Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.08% | -0.30 | 1.39% |
| Return on Equity (%) | ▼ | 10.31% | -5.82 | 16.13% |
| Net Interest Margin (%) | ▲ | 3.80% | +0.05 | 3.75% |
| Efficiency Ratio (%) | ▼ | 68.15% | +9.66 | 58.49% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.43 | $3 |
| Cost of Funds (%) | ▲ | 0.91% | -0.35 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $855 | +176.40 | $678 |
| Gross Loans ($M) | ▲ | $508 | +158.69 | $350 |
| Loan Growth YoY (%) | ▲ | 66.10% | +10.18 | 55.93% |
| Total Deposits ($M) | ▲ | $757 | +142.27 | $615 |
| Shareholders Equity ($M) | ▲ | $94 | +34.21 | $60 |
| Tang. Book Value ($M) | ▲ | $70 | +15.12 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $81 | +15.01 | $66 |
| Loan / Deposit Ratio (%) | ▲ | 66.10% | +10.18 | 55.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.30% | -0.11 | 0.41% |
| Allowance / Loans (%) | — | 1.53% | -0.11% | 1.64% |
| Net Charge-Off Ratio (%) | ▲ | 0.50% | -0.29 | 0.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.69% | -2.01 | 17.70% |
Noninterest income ($1.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▅▄▁▂▂▃▁ | Net Interest Margin (%) | 4.23% | 4.01% | 3.97% | 3.75% | 3.85% | 3.86% | 3.91% | 3.80% |
| ▁▃▁██▇▅▁ | Return on Assets (%) | 1.12% | 1.17% | 1.12% | 1.39% | 1.37% | 1.34% | 1.26% | 1.08% |
| ▇▆▆▁▁▂▄█ | Efficiency Ratio (%) | 66.5% | 65.5% | 65.6% | 58.5% | 59.7% | 60.2% | 62.6% | 68.1% |
| █▆▆▄▄▄▃▁ | Cost of Funds (%) | 1.72% | 1.45% | 1.44% | 1.26% | 1.25% | 1.24% | 1.19% | 0.91% |
| ██▇█▁█▄▂ | NPA / Assets (%) | 0.41% | 0.43% | 0.40% | 0.41% | 0.26% | 0.41% | 0.33% | 0.30% |
| ▇█▇█▁█▄▁ | Net Charge-Off Ratio (%) | 0.75% | 0.79% | 0.75% | 0.79% | 0.47% | 0.77% | 0.60% | 0.50% |
| ▁▃▁▂▃▅▅█ | Tang. Book Value ($M) | $52 | $58 | $51 | $55 | $57 | $61 | $62 | $70 |
| ▁▁▁▁▁▁▂█ | Gross Loans ($M) | $350 | $356 | $356 | $350 | $362 | $361 | $372 | $508 |
| ▁▁▂▂▁▁▁█ | Total Deposits ($M) | $586 | $601 | $611 | $615 | $604 | $604 | $606 | $757 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 12% |
| Agricultural | 11% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 5% |