Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.65% | +0.30 | 1.36% |
| Return on Equity (%) | ▼ | 18.25% | -0.23 | 18.48% |
| Net Interest Margin (%) | ▲ | 3.77% | +0.20 | 3.56% |
| Efficiency Ratio (%) | ▲ | 64.79% | -0.40 | 65.19% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.51 | $4 |
| Cost of Funds (%) | ▲ | 1.58% | -0.07 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,099 | +82.78 | $1,016 |
| Gross Loans ($M) | ▲ | $672 | +104.50 | $567 |
| Loan Growth YoY (%) | ▲ | 67.04% | +7.03 | 60.01% |
| Total Deposits ($M) | ▲ | $991 | +56.67 | $934 |
| Shareholders Equity ($M) | ▲ | $104 | +25.85 | $78 |
| Tang. Book Value ($M) | ▲ | $104 | +25.85 | $78 |
| TBV excl. AOCI ($M)** | ▲ | $119 | +24.59 | $94 |
| Loan / Deposit Ratio (%) | ▲ | 67.04% | +7.03 | 60.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.17% | +0.04 | 0.13% |
| Allowance / Loans (%) | — | 1.14% | -0.06% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.29% | +0.05 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.06% | -1.39 | 19.45% |
Noninterest income ($1.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇███ | Net Interest Margin (%) | 3.02% | 3.06% | 3.15% | 3.56% | 3.64% | 3.70% | 3.72% | 3.77% |
| ▁▁▁▅▆█▇█ | Return on Assets (%) | 0.89% | 0.92% | 0.98% | 1.36% | 1.38% | 1.66% | 1.52% | 1.65% |
| ██▇▄▃▁▂▃ | Efficiency Ratio (%) | 74.2% | 73.2% | 72.2% | 65.2% | 64.6% | 59.6% | 61.8% | 64.8% |
| ██▆▄▂▄▁▂ | Cost of Funds (%) | 1.84% | 1.86% | 1.75% | 1.65% | 1.58% | 1.66% | 1.51% | 1.58% |
| ▂▁▁▁█▆▅▄ | NPA / Assets (%) | 0.15% | 0.12% | 0.13% | 0.13% | 0.25% | 0.21% | 0.18% | 0.17% |
| ▁▁▂▂█▅▄▄ | Net Charge-Off Ratio (%) | 0.21% | 0.21% | 0.23% | 0.23% | 0.42% | 0.33% | 0.31% | 0.29% |
| ▁▃▁▃▄▆▇█ | Tang. Book Value ($M) | $67 | $80 | $69 | $78 | $82 | $93 | $95 | $104 |
| ▁▁▁▂▅▇▇█ | Gross Loans ($M) | $547 | $549 | $561 | $567 | $612 | $645 | $653 | $672 |
| ▁▃▃▄▃▄██ | Total Deposits ($M) | $875 | $908 | $916 | $934 | $917 | $925 | $999 | $991 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 5% |
| Agricultural | 7% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 12% |