Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.48% | +0.40 | 1.08% |
| Return on Equity (%) | ▲ | 16.67% | +3.61 | 13.06% |
| Net Interest Margin (%) | ▲ | 3.23% | +0.08 | 3.15% |
| Efficiency Ratio (%) | ▲ | 51.50% | -8.87 | 60.37% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.10 | $2 |
| Cost of Funds (%) | ▲ | 1.74% | -0.44 | 2.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $740 | +102.29 | $638 |
| Gross Loans ($M) | ▲ | $319 | +46.92 | $272 |
| Loan Growth YoY (%) | ▲ | 50.70% | +0.90 | 49.81% |
| Total Deposits ($M) | ▲ | $617 | +80.13 | $537 |
| Shareholders Equity ($M) | ▲ | $64 | +11.20 | $53 |
| Tang. Book Value ($M) | ▲ | $53 | +8.97 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +10.57 | $57 |
| Loan / Deposit Ratio (%) | ▲ | 50.70% | +0.90 | 49.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.85% | +0.41 | 0.44% |
| Allowance / Loans (%) | — | 1.83% | 0.23% | 1.61% |
| Net Charge-Off Ratio (%) | ▼ | 1.33% | +0.29 | 1.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.54% | -0.06 | 12.60% |
Noninterest income ($1.43M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄█▁▅▇█▅ | Net Interest Margin (%) | 3.16% | 3.20% | 3.26% | 3.15% | 3.21% | 3.25% | 3.27% | 3.23% |
| ▃▄▅▁▃▅▅█ | Return on Assets (%) | 1.20% | 1.25% | 1.30% | 1.08% | 1.22% | 1.31% | 1.29% | 1.48% |
| ▄▄▃█▇▆▄▁ | Efficiency Ratio (%) | 55.9% | 55.8% | 54.5% | 60.4% | 58.8% | 57.2% | 55.7% | 51.5% |
| ▇█▆▆▆▅▄▁ | Cost of Funds (%) | 2.32% | 2.42% | 2.25% | 2.18% | 2.18% | 2.15% | 2.03% | 1.74% |
| █▇▁▁▁▁██ | NPA / Assets (%) | 0.84% | 0.76% | 0.40% | 0.44% | 0.44% | 0.44% | 0.83% | 0.85% |
| █▇▁▂▁▁█▄ | Net Charge-Off Ratio (%) | 1.82% | 1.76% | 0.88% | 1.04% | 0.99% | 1.00% | 1.93% | 1.33% |
| ▁▄▃▄▄▆▇█ | Tang. Book Value ($M) | $38 | $44 | $42 | $44 | $44 | $48 | $50 | $53 |
| ▁▁▂▂▃▄▃█ | Gross Loans ($M) | $259 | $264 | $273 | $272 | $279 | $283 | $281 | $319 |
| ▁▂▂▄▃▄▄█ | Total Deposits ($M) | $486 | $516 | $515 | $537 | $530 | $540 | $538 | $617 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 10% |
| Agricultural | 5% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 8% |