Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.92% | +0.08 | 0.85% |
| Return on Equity (%) | ▼ | 9.93% | -0.01 | 9.94% |
| Net Interest Margin (%) | ▲ | 4.43% | +0.39 | 4.05% |
| Efficiency Ratio (%) | ▲ | 71.25% | -0.03 | 71.28% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.50 | $4 |
| Cost of Funds (%) | ▲ | 1.38% | -0.13 | 1.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,206 | +102.10 | $1,104 |
| Gross Loans ($M) | ▲ | $893 | +77.79 | $815 |
| Loan Growth YoY (%) | ▲ | 88.26% | +3.14 | 85.12% |
| Total Deposits ($M) | ▲ | $1,002 | +53.69 | $948 |
| Shareholders Equity ($M) | ▲ | $116 | +19.14 | $97 |
| Tang. Book Value ($M) | ▲ | $97 | +19.48 | $78 |
| TBV excl. AOCI ($M)** | ▲ | $108 | +20.66 | $87 |
| Loan / Deposit Ratio (%) | ▲ | 88.26% | +3.14 | 85.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.24% | -0.02 | 0.26% |
| Allowance / Loans (%) | — | 0.96% | -0.01% | 0.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.33% | -0.00 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.24% | +1.02 | 11.22% |
Noninterest income ($2.98M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▆▇▇█ | Net Interest Margin (%) | 3.53% | 3.64% | 3.74% | 4.05% | 4.14% | 4.21% | 4.27% | 4.43% |
| █▇▁▁▂▄▃▃ | Return on Assets (%) | 1.11% | 1.07% | 0.86% | 0.85% | 0.89% | 0.95% | 0.94% | 0.92% |
| ▃▁█▆▇▇█▆ | Efficiency Ratio (%) | 69.7% | 68.0% | 73.1% | 71.3% | 71.8% | 71.9% | 72.8% | 71.3% |
| ▇█▄▃▃▃▁▁ | Cost of Funds (%) | 1.69% | 1.75% | 1.56% | 1.50% | 1.49% | 1.49% | 1.40% | 1.38% |
| ▁▃█▇███▆ | NPA / Assets (%) | 0.15% | 0.19% | 0.30% | 0.26% | 0.29% | 0.29% | 0.29% | 0.24% |
| ▁▃█▅███▅ | Net Charge-Off Ratio (%) | 0.20% | 0.26% | 0.41% | 0.33% | 0.39% | 0.39% | 0.39% | 0.33% |
| ▁▃▂▃▄▅▅█ | Tang. Book Value ($M) | $69 | $77 | $73 | $78 | $81 | $85 | $86 | $97 |
| ▁▁▂▃▄▅▇█ | Gross Loans ($M) | $786 | $797 | $810 | $815 | $831 | $841 | $870 | $893 |
| ▁▄▅▄▄▅██ | Total Deposits ($M) | $903 | $941 | $958 | $948 | $947 | $962 | $1,000 | $1,002 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 15% |
| Agricultural | 6% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 6% |