Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.98% | +0.09 | 0.89% |
| Return on Equity (%) | ▼ | 14.61% | -1.58 | 16.19% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.26 | 3.49% |
| Efficiency Ratio (%) | ▲ | 69.14% | -3.02 | 72.16% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.81 | $3 |
| Cost of Funds (%) | ▲ | 1.33% | -0.15 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,220 | +63.04 | $1,157 |
| Gross Loans ($M) | ▲ | $631 | +44.05 | $587 |
| Loan Growth YoY (%) | ▲ | 59.16% | +1.89 | 57.27% |
| Total Deposits ($M) | ▲ | $1,055 | +40.78 | $1,015 |
| Shareholders Equity ($M) | ▲ | $82 | +15.35 | $66 |
| Tang. Book Value ($M) | ▲ | $82 | +15.35 | $66 |
| TBV excl. AOCI ($M)** | ▲ | $106 | +16.94 | $89 |
| Loan / Deposit Ratio (%) | ▲ | 59.16% | +1.89 | 57.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.01 | 0.11% |
| Allowance / Loans (%) | — | 1.09% | 0.05% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.21% | -0.01 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.14% | +0.06 | 15.08% |
Noninterest income ($2.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇▇▇█ | Net Interest Margin (%) | 3.06% | 3.12% | 3.18% | 3.49% | 3.58% | 3.64% | 3.67% | 3.76% |
| ▁▂▃▇████ | Return on Assets (%) | 0.44% | 0.57% | 0.62% | 0.89% | 0.92% | 0.92% | 0.97% | 0.98% |
| ███▇▆▆▃▁ | Efficiency Ratio (%) | 72.7% | 72.8% | 73.1% | 72.2% | 71.7% | 71.8% | 70.6% | 69.1% |
| ██▅▄▄▃▁▁ | Cost of Funds (%) | 1.62% | 1.66% | 1.50% | 1.48% | 1.47% | 1.43% | 1.33% | 1.33% |
| ▄██▃▁▄▂▃ | NPA / Assets (%) | 0.12% | 0.16% | 0.16% | 0.11% | 0.09% | 0.12% | 0.10% | 0.11% |
| ▅██▃▁▄▂▃ | Net Charge-Off Ratio (%) | 0.24% | 0.31% | 0.32% | 0.22% | 0.16% | 0.22% | 0.19% | 0.21% |
| ▁▄▂▃▅▇██ | Tang. Book Value ($M) | $57 | $68 | $61 | $66 | $71 | $78 | $83 | $82 |
| ▁▂▃▄▆▇██ | Gross Loans ($M) | $551 | $565 | $581 | $587 | $602 | $615 | $632 | $631 |
| ▁▁▅▄▃▃█▇ | Total Deposits ($M) | $979 | $969 | $1,028 | $1,015 | $999 | $1,005 | $1,074 | $1,055 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 9% |
| Agricultural | 2% |
| Consumer | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 85% |
| Brokered / Other | 6% |