98 | +5.76 | $92 |
| Tang. Book Value ($M) | ▲ | $97 | +5.81 | $91 |
| TBV excl. AOCI ($M)** | ▲ | $104 | +6.84 | $97 |
| Loan / Deposit Ratio (%) | ▲ | 78.34% | +1.96 | 76.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.24 | 0.30% |
| Allowance / Loans (%) | — | 1.18% | 0.05% | 1.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.27 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.79% | +0.48 | 14.31% |
Noninterest income ($2.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▇▇██ | Net Interest Margin (%) | 4.12% | 4.15% | 4.20% | 4.29% | 4.39% | 4.41% | 4.45% | 4.45% |
| ▄▂▁▅▇▅▃█ | Return on Assets (%) | 1.44% | 1.34% | 1.29% | 1.51% | 1.60% | 1.52% | 1.41% | 1.67% |
| ▂▃▆▁▁▅█▁ | Efficiency Ratio (%) | 59.0% | 59.2% | 61.6% | 57.9% | 58.2% | 60.6% | 63.4% | 57.7% |
| ▆█▇▄▄▄▂▁ | Cost of Funds (%) | 1.34% | 1.48% | 1.39% | 1.27% | 1.26% | 1.26% | 1.18% | 1.09% |
| ▁█▅▄▃▃▂▁ | NPA / Assets (%) | 0.05% | 0.65% | 0.39% | 0.30% | 0.26% | 0.21% | 0.19% | 0.06% |
| ▁█▅▃▃▂▂▁ | Net Charge-Off Ratio (%) | 0.07% | 0.87% | 0.48% | 0.35% | 0.31% | 0.25% | 0.23% | 0.08% |
| ▁▃▃▅▇▇▇█ | Tang. Book Value ($M) | $84 | $88 | $88 | $91 | $95 | $95 | $96 | $97 |
| █▁▂▁▃▁▃▄ | Gross Loans ($M) | $675 | $655 | $656 | $652 | $659 | $652 | $659 | $663 |
| ▅█▅▅▁▃▁▃ | Total Deposits ($M) | $843 | $857 | $842 | $844 | $828 | $837 | $827 | $837 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 6% |
| Agricultural | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 86% |
| Brokered / Other | 10% |