Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.64% | +0.11 | 0.53% |
| Return on Equity (%) | ▲ | 8.08% | +1.26 | 6.82% |
| Net Interest Margin (%) | ▲ | 3.31% | +0.28 | 3.02% |
| Efficiency Ratio (%) | ▲ | 77.07% | -4.01 | 81.08% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.56 | $1 |
| Cost of Funds (%) | ▲ | 1.17% | -0.01 | 1.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $885 | +67.58 | $818 |
| Gross Loans ($M) | ▲ | $725 | +60.67 | $664 |
| Loan Growth YoY (%) | ▲ | 93.19% | +5.45 | 87.74% |
| Total Deposits ($M) | ▲ | $770 | +20.71 | $749 |
| Shareholders Equity ($M) | ▲ | $70 | +5.16 | $65 |
| Tang. Book Value ($M) | ▲ | $70 | +5.15 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $74 | +4.65 | $69 |
| Loan / Deposit Ratio (%) | ▲ | 93.19% | +5.45 | 87.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.01 | 0.26% |
| Allowance / Loans (%) | — | 0.99% | -0.01% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.33% | +0.00 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.01% | -0.65 | 15.67% |
Noninterest income ($1.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▆▇█ | Net Interest Margin (%) | 2.78% | 2.79% | 2.83% | 3.02% | 3.12% | 3.17% | 3.20% | 3.31% |
| ▃▁▁▃▆▆█▇ | Return on Assets (%) | 0.52% | 0.47% | 0.49% | 0.53% | 0.61% | 0.62% | 0.67% | 0.64% |
| ▇██▆▃▃▁▁ | Efficiency Ratio (%) | 81.6% | 83.0% | 82.9% | 81.1% | 79.1% | 78.9% | 77.7% | 77.1% |
| ▆█▆▂▁▂▂▂ | Cost of Funds (%) | 1.29% | 1.35% | 1.28% | 1.19% | 1.14% | 1.19% | 1.19% | 1.17% |
| ▁▂▅▅▇█▆▆ | NPA / Assets (%) | 0.18% | 0.20% | 0.26% | 0.26% | 0.29% | 0.31% | 0.27% | 0.27% |
| ▁▂▅▅▇█▆▆ | Net Charge-Off Ratio (%) | 0.23% | 0.25% | 0.31% | 0.32% | 0.35% | 0.38% | 0.34% | 0.33% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $61 | $63 | $63 | $65 | $66 | $67 | $69 | $70 |
| ▁▂▃▃▄▆▇█ | Gross Loans ($M) | $639 | $651 | $661 | $664 | $679 | $693 | $710 | $725 |
| ▃▄▃▁▁▃▇█ | Total Deposits ($M) | $757 | $757 | $754 | $749 | $752 | $756 | $766 | $770 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 85% |
| Brokered / Other | 8% |