Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.33 | 0.62% |
| Return on Equity (%) | ▲ | 11.00% | +3.61 | 7.39% |
| Net Interest Margin (%) | ▲ | 3.54% | +0.53 | 3.01% |
| Efficiency Ratio (%) | ▲ | 60.62% | -9.37 | 70.00% |
| Pre-Provision Profit ($M) | ▲ | $6 | +2.37 | $3 |
| Cost of Funds (%) | ▲ | 1.66% | -0.09 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,550 | +167.47 | $1,383 |
| Gross Loans ($M) | ▲ | $1,035 | +149.60 | $886 |
| Loan Growth YoY (%) | ▲ | 76.64% | +1.68 | 74.95% |
| Total Deposits ($M) | ▲ | $1,331 | +165.44 | $1,165 |
| Shareholders Equity ($M) | ▲ | $136 | +18.95 | $118 |
| Tang. Book Value ($M) | ▲ | $104 | +12.26 | $91 |
| TBV excl. AOCI ($M)** | ▲ | $122 | +11.62 | $110 |
| Loan / Deposit Ratio (%) | ▲ | 76.64% | +1.68 | 74.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.26% | +1.11 | 0.15% |
| Allowance / Loans (%) | — | 1.49% | 0.11% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 1.26% | +1.03 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.25% | -0.82 | 11.06% |
Noninterest income ($2.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▆█ | Net Interest Margin (%) | 2.71% | 2.75% | 2.80% | 3.01% | 3.12% | 3.21% | 3.29% | 3.54% |
| ▁▁▁▁▃▁▃█ | Return on Assets (%) | 0.61% | 0.60% | 0.64% | 0.62% | 0.72% | 0.63% | 0.73% | 0.95% |
| ████▆▆▅▁ | Efficiency Ratio (%) | 70.0% | 70.1% | 70.0% | 70.0% | 66.8% | 67.4% | 65.8% | 60.6% |
| ▁█▇▃▃▄▃▁ | Cost of Funds (%) | 1.60% | 2.05% | 1.97% | 1.75% | 1.72% | 1.80% | 1.75% | 1.66% |
| ▁▁▁▁▁▃██ | NPA / Assets (%) | 0.15% | 0.12% | 0.14% | 0.15% | 0.25% | 0.42% | 1.30% | 1.26% |
| ▁▁▁▁▁▃█▅ | Net Charge-Off Ratio (%) | 0.24% | 0.18% | 0.23% | 0.23% | 0.39% | 0.62% | 1.93% | 1.26% |
| ▁▄▂▃▄▅▇█ | Tang. Book Value ($M) | $85 | $94 | $87 | $91 | $92 | $95 | $101 | $104 |
| ▁▁▁▂▃▇██ | Gross Loans ($M) | $843 | $848 | $854 | $886 | $915 | $1,021 | $1,059 | $1,035 |
| ▅▁▁▁▁▇██ | Total Deposits ($M) | $1,264 | $1,176 | $1,156 | $1,165 | $1,173 | $1,293 | $1,321 | $1,331 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 13% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 11% |