Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.48% | +0.07 | 1.41% |
| Return on Equity (%) | ▼ | 17.28% | -0.55 | 17.83% |
| Net Interest Margin (%) | ▲ | 4.22% | +0.15 | 4.06% |
| Efficiency Ratio (%) | ▲ | 57.02% | -0.83 | 57.85% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.40 | $2 |
| Cost of Funds (%) | ▲ | 1.97% | -0.30 | 2.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $538 | +46.26 | $492 |
| Gross Loans ($M) | ▲ | $390 | +25.66 | $365 |
| Loan Growth YoY (%) | ▼ | 79.22% | -1.15 | 80.36% |
| Total Deposits ($M) | ▲ | $487 | +38.65 | $449 |
| Shareholders Equity ($M) | ▲ | $47 | +7.46 | $39 |
| Tang. Book Value ($M) | ▲ | $47 | +7.46 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $51 | +8.63 | $42 |
| Loan / Deposit Ratio (%) | ▼ | 79.22% | -1.15 | 80.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.56% | +0.35 | 0.22% |
| Allowance / Loans (%) | — | 1.08% | -0.02% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 0.42% | +0.17 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.09% | +1.05 | 14.04% |
Noninterest income ($1.01M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▅▆▆▆ | Net Interest Margin (%) | 4.25% | 4.27% | 4.27% | 4.06% | 4.17% | 4.22% | 4.22% | 4.22% |
| ▂▃▁▃█▇▁▆ | Return on Assets (%) | 1.36% | 1.40% | 1.34% | 1.41% | 1.57% | 1.54% | 1.33% | 1.48% |
| ███▄▁▂▃▃ | Efficiency Ratio (%) | 60.7% | 60.1% | 60.5% | 57.8% | 55.5% | 56.6% | 57.3% | 57.0% |
| ▆▇█▆▅▂▂▁ | Cost of Funds (%) | 2.28% | 2.32% | 2.41% | 2.26% | 2.21% | 2.04% | 2.03% | 1.97% |
| ▁▁▂▁▂█▇▃ | NPA / Assets (%) | 0.04% | 0.19% | 0.31% | 0.22% | 0.39% | 1.48% | 1.20% | 0.56% |
| ▁▁▂▁▂█▄▂ | Net Charge-Off Ratio (%) | 0.03% | 0.16% | 0.38% | 0.25% | 0.48% | 1.97% | 0.84% | 0.42% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $34 | $37 | $37 | $39 | $41 | $44 | $45 | $47 |
| ▁▂▄▅▇███ | Gross Loans ($M) | $333 | $344 | $356 | $365 | $379 | $383 | $384 | $390 |
| ▁▂▂▄▆▇██ | Total Deposits ($M) | $414 | $428 | $430 | $449 | $463 | $471 | $486 | $487 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 9% |
| Agricultural | 2% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 16% |