Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.38% | +0.17 | 1.21% |
| Return on Equity (%) | ▲ | 13.84% | +0.42 | 13.42% |
| Net Interest Margin (%) | ▲ | 3.54% | +0.37 | 3.17% |
| Efficiency Ratio (%) | ▲ | 61.43% | -0.89 | 62.32% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.66 | $5 |
| Cost of Funds (%) | ▲ | 1.88% | -0.39 | 2.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,226 | +32.71 | $1,193 |
| Gross Loans ($M) | ▲ | $901 | +2.24 | $899 |
| Loan Growth YoY (%) | ▼ | 86.55% | -0.16 | 86.70% |
| Total Deposits ($M) | ▲ | $1,027 | +4.21 | $1,023 |
| Shareholders Equity ($M) | ▲ | $125 | +14.09 | $111 |
| Tang. Book Value ($M) | ▲ | $124 | +14.09 | $110 |
| TBV excl. AOCI ($M)** | ▲ | $133 | +16.28 | $116 |
| Loan / Deposit Ratio (%) | ▼ | 86.55% | -0.16 | 86.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.23 | 0.06% |
| Allowance / Loans (%) | — | 1.40% | 0.02% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 0.39% | +0.31 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.64% | +1.31 | 13.33% |
Noninterest income ($3.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▆█ | Net Interest Margin (%) | 2.92% | 2.93% | 2.97% | 3.17% | 3.24% | 3.33% | 3.35% | 3.54% |
| ▁▁▁▆▅▆██ | Return on Assets (%) | 0.93% | 0.93% | 0.92% | 1.21% | 1.18% | 1.22% | 1.33% | 1.38% |
| ███▂▃▂▁▁ | Efficiency Ratio (%) | 68.1% | 68.1% | 68.2% | 62.3% | 63.6% | 62.9% | 61.8% | 61.4% |
| ██▆▆▅▅▁▁ | Cost of Funds (%) | 2.43% | 2.48% | 2.31% | 2.27% | 2.22% | 2.19% | 1.87% | 1.88% |
| ▂▁▂▂██▇▇ | NPA / Assets (%) | 0.06% | 0.02% | 0.07% | 0.06% | 0.33% | 0.31% | 0.28% | 0.28% |
| ▂▁▂▂████ | Net Charge-Off Ratio (%) | 0.08% | 0.02% | 0.10% | 0.08% | 0.43% | 0.42% | 0.38% | 0.39% |
| ▁▃▁▃▄▇██ | Tang. Book Value ($M) | $104 | $109 | $106 | $110 | $113 | $119 | $123 | $124 |
| ▄▇█▇▄▁██ | Gross Loans ($M) | $890 | $901 | $903 | $899 | $888 | $877 | $904 | $901 |
| ▁▂▆▅▃▂█▅ | Total Deposits ($M) | $973 | $988 | $1,032 | $1,023 | $999 | $990 | $1,060 | $1,027 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 13% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 50% |
| Interest-Bearing (core) | 27% |
| Brokered / Other | 23% |