Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.32% | +0.60 | 1.72% |
| Return on Equity (%) | ▲ | 23.97% | +3.97 | 20.00% |
| Net Interest Margin (%) | ▲ | 4.69% | +0.40 | 4.29% |
| Efficiency Ratio (%) | ▲ | 52.61% | -3.51 | 56.12% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.60 | $7 |
| Cost of Funds (%) | ▲ | 1.31% | -0.16 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,373 | +67.75 | $1,305 |
| Gross Loans ($M) | ▲ | $945 | +37.26 | $908 |
| Loan Growth YoY (%) | ▼ | 75.57% | -0.87 | 76.44% |
| Total Deposits ($M) | ▲ | $1,232 | +62.37 | $1,169 |
| Shareholders Equity ($M) | ▲ | $131 | +14.71 | $117 |
| Tang. Book Value ($M) | ▲ | $118 | +14.97 | $103 |
| TBV excl. AOCI ($M)** | ▲ | $132 | +16.00 | $116 |
| Loan / Deposit Ratio (%) | ▼ | 75.57% | -0.87 | 76.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.55 | 0.63% |
| Allowance / Loans (%) | — | 1.51% | -0.03% | 1.54% |
| Net Charge-Off Ratio (%) | ▲ | 0.11% | -0.78 | 0.89% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.09% | +0.06 | 14.02% |
Noninterest income ($3.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▆█ | Net Interest Margin (%) | 4.23% | 4.21% | 4.22% | 4.29% | 4.40% | 4.47% | 4.54% | 4.69% |
| ▁▁▁▂▂▄▄█ | Return on Assets (%) | 1.63% | 1.70% | 1.63% | 1.72% | 1.79% | 1.94% | 1.96% | 2.32% |
| ███▅▆▅▄▁ | Efficiency Ratio (%) | 59.5% | 58.6% | 59.2% | 56.1% | 57.6% | 56.1% | 55.6% | 52.6% |
| ▇██▆▄▃▂▁ | Cost of Funds (%) | 1.50% | 1.54% | 1.55% | 1.47% | 1.41% | 1.37% | 1.37% | 1.31% |
| ██▇█▇▆▅▁ | NPA / Assets (%) | 0.70% | 0.69% | 0.61% | 0.63% | 0.58% | 0.55% | 0.44% | 0.07% |
| ██▇█▇▇▅▁ | Net Charge-Off Ratio (%) | 1.00% | 0.99% | 0.89% | 0.89% | 0.83% | 0.79% | 0.64% | 0.11% |
| ▁▃▁▄▅▇██ | Tang. Book Value ($M) | $93 | $100 | $94 | $103 | $107 | $114 | $119 | $118 |
| ▁▂▂▃▃▅▇█ | Gross Loans ($M) | $888 | $898 | $897 | $908 | $906 | $921 | $933 | $945 |
| ▁▂▄▅▆▇▇█ | Total Deposits ($M) | $1,102 | $1,122 | $1,160 | $1,169 | $1,198 | $1,210 | $1,208 | $1,232 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 7% |
| Agricultural | 3% |
| Consumer | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 9% |