Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.76% | +0.42 | 1.35% |
| Return on Equity (%) | ▲ | 22.29% | +2.91 | 19.38% |
| Net Interest Margin (%) | ▲ | 3.34% | +0.43 | 2.90% |
| Efficiency Ratio (%) | ▲ | 52.05% | -7.35 | 59.40% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.86 | $4 |
| Cost of Funds (%) | ▲ | 1.53% | -0.11 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,388 | +83.98 | $1,304 |
| Gross Loans ($M) | ▲ | $796 | +75.27 | $720 |
| Loan Growth YoY (%) | ▲ | 62.97% | +2.99 | 59.98% |
| Total Deposits ($M) | ▲ | $1,248 | +63.06 | $1,185 |
| Shareholders Equity ($M) | ▲ | $111 | +18.26 | $92 |
| Tang. Book Value ($M) | ▲ | $110 | +18.29 | $91 |
| TBV excl. AOCI ($M)** | ▲ | $132 | +19.87 | $112 |
| Loan / Deposit Ratio (%) | ▲ | 62.97% | +2.99 | 59.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.05% | +0.02 | 0.03% |
| Allowance / Loans (%) | — | 1.23% | -0.11% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 0.09% | +0.03 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.83% | +0.20 | 13.62% |
Noninterest income ($1.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▄▆▇█ | Net Interest Margin (%) | 2.84% | 2.89% | 2.92% | 2.90% | 3.08% | 3.17% | 3.22% | 3.34% |
| ▁▁▃▂▄▆▇█ | Return on Assets (%) | 1.27% | 1.33% | 1.42% | 1.35% | 1.50% | 1.60% | 1.69% | 1.76% |
| ██▇▇▅▄▃▁ | Efficiency Ratio (%) | 60.6% | 59.7% | 58.6% | 59.4% | 57.3% | 55.6% | 54.6% | 52.0% |
| ██▅▄▇▇▄▁ | Cost of Funds (%) | 1.75% | 1.78% | 1.68% | 1.64% | 1.72% | 1.73% | 1.63% | 1.53% |
| ▃▂▁▂▂█▇█ | NPA / Assets (%) | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.05% | 0.05% | 0.05% |
| ▂▁▁▂▁█▇█ | Net Charge-Off Ratio (%) | 0.06% | 0.05% | 0.05% | 0.06% | 0.05% | 0.09% | 0.09% | 0.09% |
| ▁▃▁▃▃▆██ | Tang. Book Value ($M) | $83 | $92 | $86 | $91 | $90 | $102 | $109 | $110 |
| ▁▁▁▃▄▅▇█ | Gross Loans ($M) | $693 | $704 | $700 | $720 | $743 | $750 | $772 | $796 |
| ▁▁▃▅▄▅██ | Total Deposits ($M) | $1,123 | $1,110 | $1,164 | $1,185 | $1,170 | $1,190 | $1,256 | $1,248 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 11% |
| Agricultural | 22% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 13% |