Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.04% | -0.05 | 1.09% |
| Return on Equity (%) | ▲ | 10.44% | +0.18 | 10.26% |
| Net Interest Margin (%) | ▼ | 3.96% | -0.59 | 4.55% |
| Efficiency Ratio (%) | ▲ | 58.98% | -2.27 | 61.25% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.06 | $3 |
| Cost of Funds (%) | ▲ | 2.06% | -0.18 | 2.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,063 | +266.04 | $797 |
| Gross Loans ($M) | ▲ | $732 | +88.59 | $643 |
| Loan Growth YoY (%) | ▼ | 76.88% | -13.98 | 90.86% |
| Total Deposits ($M) | ▲ | $936 | +240.22 | $695 |
| Shareholders Equity ($M) | ▲ | $110 | +26.18 | $83 |
| Tang. Book Value ($M) | ▲ | $100 | +20.09 | $80 |
| TBV excl. AOCI ($M)** | ▲ | $105 | +22.35 | $83 |
| Loan / Deposit Ratio (%) | ▼ | 76.88% | -13.98 | 90.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.27 | 0.16% |
| Allowance / Loans (%) | — | 1.67% | -0.06% | 1.73% |
| Net Charge-Off Ratio (%) | ▼ | 0.63% | +0.43 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.77% | +0.73 | 12.04% |
Noninterest income ($1.69M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▆▇▇▇▁ | Net Interest Margin (%) | 4.73% | 4.78% | 4.78% | 4.55% | 4.60% | 4.61% | 4.61% | 3.96% |
| ▄▅█▁▃▄▆▁ | Return on Assets (%) | 1.26% | 1.31% | 1.51% | 1.09% | 1.20% | 1.23% | 1.36% | 1.04% |
| ▅▃▁█▅▄▅▄ | Efficiency Ratio (%) | 59.4% | 58.3% | 57.0% | 61.3% | 59.5% | 58.8% | 59.6% | 59.0% |
| ▂▄▅▅██▆▁ | Cost of Funds (%) | 2.11% | 2.20% | 2.23% | 2.24% | 2.35% | 2.34% | 2.26% | 2.06% |
| ▃▃▂▂▂▂▁█ | NPA / Assets (%) | 0.18% | 0.18% | 0.14% | 0.16% | 0.14% | 0.14% | 0.09% | 0.43% |
| ▂▂▁▂▁▁▁█ | Net Charge-Off Ratio (%) | 0.22% | 0.22% | 0.17% | 0.20% | 0.17% | 0.17% | 0.11% | 0.63% |
| ▁▁▂▂▂▃▂█ | Tang. Book Value ($M) | $76 | $78 | $79 | $80 | $81 | $83 | $81 | $100 |
| ▁▂▃▄▅▅▆█ | Gross Loans ($M) | $584 | $606 | $639 | $643 | $658 | $672 | $679 | $732 |
| ▁▁▁▂▃▃▄█ | Total Deposits ($M) | $629 | $641 | $664 | $695 | $708 | $731 | $752 | $936 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 11% |
| Agricultural | 3% |
| Consumer | 4% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 12% |