Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.35 | 0.96% |
| Return on Equity (%) | ▲ | 17.33% | +3.26 | 14.07% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.17 | 3.86% |
| Efficiency Ratio (%) | ▲ | 68.03% | -4.56 | 72.59% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.81 | $2 |
| Cost of Funds (%) | ▲ | 1.78% | -0.25 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $947 | +99.15 | $847 |
| Gross Loans ($M) | ▲ | $610 | +109.55 | $501 |
| Loan Growth YoY (%) | ▲ | 70.59% | +5.81 | 64.77% |
| Total Deposits ($M) | ▲ | $855 | +90.74 | $765 |
| Shareholders Equity ($M) | ▲ | $68 | +8.37 | $60 |
| Tang. Book Value ($M) | ▲ | $64 | +8.99 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +8.72 | $68 |
| Loan / Deposit Ratio (%) | ▲ | 70.59% | +5.81 | 64.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.31% | +1.13 | 0.18% |
| Allowance / Loans (%) | — | 1.08% | -0.03% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 2.03% | +1.77 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.34% | -1.29 | 12.64% |
Noninterest income ($1.91M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▇█▇ | Net Interest Margin (%) | 3.78% | 3.75% | 3.81% | 3.86% | 3.95% | 4.01% | 4.08% | 4.03% |
| ▁▁▃▁▄▅▅█ | Return on Assets (%) | 0.96% | 0.99% | 1.05% | 0.96% | 1.12% | 1.16% | 1.13% | 1.30% |
| ██▇█▃▄▅▁ | Efficiency Ratio (%) | 73.1% | 72.9% | 72.1% | 72.6% | 69.8% | 70.3% | 70.7% | 68.0% |
| ███▆▅▅▃▁ | Cost of Funds (%) | 2.14% | 2.12% | 2.11% | 2.03% | 1.96% | 1.97% | 1.89% | 1.78% |
| ▂▁▁▁▁▁▁█ | NPA / Assets (%) | 0.34% | 0.22% | 0.24% | 0.18% | 0.22% | 0.17% | 0.16% | 1.31% |
| ▂▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.54% | 0.38% | 0.20% | 0.26% | 0.31% | 0.27% | 0.25% | 2.03% |
| ▁▄▁▃▅███ | Tang. Book Value ($M) | $49 | $57 | $51 | $55 | $58 | $64 | $65 | $64 |
| ▁▁▁▁▃▃▅█ | Gross Loans ($M) | $496 | $497 | $492 | $501 | $531 | $536 | $565 | $610 |
| ▁▃▄▄▄▄▇█ | Total Deposits ($M) | $706 | $760 | $778 | $765 | $763 | $771 | $821 | $855 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 11% |
| Agricultural | 7% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 10% |