Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.01% | +0.41 | 1.60% |
| Return on Equity (%) | ▲ | 19.98% | +1.75 | 18.23% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.43 | 3.30% |
| Efficiency Ratio (%) | ▲ | 49.07% | -8.12 | 57.18% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.77 | $5 |
| Cost of Funds (%) | ▲ | 2.08% | -0.51 | 2.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,217 | +22.88 | $1,195 |
| Gross Loans ($M) | ▲ | $944 | +24.62 | $919 |
| Loan Growth YoY (%) | ▲ | 86.02% | +1.86 | 84.16% |
| Total Deposits ($M) | ▲ | $1,082 | +4.98 | $1,078 |
| Shareholders Equity ($M) | ▲ | $129 | +18.26 | $110 |
| Tang. Book Value ($M) | ▲ | $129 | +18.26 | $110 |
| TBV excl. AOCI ($M)** | ▲ | $136 | +17.97 | $118 |
| Loan / Deposit Ratio (%) | ▲ | 86.02% | +1.86 | 84.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.08 | 0.08% |
| Allowance / Loans (%) | — | 1.35% | -0.01% | 1.36% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.01 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.45% | +1.02 | 12.43% |
Noninterest income ($2.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▆▇██ | Net Interest Margin (%) | 2.91% | 3.03% | 3.07% | 3.30% | 3.46% | 3.60% | 3.64% | 3.74% |
| ▁▂▁▄▆█▇█ | Return on Assets (%) | 1.26% | 1.36% | 1.34% | 1.60% | 1.82% | 1.93% | 1.86% | 2.01% |
| █▇▇▅▃▂▃▁ | Efficiency Ratio (%) | 62.2% | 59.4% | 59.6% | 57.2% | 53.9% | 52.0% | 53.8% | 49.1% |
| ██▆▆▄▃▁▁ | Cost of Funds (%) | 2.74% | 2.80% | 2.54% | 2.59% | 2.39% | 2.26% | 2.03% | 2.08% |
| ▆▂▁▃█▂▂█ | NPA / Assets (%) | 0.12% | 0.07% | 0.04% | 0.08% | 0.16% | 0.07% | 0.07% | 0.16% |
| ▃▁▁▃█▂▃▃ | Net Charge-Off Ratio (%) | 0.10% | 0.05% | 0.05% | 0.10% | 0.21% | 0.07% | 0.09% | 0.09% |
| ▁▃▂▃▅█▇█ | Tang. Book Value ($M) | $100 | $109 | $105 | $110 | $118 | $126 | $124 | $129 |
| ▁▂▃▁▄▅█▅ | Gross Loans ($M) | $917 | $927 | $932 | $919 | $938 | $941 | $963 | $944 |
| ▁▂█▂▂▁█▃ | Total Deposits ($M) | $1,053 | $1,068 | $1,147 | $1,078 | $1,067 | $1,060 | $1,157 | $1,082 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 15% |
| Agricultural | 6% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 10% |