Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.13% | +0.15 | 0.98% |
| Return on Equity (%) | ▲ | 13.18% | +0.47 | 12.71% |
| Net Interest Margin (%) | ▲ | 4.37% | +0.45 | 3.92% |
| Efficiency Ratio (%) | ▼ | 73.00% | +0.04 | 72.96% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.13 | $2 |
| Cost of Funds (%) | ▲ | 1.81% | -0.37 | 2.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $497 | -21.25 | $519 |
| Gross Loans ($M) | ▼ | $408 | -5.45 | $413 |
| Loan Growth YoY (%) | ▲ | 89.66% | +3.59 | 86.08% |
| Total Deposits ($M) | ▼ | $450 | -26.29 | $476 |
| Shareholders Equity ($M) | ▲ | $43 | +2.73 | $40 |
| Tang. Book Value ($M) | ▲ | $41 | +2.79 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +3.12 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 89.66% | +3.59 | 86.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.96% | +0.95 | 1.01% |
| Allowance / Loans (%) | — | 1.07% | 0.27% | 0.80% |
| Net Charge-Off Ratio (%) | ▼ | 2.38% | +1.11 | 1.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.73% | +0.78 | 10.95% |
Noninterest income ($0.93M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▇▇█ | Net Interest Margin (%) | 3.64% | 3.77% | 3.87% | 3.92% | 4.08% | 4.19% | 4.26% | 4.37% |
| ▁▂▄▅██▇▇ | Return on Assets (%) | 0.75% | 0.85% | 0.93% | 0.98% | 1.21% | 1.17% | 1.11% | 1.13% |
| █▇▇▄▁▁▁▄ | Efficiency Ratio (%) | 77.8% | 76.6% | 75.5% | 73.0% | 68.7% | 68.8% | 69.3% | 73.0% |
| ▇█▇▆▅▄▂▁ | Cost of Funds (%) | 2.31% | 2.39% | 2.29% | 2.19% | 2.12% | 2.08% | 1.95% | 1.81% |
| ▁▁▁▃▄▃▂█ | NPA / Assets (%) | 0.75% | 0.64% | 0.66% | 1.01% | 1.15% | 0.97% | 0.97% | 1.96% |
| ▁▁▁▃▄▃▃█ | Net Charge-Off Ratio (%) | 0.83% | 0.74% | 0.80% | 1.27% | 1.43% | 1.16% | 1.18% | 2.38% |
| ▁▄▄▅▆▇██ | Tang. Book Value ($M) | $34 | $37 | $37 | $38 | $39 | $40 | $41 | $41 |
| ██▄▂▃▃▂▁ | Gross Loans ($M) | $428 | $430 | $417 | $413 | $415 | $416 | $412 | $408 |
| ▁▃▆█▇▃▄▁ | Total Deposits ($M) | $448 | $457 | $466 | $476 | $471 | $457 | $459 | $450 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 7% |