Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.42% | +0.67 | 0.75% |
| Return on Equity (%) | ▲ | 16.27% | +6.86 | 9.41% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.26 | 3.77% |
| Efficiency Ratio (%) | ▲ | 62.97% | -9.02 | 71.99% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.38 | $3 |
| Cost of Funds (%) | ▲ | 1.56% | -0.03 | 1.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $933 | +5.96 | $927 |
| Gross Loans ($M) | ▲ | $565 | +30.27 | $535 |
| Loan Growth YoY (%) | ▲ | 65.77% | +3.56 | 62.21% |
| Total Deposits ($M) | ▼ | $847 | -0.65 | $848 |
| Shareholders Equity ($M) | ▲ | $81 | +6.85 | $74 |
| Tang. Book Value ($M) | ▲ | $77 | +6.85 | $70 |
| TBV excl. AOCI ($M)** | ▲ | $91 | +7.07 | $84 |
| Loan / Deposit Ratio (%) | ▲ | 65.77% | +3.56 | 62.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.33% | +0.03 | 0.30% |
| Allowance / Loans (%) | — | 1.37% | 0.02% | 1.35% |
| Net Charge-Off Ratio (%) | ▲ | 0.47% | -0.04 | 0.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.02% | +0.20 | 13.81% |
Noninterest income ($2.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▅▆█ | Net Interest Margin (%) | 3.60% | 3.60% | 3.68% | 3.77% | 3.88% | 3.87% | 3.89% | 4.03% |
| ▂▂▃▁▃▃▄█ | Return on Assets (%) | 0.88% | 0.91% | 0.94% | 0.75% | 0.95% | 0.98% | 1.04% | 1.42% |
| ▆▅▅█▆▅▅▁ | Efficiency Ratio (%) | 68.7% | 68.2% | 67.9% | 72.0% | 68.8% | 68.1% | 67.9% | 63.0% |
| ▅█▃▁▂▃▃▁ | Cost of Funds (%) | 1.76% | 1.91% | 1.67% | 1.59% | 1.62% | 1.68% | 1.68% | 1.56% |
| ▂▃▁▁██▆▂ | NPA / Assets (%) | 0.35% | 0.37% | 0.30% | 0.30% | 0.52% | 0.54% | 0.45% | 0.33% |
| ▃▃▁▁▇█▄▁ | Net Charge-Off Ratio (%) | 0.59% | 0.63% | 0.49% | 0.51% | 0.84% | 0.90% | 0.66% | 0.47% |
| ▁▄▁▄▆███ | Tang. Book Value ($M) | $64 | $71 | $66 | $70 | $74 | $78 | $76 | $77 |
| ▁▁▁▄▇█▆█ | Gross Loans ($M) | $511 | $516 | $516 | $535 | $552 | $562 | $550 | $565 |
| ▁▃▃█▅▄▁█ | Total Deposits ($M) | $779 | $803 | $799 | $848 | $814 | $808 | $785 | $847 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 6% |