Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.51% | +0.40 | 1.11% |
| Return on Equity (%) | ▲ | 23.86% | +4.65 | 19.21% |
| Net Interest Margin (%) | ▲ | 3.17% | +0.45 | 2.72% |
| Efficiency Ratio (%) | ▲ | 62.59% | -7.80 | 70.39% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.10 | $2 |
| Cost of Funds (%) | ▲ | 1.60% | -0.36 | 1.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $786 | +70.53 | $716 |
| Gross Loans ($M) | ▲ | $484 | +41.93 | $442 |
| Loan Growth YoY (%) | ▲ | 70.26% | +3.00 | 67.26% |
| Total Deposits ($M) | ▲ | $682 | +31.03 | $651 |
| Shareholders Equity ($M) | ▲ | $52 | +8.38 | $43 |
| Tang. Book Value ($M) | ▲ | $51 | +8.44 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $64 | +9.53 | $55 |
| Loan / Deposit Ratio (%) | ▲ | 70.26% | +3.00 | 67.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.34% | +0.32 | 0.01% |
| Allowance / Loans (%) | — | 0.93% | 0.05% | 0.88% |
| Net Charge-Off Ratio (%) | ▼ | 0.55% | +0.54 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.97% | +0.88 | 15.09% |
Noninterest income ($2.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▅█ | Net Interest Margin (%) | 2.40% | 2.43% | 2.44% | 2.72% | 2.75% | 2.83% | 2.84% | 3.17% |
| ▁▁▁▄▃▄▄█ | Return on Assets (%) | 0.83% | 0.86% | 0.86% | 1.11% | 1.08% | 1.12% | 1.11% | 1.51% |
| ███▅▅▅▅▁ | Efficiency Ratio (%) | 75.6% | 74.6% | 74.3% | 70.4% | 70.3% | 69.7% | 69.2% | 62.6% |
| ▇█▆▆▅▅▂▁ | Cost of Funds (%) | 2.07% | 2.16% | 1.96% | 1.96% | 1.92% | 1.90% | 1.69% | 1.60% |
| ▁▂▁▁▁███ | NPA / Assets (%) | 0.04% | 0.06% | 0.01% | 0.01% | 0.02% | 0.36% | 0.33% | 0.34% |
| ▁▂▁▁▁███ | Net Charge-Off Ratio (%) | 0.06% | 0.09% | 0.03% | 0.01% | 0.02% | 0.57% | 0.57% | 0.55% |
| ▁▂▃▄▄▆▇█ | Tang. Book Value ($M) | $37 | $40 | $41 | $43 | $44 | $47 | $49 | $51 |
| ▂▁▁▁▃▄▅█ | Gross Loans ($M) | $446 | $440 | $439 | $442 | $451 | $457 | $467 | $484 |
| ▃▁▅▄▅▃█▅ | Total Deposits ($M) | $641 | $598 | $671 | $651 | $669 | $647 | $735 | $682 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 14% |