Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.15% | -0.29 | 1.43% |
| Return on Equity (%) | ▼ | 12.35% | -2.67 | 15.02% |
| Net Interest Margin (%) | ▼ | 1.99% | -0.28 | 2.27% |
| Efficiency Ratio (%) | ▼ | 48.52% | +5.63 | 42.89% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.44 | $4 |
| Cost of Funds (%) | ▲ | 2.21% | -0.01 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,093 | +71.00 | $1,022 |
| Gross Loans ($M) | ▲ | $305 | +20.11 | $285 |
| Loan Growth YoY (%) | ▲ | 30.62% | +0.02 | 30.61% |
| Total Deposits ($M) | ▲ | $985 | +67.43 | $917 |
| Shareholders Equity ($M) | ▲ | $103 | +5.78 | $97 |
| Tang. Book Value ($M) | ▲ | $103 | +5.78 | $97 |
| TBV excl. AOCI ($M)** | ▲ | $130 | +6.23 | $124 |
| Loan / Deposit Ratio (%) | ▲ | 30.62% | +0.02 | 30.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.44 | 0.46% |
| Allowance / Loans (%) | — | 1.09% | -0.33% | 1.42% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -1.60 | 1.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 27.48% | -0.75 | 28.23% |
Noninterest income ($1.01M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▄▄▄▃▁ | Net Interest Margin (%) | 2.66% | 2.66% | 2.61% | 2.27% | 2.27% | 2.26% | 2.22% | 1.99% |
| ██▇▄▄▄▁▁ | Return on Assets (%) | 1.78% | 1.73% | 1.67% | 1.43% | 1.43% | 1.43% | 1.14% | 1.15% |
| ▁▂▃▄▄▄▅█ | Efficiency Ratio (%) | 38.7% | 40.6% | 41.9% | 42.9% | 43.1% | 43.5% | 44.2% | 48.5% |
| ▂▄▃▁▅█▅▁ | Cost of Funds (%) | 2.24% | 2.30% | 2.27% | 2.22% | 2.32% | 2.40% | 2.32% | 2.21% |
| ███▇█▇▂▁ | NPA / Assets (%) | 0.53% | 0.49% | 0.47% | 0.46% | 0.48% | 0.45% | 0.09% | 0.01% |
| █████▇▂▁ | Net Charge-Off Ratio (%) | 1.82% | 1.66% | 1.64% | 1.65% | 1.67% | 1.54% | 0.32% | 0.05% |
| ▁▂▃▅▅▇▇█ | Tang. Book Value ($M) | $89 | $92 | $93 | $97 | $96 | $99 | $100 | $103 |
| ▁▁▁▄▇███ | Gross Loans ($M) | $272 | $271 | $275 | $285 | $298 | $302 | $304 | $305 |
| ▁▁▃▅▆▅██ | Total Deposits ($M) | $844 | $825 | $870 | $917 | $928 | $922 | $985 | $985 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 45% |
| C&I / Commercial | 35% |
| Agricultural | 9% |
| Consumer | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 32% |