Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.40% | +0.44 | 0.97% |
| Return on Equity (%) | ▲ | 13.76% | +3.64 | 10.12% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.28 | 3.83% |
| Efficiency Ratio (%) | ▲ | 61.86% | -8.96 | 70.83% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.45 | $3 |
| Cost of Funds (%) | ▲ | 1.53% | -0.08 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $940 | +58.86 | $881 |
| Gross Loans ($M) | ▲ | $723 | +52.57 | $671 |
| Loan Growth YoY (%) | ▲ | 86.29% | +1.08 | 85.20% |
| Total Deposits ($M) | ▲ | $829 | +50.85 | $778 |
| Shareholders Equity ($M) | ▲ | $94 | +10.62 | $84 |
| Tang. Book Value ($M) | ▲ | $94 | +10.62 | $84 |
| TBV excl. AOCI ($M)** | ▲ | $99 | +10.54 | $89 |
| Loan / Deposit Ratio (%) | ▲ | 86.29% | +1.08 | 85.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.35% | -0.16 | 0.52% |
| Allowance / Loans (%) | — | 1.12% | -0.05% | 1.17% |
| Net Charge-Off Ratio (%) | ▲ | 0.43% | -0.24 | 0.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.13% | +0.52 | 14.61% |
Noninterest income ($2.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▇▇█ | Net Interest Margin (%) | 3.68% | 3.68% | 3.72% | 3.83% | 3.94% | 4.01% | 4.04% | 4.10% |
| ▁▁▃▁▃▄▅█ | Return on Assets (%) | 0.96% | 1.00% | 1.09% | 0.97% | 1.10% | 1.17% | 1.22% | 1.40% |
| ████▆▅▄▁ | Efficiency Ratio (%) | 71.0% | 70.2% | 70.0% | 70.8% | 68.3% | 67.1% | 66.0% | 61.9% |
| ▆█▆▂▂▄▄▁ | Cost of Funds (%) | 1.74% | 1.84% | 1.75% | 1.61% | 1.58% | 1.65% | 1.66% | 1.53% |
| █▇▂▅▂▁▂▁ | NPA / Assets (%) | 0.65% | 0.58% | 0.39% | 0.52% | 0.40% | 0.35% | 0.42% | 0.35% |
| █▄▂▅▂▁▂▁ | Net Charge-Off Ratio (%) | 0.85% | 0.63% | 0.50% | 0.67% | 0.50% | 0.44% | 0.53% | 0.43% |
| ▁▄▁▂▃▆██ | Tang. Book Value ($M) | $81 | $87 | $82 | $84 | $86 | $91 | $94 | $94 |
| ▁▁▂▃▆▇▇█ | Gross Loans ($M) | $640 | $646 | $658 | $671 | $696 | $707 | $710 | $723 |
| ▁▂▁▄▄▆▆█ | Total Deposits ($M) | $744 | $764 | $754 | $778 | $783 | $801 | $799 | $829 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 7% |
| Agricultural | 1% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 7% |