Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.82% | +0.81 | 2.00% |
| Return on Equity (%) | ▲ | 12.52% | +2.99 | 9.53% |
| Net Interest Margin (%) | ▲ | 3.85% | +0.23 | 3.62% |
| Efficiency Ratio (%) | ▲ | 42.89% | -7.28 | 50.17% |
| Pre-Provision Profit ($M) | ▲ | $8 | +2.32 | $5 |
| Cost of Funds (%) | ▲ | 1.58% | -0.17 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,049 | +56.58 | $992 |
| Gross Loans ($M) | ▲ | $528 | +45.77 | $483 |
| Loan Growth YoY (%) | ▲ | 72.50% | +5.21 | 67.29% |
| Total Deposits ($M) | ▲ | $721 | +11.81 | $709 |
| Shareholders Equity ($M) | ▲ | $234 | +23.11 | $211 |
| Tang. Book Value ($M) | ▲ | $233 | +23.18 | $210 |
| TBV excl. AOCI ($M)** | ▲ | $256 | +23.58 | $233 |
| Loan / Deposit Ratio (%) | ▲ | 72.50% | +5.21 | 67.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.02 | 0.25% |
| Allowance / Loans (%) | — | 1.07% | -0.05% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.33% | +0.05 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.24% | +0.19 | 24.06% |
Noninterest income ($3.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▇██ | Net Interest Margin (%) | 3.16% | 3.21% | 3.30% | 3.62% | 3.70% | 3.73% | 3.78% | 3.85% |
| ▁▁▂▃▄▄▄█ | Return on Assets (%) | 1.61% | 1.69% | 1.85% | 2.00% | 2.08% | 2.17% | 2.19% | 2.82% |
| ██▇▇▇▅▅▁ | Efficiency Ratio (%) | 52.5% | 52.0% | 51.2% | 50.2% | 50.2% | 48.4% | 48.2% | 42.9% |
| ▆█▇▃▄▄▃▁ | Cost of Funds (%) | 2.08% | 2.25% | 2.11% | 1.75% | 1.84% | 1.89% | 1.78% | 1.58% |
| ▂▃▂▅█▁▄▅ | NPA / Assets (%) | 0.15% | 0.21% | 0.17% | 0.25% | 0.38% | 0.12% | 0.23% | 0.27% |
| ▁▂▂▄█▁▄▅ | Net Charge-Off Ratio (%) | 0.02% | 0.14% | 0.11% | 0.28% | 0.55% | 0.02% | 0.24% | 0.33% |
| ▁▃▂▃▃▆██ | Tang. Book Value ($M) | $199 | $211 | $204 | $210 | $211 | $224 | $231 | $233 |
| ▁▁▁▂▁▅▇█ | Gross Loans ($M) | $474 | $468 | $471 | $483 | $472 | $502 | $517 | $528 |
| ██▅▂▁▄▁▃ | Total Deposits ($M) | $763 | $772 | $743 | $709 | $700 | $730 | $699 | $721 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 3% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 24% |