Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.94% | +0.20 | 0.74% |
| Return on Equity (%) | ▲ | 12.04% | +1.34 | 10.70% |
| Net Interest Margin (%) | ▲ | 3.59% | +0.42 | 3.18% |
| Efficiency Ratio (%) | ▲ | 70.82% | -5.47 | 76.29% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.24 | $3 |
| Cost of Funds (%) | ▲ | 1.67% | -0.38 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,407 | +96.84 | $1,311 |
| Gross Loans ($M) | ▲ | $901 | +72.92 | $828 |
| Loan Growth YoY (%) | ▲ | 69.54% | +1.55 | 67.99% |
| Total Deposits ($M) | ▲ | $1,284 | +77.76 | $1,206 |
| Shareholders Equity ($M) | ▲ | $110 | +17.07 | $93 |
| Tang. Book Value ($M) | ▲ | $107 | +17.07 | $90 |
| TBV excl. AOCI ($M)** | ▲ | $124 | +18.54 | $106 |
| Loan / Deposit Ratio (%) | ▲ | 69.54% | +1.55 | 67.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.34% | -0.34 | 0.69% |
| Allowance / Loans (%) | — | 0.88% | -0.06% | 0.94% |
| Net Charge-Off Ratio (%) | ▲ | 0.54% | -0.54 | 1.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.18% | +0.61 | 12.57% |
Noninterest income ($2.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▇█ | Net Interest Margin (%) | 2.75% | 2.76% | 2.84% | 3.18% | 3.35% | 3.37% | 3.42% | 3.59% |
| ▃▁▁▅▆▆▇█ | Return on Assets (%) | 0.65% | 0.51% | 0.56% | 0.74% | 0.80% | 0.82% | 0.85% | 0.94% |
| ▆█▆▆▂▁▁▂ | Efficiency Ratio (%) | 75.6% | 79.1% | 76.3% | 76.3% | 70.7% | 70.3% | 69.3% | 70.8% |
| ▇██▅▃▃▃▁ | Cost of Funds (%) | 2.27% | 2.29% | 2.37% | 2.05% | 1.88% | 1.89% | 1.85% | 1.67% |
| ▆▄▅█▆▅▃▁ | NPA / Assets (%) | 0.58% | 0.49% | 0.55% | 0.69% | 0.58% | 0.55% | 0.44% | 0.34% |
| ▆▄▅█▆▅▃▁ | Net Charge-Off Ratio (%) | 0.91% | 0.79% | 0.84% | 1.08% | 0.90% | 0.85% | 0.68% | 0.54% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $81 | $89 | $85 | $90 | $93 | $100 | $105 | $107 |
| ▁▁▂▁▃▆▇█ | Gross Loans ($M) | $830 | $833 | $842 | $828 | $851 | $874 | $889 | $901 |
| ▁▃▁▂▁▅▆█ | Total Deposits ($M) | $1,192 | $1,222 | $1,199 | $1,206 | $1,203 | $1,241 | $1,251 | $1,284 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 7% |
| Agricultural | 2% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 3% |