Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.84% | -0.02 | 1.86% |
| Return on Equity (%) | ▼ | 18.30% | -3.01 | 21.31% |
| Net Interest Margin (%) | ▲ | 4.53% | +0.07 | 4.46% |
| Efficiency Ratio (%) | ▼ | 63.39% | +2.14 | 61.25% |
| Pre-Provision Profit ($M) | ▼ | $7 | -0.07 | $7 |
| Cost of Funds (%) | ▲ | 1.23% | -0.12 | 1.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,432 | +13.50 | $1,418 |
| Gross Loans ($M) | ▲ | $924 | +45.64 | $878 |
| Loan Growth YoY (%) | ▲ | 71.00% | +3.90 | 67.10% |
| Total Deposits ($M) | ▼ | $1,280 | -5.99 | $1,286 |
| Shareholders Equity ($M) | ▲ | $143 | +20.61 | $123 |
| Tang. Book Value ($M) | ▲ | $138 | +20.80 | $117 |
| TBV excl. AOCI ($M)** | ▲ | $148 | +21.30 | $127 |
| Loan / Deposit Ratio (%) | ▲ | 71.00% | +3.90 | 67.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.33% | +0.19 | 0.14% |
| Allowance / Loans (%) | — | 1.63% | -0.11% | 1.74% |
| Net Charge-Off Ratio (%) | ▼ | 0.46% | +0.23 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.58% | +0.87 | 14.71% |
Noninterest income ($3.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▄▅▆▃ | Net Interest Margin (%) | 4.67% | 4.67% | 4.67% | 4.46% | 4.57% | 4.59% | 4.62% | 4.53% |
| ▁▃▂▂▆▇█▁ | Return on Assets (%) | 1.82% | 1.87% | 1.86% | 1.86% | 1.94% | 1.96% | 1.98% | 1.84% |
| ▄▂▃▄▁▁▁█ | Efficiency Ratio (%) | 61.2% | 60.7% | 61.2% | 61.2% | 60.2% | 60.0% | 59.8% | 63.4% |
| ▆██▅▄▆▄▁ | Cost of Funds (%) | 1.35% | 1.42% | 1.40% | 1.34% | 1.31% | 1.36% | 1.32% | 1.23% |
| ▂▁▁▂▂▁▂█ | NPA / Assets (%) | 0.14% | 0.10% | 0.13% | 0.14% | 0.14% | 0.12% | 0.15% | 0.33% |
| ▂▁▂▃▁▁▂█ | Net Charge-Off Ratio (%) | 0.22% | 0.15% | 0.20% | 0.23% | 0.16% | 0.15% | 0.19% | 0.46% |
| ▁▃▃▄▄▆██ | Tang. Book Value ($M) | $103 | $114 | $113 | $117 | $119 | $129 | $136 | $138 |
| ▁▁▃▃▃▅▆█ | Gross Loans ($M) | $857 | $862 | $875 | $878 | $881 | $892 | $904 | $924 |
| ▁▁▁███▅█ | Total Deposits ($M) | $1,210 | $1,214 | $1,219 | $1,286 | $1,288 | $1,278 | $1,253 | $1,280 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 21% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 6% |