Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.03 | 1.11% |
| Return on Equity (%) | ▼ | 8.98% | -0.60 | 9.58% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.39 | 3.43% |
| Efficiency Ratio (%) | ▼ | 62.63% | +1.65 | 60.98% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.30 | $5 |
| Cost of Funds (%) | ▲ | 1.76% | -0.28 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,480 | -15.60 | $1,495 |
| Gross Loans ($M) | ▲ | $1,110 | +7.53 | $1,103 |
| Loan Growth YoY (%) | ▲ | 86.34% | +1.87 | 84.46% |
| Total Deposits ($M) | ▼ | $1,270 | -20.50 | $1,291 |
| Shareholders Equity ($M) | ▲ | $189 | +15.66 | $174 |
| Tang. Book Value ($M) | ▲ | $182 | +15.79 | $166 |
| TBV excl. AOCI ($M)** | ▲ | $189 | +15.41 | $174 |
| Loan / Deposit Ratio (%) | ▲ | 86.34% | +1.87 | 84.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.42% | +0.12 | 0.29% |
| Allowance / Loans (%) | — | 1.25% | 0.09% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 0.41% | +0.02 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.47% | +0.92 | 13.55% |
Noninterest income ($2.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 3.10% | 3.18% | 3.27% | 3.43% | 3.55% | 3.70% | 3.77% | 3.82% |
| ▁▂▃▅▇██▆ | Return on Assets (%) | 0.90% | 0.99% | 1.01% | 1.11% | 1.21% | 1.28% | 1.23% | 1.15% |
| ▇▆▆▆▃▁▁█ | Efficiency Ratio (%) | 61.6% | 60.9% | 61.2% | 61.0% | 58.7% | 57.3% | 56.9% | 62.6% |
| ▇█▇▅▃▃▃▁ | Cost of Funds (%) | 2.19% | 2.30% | 2.20% | 2.03% | 1.95% | 1.95% | 1.90% | 1.76% |
| ▁▁▇▆▄▇▇█ | NPA / Assets (%) | 0.02% | 0.01% | 0.32% | 0.29% | 0.19% | 0.37% | 0.36% | 0.42% |
| ▁▁██▅█▇█ | Net Charge-Off Ratio (%) | 0.02% | 0.01% | 0.41% | 0.40% | 0.25% | 0.42% | 0.33% | 0.41% |
| ▁▂▂▄▆▇██ | Tang. Book Value ($M) | $153 | $159 | $160 | $166 | $171 | $176 | $181 | $182 |
| ▁▇▆▁██▇▁ | Gross Loans ($M) | $1,105 | $1,157 | $1,148 | $1,103 | $1,173 | $1,174 | $1,158 | $1,110 |
| ▁▂▅▆█▆▅▅ | Total Deposits ($M) | $1,197 | $1,218 | $1,263 | $1,291 | $1,324 | $1,284 | $1,276 | $1,270 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 20% |
| Agricultural | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 15% |