Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.33% | +0.36 | 1.96% |
| Return on Equity (%) | ▲ | 23.10% | +2.53 | 20.57% |
| Net Interest Margin (%) | ▲ | 3.90% | +0.22 | 3.67% |
| Efficiency Ratio (%) | ▲ | 42.49% | -5.53 | 48.03% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.86 | $6 |
| Cost of Funds (%) | ▲ | 1.69% | -0.07 | 1.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,250 | +122.79 | $1,127 |
| Gross Loans ($M) | ▲ | $828 | +65.85 | $762 |
| Loan Growth YoY (%) | ▼ | 76.73% | -1.16 | 77.89% |
| Total Deposits ($M) | ▲ | $1,056 | +99.35 | $957 |
| Shareholders Equity ($M) | ▲ | $128 | +15.45 | $112 |
| Tang. Book Value ($M) | ▲ | $120 | +16.56 | $104 |
| TBV excl. AOCI ($M)** | ▲ | $136 | +19.03 | $117 |
| Loan / Deposit Ratio (%) | ▼ | 76.73% | -1.16 | 77.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.20% | +0.06 | 0.14% |
| Allowance / Loans (%) | — | 2.14% | -0.09% | 2.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.30% | +0.10 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.34% | +0.61 | 14.72% |
Noninterest income ($2.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆████ | Net Interest Margin (%) | 3.13% | 3.15% | 3.20% | 3.67% | 3.84% | 3.87% | 3.87% | 3.90% |
| ▁▃▂▂▆▇▇█ | Return on Assets (%) | 1.90% | 2.02% | 2.00% | 1.96% | 2.22% | 2.27% | 2.27% | 2.33% |
| ▄▁▂█▃▁▁▁ | Efficiency Ratio (%) | 44.5% | 42.4% | 43.4% | 48.0% | 44.1% | 42.3% | 42.5% | 42.5% |
| ██▁▃▃▃▁▁ | Cost of Funds (%) | 1.91% | 1.94% | 1.67% | 1.76% | 1.77% | 1.74% | 1.69% | 1.69% |
| ▇█▅▃▅▇▁▇ | NPA / Assets (%) | 0.19% | 0.22% | 0.16% | 0.14% | 0.17% | 0.19% | 0.10% | 0.20% |
| ██▃▃▆█▁█ | Net Charge-Off Ratio (%) | 0.29% | 0.30% | 0.20% | 0.20% | 0.25% | 0.29% | 0.16% | 0.30% |
| ▁▂▁▃▄▇▇█ | Tang. Book Value ($M) | $97 | $102 | $99 | $104 | $108 | $117 | $117 | $120 |
| ▁▁▅▆▆▇██ | Gross Loans ($M) | $656 | $648 | $751 | $762 | $780 | $794 | $822 | $828 |
| ▁▁▇▅▅▆██ | Total Deposits ($M) | $823 | $816 | $1,015 | $957 | $944 | $987 | $1,068 | $1,056 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 5% |