Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.61% | +0.44 | 1.17% |
| Return on Equity (%) | ▲ | 14.00% | +4.20 | 9.80% |
| Net Interest Margin (%) | ▲ | 4.56% | +0.36 | 4.20% |
| Efficiency Ratio (%) | ▲ | 56.90% | -9.05 | 65.95% |
| Pre-Provision Profit ($M) | ▲ | $8 | +3.61 | $5 |
| Cost of Funds (%) | ▲ | 1.39% | -0.25 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,676 | +393.47 | $1,283 |
| Gross Loans ($M) | ▲ | $1,175 | +289.19 | $886 |
| Loan Growth YoY (%) | ▼ | 81.55% | -0.00 | 81.56% |
| Total Deposits ($M) | ▲ | $1,422 | +349.90 | $1,072 |
| Shareholders Equity ($M) | ▲ | $189 | +35.61 | $153 |
| Tang. Book Value ($M) | ▲ | $155 | +12.56 | $142 |
| TBV excl. AOCI ($M)** | ▲ | $162 | +11.81 | $150 |
| Loan / Deposit Ratio (%) | ▼ | 81.55% | -0.00 | 81.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.52% | -0.16 | 0.68% |
| Allowance / Loans (%) | — | 1.33% | 0.00% | 1.32% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -0.81 | 0.98% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.89% | -2.93 | 15.82% |
Noninterest income ($3.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂█▇▄▄ | Net Interest Margin (%) | 4.07% | 4.10% | 4.14% | 4.20% | 5.11% | 4.92% | 4.54% | 4.56% |
| ▂▃▃▁▁▁▂█ | Return on Assets (%) | 1.26% | 1.28% | 1.32% | 1.17% | 1.15% | 1.18% | 1.25% | 1.61% |
| ▃▃▂▅█▇▄▁ | Efficiency Ratio (%) | 60.6% | 60.6% | 60.5% | 66.0% | 71.5% | 69.2% | 63.8% | 56.9% |
| ▆▆▅▅█▅▁▃ | Cost of Funds (%) | 1.77% | 1.79% | 1.73% | 1.64% | 2.19% | 1.70% | 1.04% | 1.39% |
| ▁▁██▆▆▆▇ | NPA / Assets (%) | 0.03% | 0.07% | 0.67% | 0.68% | 0.47% | 0.45% | 0.44% | 0.52% |
| ▁▁██▁▁▁▂ | Net Charge-Off Ratio (%) | 0.05% | 0.11% | 0.99% | 0.98% | 0.04% | 0.04% | 0.03% | 0.17% |
| ▁▄▄▄▅▇██ | Tang. Book Value ($M) | $131 | $140 | $142 | $142 | $145 | $150 | $155 | $155 |
| ▁▁▁▁████ | Gross Loans ($M) | $872 | $894 | $883 | $886 | $1,168 | $1,154 | $1,188 | $1,175 |
| ▁▁▁▁▇█▇█ | Total Deposits ($M) | $1,078 | $1,092 | $1,079 | $1,072 | $1,337 | $1,383 | $1,370 | $1,422 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 13% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 8% |