Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.04% | +0.38 | 1.66% |
| Return on Equity (%) | ▲ | 15.88% | +0.90 | 14.98% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.33 | 3.43% |
| Efficiency Ratio (%) | ▲ | 51.05% | -2.92 | 53.97% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.91 | $5 |
| Cost of Funds (%) | ▲ | 1.46% | -0.20 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,068 | +33.84 | $1,034 |
| Gross Loans ($M) | ▲ | $531 | +15.88 | $515 |
| Loan Growth YoY (%) | ▲ | 58.51% | +1.34 | 57.17% |
| Total Deposits ($M) | ▲ | $896 | +7.39 | $888 |
| Shareholders Equity ($M) | ▲ | $136 | +21.98 | $114 |
| Tang. Book Value ($M) | ▲ | $128 | +21.98 | $107 |
| TBV excl. AOCI ($M)** | ▲ | $151 | +22.50 | $129 |
| Loan / Deposit Ratio (%) | ▲ | 58.51% | +1.34 | 57.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.59% | +0.07 | 1.53% |
| Allowance / Loans (%) | — | 1.31% | -0.11% | 1.42% |
| Net Charge-Off Ratio (%) | ▼ | 2.70% | +0.16 | 2.54% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.01M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▇█ | Net Interest Margin (%) | 3.26% | 3.27% | 3.32% | 3.43% | 3.52% | 3.62% | 3.65% | 3.76% |
| ▂▃▃▁▃▇█▇ | Return on Assets (%) | 1.77% | 1.77% | 1.80% | 1.66% | 1.82% | 2.04% | 2.10% | 2.04% |
| ██▇▇▄▁▁▂ | Efficiency Ratio (%) | 55.1% | 55.2% | 54.3% | 54.0% | 52.5% | 50.8% | 50.3% | 51.0% |
| ██▆▄▄▄▃▁ | Cost of Funds (%) | 1.85% | 1.91% | 1.78% | 1.66% | 1.66% | 1.66% | 1.59% | 1.46% |
| ▁▁▁▇▇▆██ | NPA / Assets (%) | 0.88% | 0.97% | 0.97% | 1.53% | 1.54% | 1.44% | 1.63% | 1.59% |
| ▁▂▁▇█▇██ | Net Charge-Off Ratio (%) | 1.28% | 1.46% | 1.42% | 2.54% | 2.62% | 2.39% | 2.75% | 2.70% |
| ▁▄▂▃▃▇██ | Tang. Book Value ($M) | $99 | $112 | $105 | $107 | $108 | $121 | $128 | $128 |
| ▃▁▂▅▆▄██ | Gross Loans ($M) | $507 | $496 | $504 | $515 | $518 | $513 | $529 | $531 |
| ▅▂▁▇▅▃▄█ | Total Deposits ($M) | $880 | $865 | $854 | $888 | $877 | $867 | $873 | $896 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 14% |
| Agricultural | 1% |
| Consumer | 2% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 12% |