Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.85% | -0.08 | 0.93% |
| Return on Equity (%) | ▼ | 9.57% | -0.98 | 10.55% |
| Net Interest Margin (%) | ▲ | 3.35% | +0.15 | 3.20% |
| Efficiency Ratio (%) | ▼ | 67.44% | +0.42 | 67.01% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.60 | $4 |
| Cost of Funds (%) | ▲ | 2.04% | -0.06 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,705 | +142.99 | $1,562 |
| Gross Loans ($M) | ▲ | $1,308 | +169.16 | $1,138 |
| Loan Growth YoY (%) | ▲ | 89.97% | +4.86 | 85.11% |
| Total Deposits ($M) | ▲ | $1,436 | +113.89 | $1,323 |
| Shareholders Equity ($M) | ▲ | $152 | +14.45 | $137 |
| Tang. Book Value ($M) | ▲ | $137 | +14.44 | $123 |
| TBV excl. AOCI ($M)** | ▲ | $148 | +14.18 | $134 |
| Loan / Deposit Ratio (%) | ▲ | 89.97% | +4.86 | 85.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.91% | +0.86 | 0.04% |
| Allowance / Loans (%) | — | 1.17% | 0.05% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.90% | +0.84 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.85% | -0.49 | 11.34% |
Noninterest income ($2.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄██▇█ | Net Interest Margin (%) | 3.09% | 3.09% | 3.12% | 3.20% | 3.34% | 3.32% | 3.32% | 3.35% |
| ▁▁▁▇█▇▆▃ | Return on Assets (%) | 0.79% | 0.79% | 0.80% | 0.93% | 0.96% | 0.93% | 0.91% | 0.85% |
| ███▃▂▁▁▄ | Efficiency Ratio (%) | 70.3% | 69.8% | 70.4% | 67.0% | 66.1% | 65.3% | 65.2% | 67.4% |
| ██▅▂▄▃▂▁ | Cost of Funds (%) | 2.30% | 2.32% | 2.21% | 2.10% | 2.16% | 2.11% | 2.11% | 2.04% |
| ▁▁▁▁▁▇██ | NPA / Assets (%) | 0.06% | 0.05% | 0.06% | 0.04% | 0.00% | 0.76% | 0.96% | 0.91% |
| ▁▁▁▁▁███ | Net Charge-Off Ratio (%) | 0.09% | 0.08% | 0.08% | 0.06% | 0.01% | 1.02% | 0.98% | 0.90% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $114 | $119 | $119 | $123 | $126 | $131 | $135 | $137 |
| ▁▁▂▃▅▆▇█ | Gross Loans ($M) | $1,074 | $1,084 | $1,117 | $1,138 | $1,194 | $1,229 | $1,274 | $1,308 |
| ▁▃▂▄▄▇██ | Total Deposits ($M) | $1,210 | $1,272 | $1,259 | $1,323 | $1,311 | $1,401 | $1,423 | $1,436 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 14% |
| Agricultural | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 20% |