Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.91% | +0.68 | 0.23% |
| Return on Equity (%) | ▲ | 12.04% | +8.74 | 3.30% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.25 | 3.49% |
| Efficiency Ratio (%) | ▲ | 75.61% | -16.27 | 91.88% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.98 | $1 |
| Cost of Funds (%) | ▲ | 1.13% | -0.19 | 1.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,053 | +50.30 | $1,003 |
| Gross Loans ($M) | ▲ | $658 | +4.06 | $654 |
| Loan Growth YoY (%) | ▼ | 67.97% | -2.45 | 70.42% |
| Total Deposits ($M) | ▲ | $959 | +40.27 | $919 |
| Shareholders Equity ($M) | ▲ | $80 | +8.39 | $71 |
| Tang. Book Value ($M) | ▲ | $80 | +8.39 | $71 |
| TBV excl. AOCI ($M)** | ▲ | $92 | +10.99 | $81 |
| Loan / Deposit Ratio (%) | ▼ | 67.97% | -2.45 | 70.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.14% | -0.04 | 0.18% |
| Allowance / Loans (%) | — | 0.94% | -0.13% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 0.22% | -0.05 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.12% | +0.27 | 11.84% |
Noninterest income ($2.45M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆▇█ | Net Interest Margin (%) | 3.38% | 3.38% | 3.45% | 3.49% | 3.59% | 3.64% | 3.68% | 3.74% |
| ▇▇▆▁▅▆▇█ | Return on Assets (%) | 0.78% | 0.75% | 0.72% | 0.23% | 0.60% | 0.70% | 0.78% | 0.91% |
| ▃▂▃█▅▃▂▁ | Efficiency Ratio (%) | 79.9% | 79.6% | 80.5% | 91.9% | 84.7% | 81.6% | 78.8% | 75.6% |
| ███▄▃▄▃▁ | Cost of Funds (%) | 1.51% | 1.55% | 1.55% | 1.33% | 1.28% | 1.34% | 1.28% | 1.13% |
| ▁▄▇███▇▅ | NPA / Assets (%) | 0.08% | 0.13% | 0.17% | 0.18% | 0.18% | 0.19% | 0.17% | 0.14% |
| ▁▄▇███▇▅ | Net Charge-Off Ratio (%) | 0.13% | 0.20% | 0.25% | 0.27% | 0.28% | 0.29% | 0.25% | 0.22% |
| ▁▆▁▃▂▅██ | Tang. Book Value ($M) | $69 | $76 | $68 | $71 | $70 | $75 | $78 | $80 |
| ▁▂▄▅▆▇█▆ | Gross Loans ($M) | $628 | $637 | $647 | $654 | $660 | $663 | $671 | $658 |
| ▁▃▁▄▄▄▆█ | Total Deposits ($M) | $888 | $910 | $890 | $919 | $918 | $922 | $941 | $959 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 9% |
| Agricultural | 1% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 5% |