Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.73% | +0.54 | 2.19% |
| Return on Equity (%) | ▲ | 37.10% | +3.70 | 33.40% |
| Net Interest Margin (%) | ▲ | 4.67% | +0.49 | 4.18% |
| Efficiency Ratio (%) | ▲ | 56.43% | -5.15 | 61.57% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.98 | $3 |
| Cost of Funds (%) | ▲ | 1.08% | -0.15 | 1.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $614 | +36.91 | $577 |
| Gross Loans ($M) | ▲ | $412 | +49.56 | $362 |
| Loan Growth YoY (%) | ▲ | 72.27% | +4.46 | 67.81% |
| Total Deposits ($M) | ▲ | $562 | +34.61 | $527 |
| Shareholders Equity ($M) | ▲ | $45 | +6.28 | $39 |
| Tang. Book Value ($M) | ▲ | $43 | +6.57 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $51 | +6.40 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 72.27% | +4.46 | 67.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.34 | 0.09% |
| Allowance / Loans (%) | — | 1.46% | 0.09% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 0.59% | +0.53 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.22% | -0.87 | 13.09% |
Noninterest income ($2.91M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 3.79% | 3.85% | 3.91% | 4.18% | 4.26% | 4.31% | 4.41% | 4.67% |
| █▄▃▁▁▁▂▃ | Return on Assets (%) | 3.88% | 2.89% | 2.76% | 2.19% | 2.21% | 2.16% | 2.43% | 2.73% |
| ▅▁▂███▆▄ | Efficiency Ratio (%) | 57.3% | 52.2% | 53.4% | 61.6% | 60.4% | 60.9% | 58.5% | 56.4% |
| ▅█▇▆▅▆▄▁ | Cost of Funds (%) | 1.21% | 1.29% | 1.25% | 1.23% | 1.20% | 1.22% | 1.17% | 1.08% |
| ▃▆▃▁▁▁▇█ | NPA / Assets (%) | 0.18% | 0.29% | 0.16% | 0.09% | 0.06% | 0.06% | 0.36% | 0.43% |
| ▃▅▃▁▁▁▇█ | Net Charge-Off Ratio (%) | 0.19% | 0.32% | 0.17% | 0.06% | 0.02% | 0.04% | 0.49% | 0.59% |
| ▂▃▁▃▄▆▇█ | Tang. Book Value ($M) | $36 | $37 | $34 | $37 | $37 | $40 | $42 | $43 |
| ▁▁▂▃▄▅▇█ | Gross Loans ($M) | $344 | $341 | $354 | $362 | $374 | $383 | $398 | $412 |
| ▁▁▄▄▄▄▆█ | Total Deposits ($M) | $501 | $496 | $522 | $527 | $522 | $527 | $540 | $562 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 6% |
| Agricultural | 10% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 6% |