Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.24% | +0.27 | 0.96% |
| Return on Equity (%) | ▲ | 19.28% | +2.13 | 17.15% |
| Net Interest Margin (%) | ▲ | 3.47% | +0.54 | 2.93% |
| Efficiency Ratio (%) | ▲ | 59.56% | -5.21 | 64.78% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.98 | $3 |
| Cost of Funds (%) | ▲ | 1.45% | -0.13 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $901 | +47.79 | $853 |
| Gross Loans ($M) | ▲ | $610 | +71.14 | $539 |
| Loan Growth YoY (%) | ▲ | 76.44% | +5.30 | 71.14% |
| Total Deposits ($M) | ▲ | $789 | +39.88 | $749 |
| Shareholders Equity ($M) | ▲ | $59 | +9.82 | $49 |
| Tang. Book Value ($M) | ▲ | $49 | +9.89 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +8.92 | $52 |
| Loan / Deposit Ratio (%) | ▲ | 76.44% | +5.30 | 71.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.04 | 0.07% |
| Allowance / Loans (%) | — | 1.19% | 0.03% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.07 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.67% | -0.29 | 11.96% |
Noninterest income ($1.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▄█ | Net Interest Margin (%) | 2.81% | 2.84% | 2.86% | 2.93% | 3.00% | 3.07% | 3.12% | 3.47% |
| ▁▁▁▄▄▄▄█ | Return on Assets (%) | 0.73% | 0.74% | 0.73% | 0.96% | 0.93% | 0.93% | 0.92% | 1.24% |
| ███▄▄▄▅▁ | Efficiency Ratio (%) | 72.2% | 71.6% | 72.9% | 64.8% | 65.3% | 66.1% | 66.8% | 59.6% |
| ▆█▇▄▃▄▃▁ | Cost of Funds (%) | 1.64% | 1.71% | 1.66% | 1.58% | 1.55% | 1.56% | 1.54% | 1.45% |
| ▃█▇█▅▆▇▁ | NPA / Assets (%) | 0.05% | 0.08% | 0.07% | 0.07% | 0.06% | 0.06% | 0.07% | 0.03% |
| ▄█▇█▅▆▆▁ | Net Charge-Off Ratio (%) | 0.08% | 0.13% | 0.12% | 0.12% | 0.09% | 0.10% | 0.11% | 0.05% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $32 | $35 | $36 | $39 | $41 | $44 | $46 | $49 |
| ▁▁▁▁▃▅██ | Gross Loans ($M) | $541 | $538 | $534 | $539 | $556 | $578 | $601 | $610 |
| ▁▂▁▁▃▆▇█ | Total Deposits ($M) | $745 | $753 | $748 | $749 | $759 | $776 | $782 | $789 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 10% |
| Agricultural | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 6% |