Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.86% | +0.55 | 1.32% |
| Return on Equity (%) | ▲ | 16.06% | +2.90 | 13.16% |
| Net Interest Margin (%) | ▲ | 3.95% | +0.78 | 3.17% |
| Efficiency Ratio (%) | ▲ | 55.99% | -7.86 | 63.85% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.21 | $3 |
| Cost of Funds (%) | ▲ | 1.97% | -0.48 | 2.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $644 | +4.87 | $639 |
| Gross Loans ($M) | ▲ | $510 | +39.87 | $470 |
| Loan Growth YoY (%) | ▲ | 89.56% | +7.59 | 81.97% |
| Total Deposits ($M) | ▼ | $561 | -3.53 | $565 |
| Shareholders Equity ($M) | ▲ | $77 | +11.97 | $65 |
| Tang. Book Value ($M) | ▲ | $74 | +12.09 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +12.47 | $65 |
| Loan / Deposit Ratio (%) | ▲ | 89.56% | +7.59 | 81.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.10 | 0.22% |
| Allowance / Loans (%) | — | 1.38% | -0.08% | 1.46% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.08 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.96% | +0.95 | 13.01% |
Noninterest income ($2.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▅█ | Net Interest Margin (%) | 2.93% | 2.95% | 2.98% | 3.17% | 3.31% | 3.41% | 3.51% | 3.95% |
| ▁▁▁▄▄▅▄█ | Return on Assets (%) | 0.96% | 0.97% | 0.93% | 1.32% | 1.33% | 1.43% | 1.38% | 1.86% |
| ███▄▄▄▄▁ | Efficiency Ratio (%) | 73.5% | 73.7% | 75.0% | 63.9% | 64.3% | 64.2% | 63.9% | 56.0% |
| ▇█▇▅▄▄▂▁ | Cost of Funds (%) | 2.64% | 2.76% | 2.60% | 2.45% | 2.34% | 2.29% | 2.14% | 1.97% |
| ██▆▆█▆▁▁ | NPA / Assets (%) | 0.27% | 0.26% | 0.21% | 0.22% | 0.25% | 0.21% | 0.11% | 0.12% |
| ██▆▅▇▆▁▁ | Net Charge-Off Ratio (%) | 0.32% | 0.32% | 0.27% | 0.23% | 0.27% | 0.25% | 0.13% | 0.15% |
| ▁▂▂▂▃▅▇█ | Tang. Book Value ($M) | $58 | $61 | $61 | $62 | $64 | $68 | $71 | $74 |
| ▄▄▂▁▂▂▅█ | Gross Loans ($M) | $487 | $489 | $480 | $470 | $478 | $478 | $494 | $510 |
| ▁▄▇▇█▆▇▆ | Total Deposits ($M) | $536 | $550 | $566 | $565 | $571 | $559 | $564 | $561 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 10% |
| Agricultural | 9% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 89% |
| Brokered / Other | 7% |