Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.33 | 0.92% |
| Return on Equity (%) | ▲ | 13.90% | +2.23 | 11.67% |
| Net Interest Margin (%) | ▲ | 2.85% | +0.40 | 2.45% |
| Efficiency Ratio (%) | ▲ | 56.89% | -6.80 | 63.70% |
| Pre-Provision Profit ($M) | ▲ | $9 | +2.38 | $6 |
| Cost of Funds (%) | ▲ | 2.01% | -0.26 | 2.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,534 | +52.42 | $2,481 |
| Gross Loans ($M) | ▲ | $1,658 | +85.00 | $1,573 |
| Loan Growth YoY (%) | ▲ | 82.35% | +3.08 | 79.27% |
| Total Deposits ($M) | ▲ | $1,986 | +29.12 | $1,957 |
| Shareholders Equity ($M) | ▲ | $228 | +28.79 | $199 |
| Tang. Book Value ($M) | ▲ | $213 | +29.26 | $184 |
| TBV excl. AOCI ($M)** | ▲ | $246 | +28.99 | $217 |
| Loan / Deposit Ratio (%) | ▲ | 82.35% | +3.08 | 79.27% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.20% | 0.00 | 0.20% |
| Allowance / Loans (%) | — | 1.36% | -0.02% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 0.30% | +0.00 | 0.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 2.22% | 2.21% | 2.25% | 2.45% | 2.57% | 2.60% | 2.65% | 2.85% |
| ▁▁▂▄▅▆▇█ | Return on Assets (%) | 0.78% | 0.73% | 0.83% | 0.92% | 1.05% | 1.06% | 1.17% | 1.25% |
| ▇█▇▆▄▄▂▁ | Efficiency Ratio (%) | 64.7% | 66.9% | 64.6% | 63.7% | 60.9% | 60.8% | 58.9% | 56.9% |
| ██▇▄▄▄▃▁ | Cost of Funds (%) | 2.65% | 2.66% | 2.54% | 2.26% | 2.32% | 2.32% | 2.23% | 2.01% |
| █▅▄▃█▁▁▃ | NPA / Assets (%) | 0.24% | 0.22% | 0.21% | 0.20% | 0.25% | 0.18% | 0.19% | 0.20% |
| █▅▃▃█▁▁▃ | Net Charge-Off Ratio (%) | 0.38% | 0.33% | 0.30% | 0.30% | 0.36% | 0.27% | 0.28% | 0.30% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $163 | $181 | $171 | $184 | $190 | $202 | $208 | $213 |
| ▁▁▂▂▄▆▇█ | Gross Loans ($M) | $1,552 | $1,550 | $1,576 | $1,573 | $1,597 | $1,623 | $1,642 | $1,658 |
| ▁▃▃▇▃▆▆█ | Total Deposits ($M) | $1,850 | $1,897 | $1,891 | $1,957 | $1,887 | $1,937 | $1,946 | $1,986 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 4% |
| Agricultural | 28% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 18% |