Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.81% | +0.09 | 1.72% |
| Return on Equity (%) | ▲ | 21.46% | +0.21 | 21.25% |
| Net Interest Margin (%) | ▲ | 3.90% | +0.20 | 3.70% |
| Efficiency Ratio (%) | ▲ | 55.01% | -2.20 | 57.21% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.41 | $3 |
| Cost of Funds (%) | ▲ | 1.57% | -0.07 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $647 | +31.79 | $616 |
| Gross Loans ($M) | ▲ | $490 | +27.75 | $462 |
| Loan Growth YoY (%) | ▲ | 82.91% | +0.91 | 82.01% |
| Total Deposits ($M) | ▲ | $583 | +26.95 | $557 |
| Shareholders Equity ($M) | ▲ | $55 | +4.57 | $51 |
| Tang. Book Value ($M) | ▲ | $52 | +4.75 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +4.68 | $51 |
| Loan / Deposit Ratio (%) | ▲ | 82.91% | +0.91 | 82.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.05 | 0.13% |
| Allowance / Loans (%) | — | 1.29% | 0.00% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.16 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.35% | +0.29 | 11.06% |
Noninterest income ($1.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▆████ | Net Interest Margin (%) | 3.33% | 3.41% | 3.45% | 3.70% | 3.86% | 3.88% | 3.90% | 3.90% |
| ▁▁▁▇████ | Return on Assets (%) | 1.38% | 1.43% | 1.42% | 1.72% | 1.82% | 1.82% | 1.79% | 1.81% |
| ███▃▂▂▂▁ | Efficiency Ratio (%) | 62.0% | 62.0% | 62.3% | 57.2% | 56.2% | 56.1% | 56.4% | 55.0% |
| ▇██▂▄▅▄▁ | Cost of Funds (%) | 1.84% | 1.90% | 1.87% | 1.64% | 1.70% | 1.76% | 1.70% | 1.57% |
| ▃▁▇█▆▇█▄ | NPA / Assets (%) | 0.05% | 0.02% | 0.12% | 0.13% | 0.10% | 0.12% | 0.14% | 0.08% |
| ▃▁██▆▃▅▁ | Net Charge-Off Ratio (%) | 0.07% | 0.02% | 0.16% | 0.17% | 0.13% | 0.07% | 0.10% | 0.02% |
| ▁▂▂▅▅▆▇█ | Tang. Book Value ($M) | $42 | $45 | $44 | $47 | $48 | $49 | $50 | $52 |
| ▁▂▃▄▆█▇█ | Gross Loans ($M) | $435 | $443 | $449 | $462 | $472 | $486 | $483 | $490 |
| ▂▁▄▅▄█▇█ | Total Deposits ($M) | $525 | $516 | $544 | $557 | $547 | $575 | $574 | $583 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 11% |
| Agricultural | 4% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 14% |