Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +0.22 | 0.97% |
| Return on Equity (%) | ▲ | 13.65% | +0.52 | 13.13% |
| Net Interest Margin (%) | ▲ | 3.41% | +0.32 | 3.09% |
| Efficiency Ratio (%) | ▲ | 67.61% | -5.74 | 73.35% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.92 | $3 |
| Cost of Funds (%) | ▲ | 1.36% | -0.23 | 1.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,096 | +3.79 | $1,093 |
| Gross Loans ($M) | ▲ | $617 | +34.06 | $583 |
| Loan Growth YoY (%) | ▲ | 61.26% | +3.92 | 57.34% |
| Total Deposits ($M) | ▼ | $992 | -9.86 | $1,002 |
| Shareholders Equity ($M) | ▲ | $95 | +13.06 | $82 |
| Tang. Book Value ($M) | ▲ | $91 | +13.06 | $78 |
| TBV excl. AOCI ($M)** | ▲ | $107 | +12.37 | $95 |
| Loan / Deposit Ratio (%) | ▲ | 61.26% | +3.92 | 57.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.10% | +0.08 | 0.02% |
| Allowance / Loans (%) | — | 1.45% | 0.06% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 0.17% | +0.13 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.69% | +0.17 | 19.51% |
Noninterest income ($3.12M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▂▄▅▆█ | Net Interest Margin (%) | 2.99% | 3.05% | 3.08% | 3.09% | 3.18% | 3.23% | 3.29% | 3.41% |
| ▁▂▂▁▂▅█▆ | Return on Assets (%) | 1.00% | 1.01% | 1.04% | 0.97% | 1.02% | 1.15% | 1.28% | 1.18% |
| ▇▇▆██▅▁▁ | Efficiency Ratio (%) | 72.2% | 72.3% | 71.7% | 73.4% | 72.9% | 70.4% | 67.4% | 67.6% |
| ██▇▅▅▅▃▁ | Cost of Funds (%) | 1.78% | 1.81% | 1.70% | 1.59% | 1.61% | 1.63% | 1.52% | 1.36% |
| ▁▁▁▁▁▂██ | NPA / Assets (%) | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.03% | 0.09% | 0.10% |
| ▁▂▁▁▁▃██ | Net Charge-Off Ratio (%) | 0.03% | 0.04% | 0.03% | 0.03% | 0.02% | 0.06% | 0.16% | 0.17% |
| ▁▅▁▃▅███ | Tang. Book Value ($M) | $73 | $83 | $74 | $78 | $83 | $89 | $90 | $91 |
| ▁▁▂▃▅▇██ | Gross Loans ($M) | $570 | $567 | $576 | $583 | $596 | $610 | $622 | $617 |
| ▁▁▆▇█▇▅▆ | Total Deposits ($M) | $952 | $958 | $997 | $1,002 | $1,012 | $1,000 | $985 | $992 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 16% |
| Agricultural | 2% |
| Consumer | 4% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 6% |