Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.01% | +0.34 | 0.67% |
| Return on Equity (%) | ▲ | 11.91% | +3.28 | 8.63% |
| Net Interest Margin (%) | ▲ | 3.34% | +0.43 | 2.91% |
| Efficiency Ratio (%) | ▲ | 60.05% | -7.54 | 67.60% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.83 | $2 |
| Cost of Funds (%) | ▲ | 1.52% | -0.19 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $703 | +29.05 | $674 |
| Gross Loans ($M) | ▲ | $438 | +28.86 | $409 |
| Loan Growth YoY (%) | ▲ | 80.36% | +7.12 | 73.24% |
| Total Deposits ($M) | ▼ | $539 | -13.64 | $552 |
| Shareholders Equity ($M) | ▲ | $60 | +9.53 | $51 |
| Tang. Book Value ($M) | ▲ | $46 | +9.59 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +9.69 | $47 |
| Loan / Deposit Ratio (%) | ▲ | 80.36% | +7.12 | 73.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.17% | +0.02 | 0.15% |
| Allowance / Loans (%) | — | 1.19% | 0.04% | 1.15% |
| Net Charge-Off Ratio (%) | ▼ | 0.28% | +0.05 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.16% | +0.88 | 13.28% |
Noninterest income ($1.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▅█ | Net Interest Margin (%) | 2.76% | 2.75% | 2.78% | 2.91% | 2.96% | 3.04% | 3.10% | 3.34% |
| ▁▁▁▂▃▄▄█ | Return on Assets (%) | 0.65% | 0.62% | 0.61% | 0.67% | 0.74% | 0.81% | 0.79% | 1.01% |
| ▇██▇▅▃▄▁ | Efficiency Ratio (%) | 67.7% | 68.4% | 69.2% | 67.6% | 65.2% | 63.1% | 64.6% | 60.1% |
| ███▆▆▇▄▁ | Cost of Funds (%) | 1.78% | 1.80% | 1.78% | 1.72% | 1.72% | 1.75% | 1.66% | 1.52% |
| ▁█▅▆▁▅▂█ | NPA / Assets (%) | 0.12% | 0.17% | 0.15% | 0.15% | 0.11% | 0.15% | 0.13% | 0.17% |
| ▁█▅▃▁▅▂▇ | Net Charge-Off Ratio (%) | 0.20% | 0.30% | 0.25% | 0.23% | 0.19% | 0.25% | 0.21% | 0.28% |
| ▃▇▃▁▁▆▇█ | Tang. Book Value ($M) | $39 | $44 | $40 | $36 | $37 | $43 | $45 | $46 |
| ▂▁▃▄▅▅▇█ | Gross Loans ($M) | $398 | $389 | $404 | $409 | $415 | $419 | $427 | $438 |
| ▁▁▃██▇▂▃ | Total Deposits ($M) | $532 | $534 | $539 | $552 | $551 | $549 | $535 | $539 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 12% |
| Agricultural | 14% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 16% |