Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.56% | +0.31 | 1.25% |
| Return on Equity (%) | ▲ | 18.70% | +1.51 | 17.19% |
| Net Interest Margin (%) | ▲ | 3.43% | +0.24 | 3.19% |
| Efficiency Ratio (%) | ▲ | 51.55% | -12.31 | 63.86% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.34 | $3 |
| Cost of Funds (%) | ▲ | 1.75% | -0.32 | 2.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $905 | +14.73 | $890 |
| Gross Loans ($M) | ▲ | $494 | +21.67 | $472 |
| Loan Growth YoY (%) | ▲ | 60.78% | +1.39 | 59.40% |
| Total Deposits ($M) | ▲ | $801 | +13.74 | $787 |
| Shareholders Equity ($M) | ▲ | $75 | +9.06 | $66 |
| Tang. Book Value ($M) | ▲ | $74 | +9.08 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $90 | +10.10 | $80 |
| Loan / Deposit Ratio (%) | ▲ | 60.78% | +1.39 | 59.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.27% | +1.19 | 0.08% |
| Allowance / Loans (%) | — | 1.52% | 0.44% | 1.08% |
| Net Charge-Off Ratio (%) | ▼ | 2.33% | +2.18 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.82% | +0.95 | 11.88% |
Noninterest income ($1.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▅▇▇█ | Net Interest Margin (%) | 3.19% | 3.21% | 3.19% | 3.19% | 3.32% | 3.38% | 3.39% | 3.43% |
| ▁▁▂▃▅█▆█ | Return on Assets (%) | 1.13% | 1.17% | 1.24% | 1.25% | 1.37% | 1.51% | 1.42% | 1.56% |
| ██▇▇▆▃▂▁ | Efficiency Ratio (%) | 67.4% | 67.0% | 64.9% | 63.9% | 62.1% | 55.7% | 55.5% | 51.5% |
| ██▇▇▆▆▁▁ | Cost of Funds (%) | 2.12% | 2.17% | 2.12% | 2.07% | 2.06% | 2.03% | 1.79% | 1.75% |
| ▁▁▁▁▁▅▅█ | NPA / Assets (%) | 0.03% | 0.03% | 0.04% | 0.08% | 0.10% | 0.73% | 0.66% | 1.27% |
| ▁▁▁▁▁▅▅█ | Net Charge-Off Ratio (%) | 0.06% | 0.06% | 0.08% | 0.16% | 0.19% | 1.32% | 1.23% | 2.33% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $58 | $65 | $61 | $65 | $68 | $73 | $76 | $74 |
| ▁▂▃▆▆▆██ | Gross Loans ($M) | $421 | $437 | $447 | $472 | $471 | $476 | $495 | $494 |
| ▂▁▅▇▄▃██ | Total Deposits ($M) | $733 | $719 | $771 | $787 | $756 | $752 | $808 | $801 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 8% |
| Agricultural | 1% |
| Consumer | 4% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 14% |