Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.12% | +0.11 | 2.01% |
| Return on Equity (%) | ▼ | 23.57% | -3.02 | 26.59% |
| Net Interest Margin (%) | ▼ | 4.16% | -0.02 | 4.17% |
| Efficiency Ratio (%) | ▲ | 54.07% | -2.62 | 56.69% |
| Pre-Provision Profit ($M) | ▲ | $9 | +1.21 | $7 |
| Cost of Funds (%) | ▼ | 1.19% | +0.04 | 1.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,652 | +173.34 | $1,478 |
| Gross Loans ($M) | ▲ | $1,029 | +70.02 | $959 |
| Loan Growth YoY (%) | ▼ | 71.75% | -2.23 | 73.97% |
| Total Deposits ($M) | ▲ | $1,417 | +137.00 | $1,280 |
| Shareholders Equity ($M) | ▲ | $143 | +29.06 | $114 |
| Tang. Book Value ($M) | ▲ | $127 | +29.06 | $98 |
| TBV excl. AOCI ($M)** | ▲ | $146 | +28.53 | $118 |
| Loan / Deposit Ratio (%) | ▼ | 71.75% | -2.23 | 73.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.01 | 0.02% |
| Allowance / Loans (%) | — | 1.24% | -0.07% | 1.31% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.02 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.04% | +0.46 | 14.59% |
Noninterest income ($3.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▂▅▇█▁ | Net Interest Margin (%) | 4.13% | 4.14% | 4.20% | 4.17% | 4.25% | 4.31% | 4.34% | 4.16% |
| ▃▆▄▁▇█▇▄ | Return on Assets (%) | 2.11% | 2.19% | 2.14% | 2.01% | 2.24% | 2.28% | 2.23% | 2.12% |
| ▄▂▅█▁▁▃▃ | Efficiency Ratio (%) | 54.5% | 53.3% | 54.7% | 56.7% | 52.8% | 52.6% | 53.8% | 54.1% |
| ▁██▂▂▄▄▅ | Cost of Funds (%) | 1.13% | 1.24% | 1.23% | 1.15% | 1.16% | 1.17% | 1.18% | 1.19% |
| ▄█▃▃▄▁▁▁ | NPA / Assets (%) | 0.03% | 0.06% | 0.02% | 0.02% | 0.03% | 0.00% | 0.00% | 0.01% |
| ▄█▃▃▄▁▁▁ | Net Charge-Off Ratio (%) | 0.04% | 0.09% | 0.03% | 0.03% | 0.05% | 0.00% | 0.00% | 0.01% |
| ▁▄▂▄▅▇██ | Tang. Book Value ($M) | $77 | $101 | $88 | $98 | $108 | $120 | $127 | $127 |
| ▁▂▂▃▅▇██ | Gross Loans ($M) | $931 | $951 | $949 | $959 | $986 | $1,012 | $1,033 | $1,029 |
| ▁▁▁▃▃▃▄█ | Total Deposits ($M) | $1,235 | $1,232 | $1,227 | $1,280 | $1,278 | $1,279 | $1,306 | $1,417 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 13% |
| Agricultural | 6% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 10% |