Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.55% | +0.12 | 1.43% |
| Return on Equity (%) | ▼ | 18.62% | -1.09 | 19.71% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.19 | 3.50% |
| Efficiency Ratio (%) | ▲ | 51.71% | -2.33 | 54.04% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.64 | $4 |
| Cost of Funds (%) | ▲ | 1.20% | -0.07 | 1.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $814 | +35.87 | $778 |
| Gross Loans ($M) | ▲ | $453 | +61.69 | $391 |
| Loan Growth YoY (%) | ▲ | 61.91% | +6.43 | 55.48% |
| Total Deposits ($M) | ▲ | $723 | +26.74 | $696 |
| Shareholders Equity ($M) | ▲ | $68 | +10.96 | $57 |
| Tang. Book Value ($M) | ▲ | $68 | +10.97 | $57 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +11.66 | $69 |
| Loan / Deposit Ratio (%) | ▲ | 61.91% | +6.43 | 55.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.06 | 0.03% |
| Allowance / Loans (%) | — | 1.14% | -0.08% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.16% | +0.10 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.87% | -0.66 | 16.53% |
Noninterest income ($1.55M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▆▆▇▇█ | Net Interest Margin (%) | 3.15% | 3.22% | 3.27% | 3.50% | 3.55% | 3.57% | 3.61% | 3.70% |
| ▁▁▃▅▇███ | Return on Assets (%) | 1.22% | 1.24% | 1.31% | 1.43% | 1.48% | 1.52% | 1.54% | 1.55% |
| █▇▇▅▄▄▃▁ | Efficiency Ratio (%) | 56.0% | 55.0% | 54.9% | 54.0% | 53.7% | 53.3% | 53.3% | 51.7% |
| ██▆▂▁▅▄▁ | Cost of Funds (%) | 1.48% | 1.51% | 1.41% | 1.27% | 1.23% | 1.38% | 1.35% | 1.20% |
| ██▂▁▁▁▂▂ | NPA / Assets (%) | 0.49% | 0.48% | 0.12% | 0.03% | 0.06% | 0.05% | 0.09% | 0.09% |
| ██▂▁▁▁▁▁ | Net Charge-Off Ratio (%) | 1.01% | 0.98% | 0.24% | 0.05% | 0.11% | 0.10% | 0.16% | 0.16% |
| ▁▅▁▂▅███ | Tang. Book Value ($M) | $54 | $61 | $54 | $57 | $62 | $67 | $66 | $68 |
| ▁▁▂▃▄▅██ | Gross Loans ($M) | $357 | $367 | $378 | $391 | $404 | $408 | $442 | $453 |
| ▁▁▃▅▄█▇█ | Total Deposits ($M) | $659 | $657 | $679 | $696 | $683 | $716 | $707 | $723 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 5% |