Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.56% | +0.28 | 2.27% |
| Return on Equity (%) | ▲ | 21.10% | +0.31 | 20.79% |
| Net Interest Margin (%) | ▲ | 4.21% | +0.35 | 3.86% |
| Efficiency Ratio (%) | ▲ | 42.25% | -2.49 | 44.74% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.07 | $5 |
| Cost of Funds (%) | ▲ | 1.50% | -0.19 | 1.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $995 | +31.44 | $964 |
| Gross Loans ($M) | ▲ | $683 | +38.60 | $645 |
| Loan Growth YoY (%) | ▲ | 77.82% | +1.44 | 76.38% |
| Total Deposits ($M) | ▲ | $868 | +33.53 | $835 |
| Shareholders Equity ($M) | ▲ | $122 | +16.87 | $105 |
| Tang. Book Value ($M) | ▲ | $110 | +17.74 | $92 |
| TBV excl. AOCI ($M)** | ▲ | $120 | +17.96 | $102 |
| Loan / Deposit Ratio (%) | ▲ | 77.82% | +1.44 | 76.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.10 | 0.13% |
| Allowance / Loans (%) | — | 1.08% | 0.01% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.15 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.92M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▄▅▆█ | Net Interest Margin (%) | 3.82% | 3.84% | 3.88% | 3.86% | 3.99% | 4.03% | 4.08% | 4.21% |
| ▁▂▂▆▇▇▇█ | Return on Assets (%) | 1.80% | 1.89% | 1.97% | 2.27% | 2.38% | 2.44% | 2.46% | 2.56% |
| █▇▆▂▁▁▁▁ | Efficiency Ratio (%) | 53.3% | 50.9% | 50.0% | 44.7% | 43.3% | 43.0% | 42.5% | 42.3% |
| ▆██▅▅▅▃▁ | Cost of Funds (%) | 1.74% | 1.84% | 1.83% | 1.69% | 1.70% | 1.68% | 1.60% | 1.50% |
| ▄▁▁▇▇█▂▁ | NPA / Assets (%) | 0.09% | 0.04% | 0.04% | 0.13% | 0.12% | 0.15% | 0.05% | 0.03% |
| ▅▁▁██▁▂▁ | Net Charge-Off Ratio (%) | 0.12% | 0.06% | 0.06% | 0.20% | 0.18% | 0.06% | 0.06% | 0.04% |
| ▁▃▃▄▅▇▇█ | Tang. Book Value ($M) | $76 | $87 | $89 | $92 | $96 | $102 | $105 | $110 |
| ▁▃▄▄▃▄██ | Gross Loans ($M) | $615 | $634 | $648 | $645 | $639 | $650 | $690 | $683 |
| ▁▂▃▆▆▆▇█ | Total Deposits ($M) | $768 | $791 | $796 | $835 | $839 | $838 | $847 | $868 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 7% |
| Agricultural | 13% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 8% |