Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.06% | +0.64 | 1.42% |
| Return on Equity (%) | ▲ | 15.10% | +4.21 | 10.89% |
| Net Interest Margin (%) | ▲ | 4.33% | +0.23 | 4.10% |
| Efficiency Ratio (%) | ▲ | 47.92% | -6.88 | 54.81% |
| Pre-Provision Profit ($M) | ▲ | $7 | +2.17 | $5 |
| Cost of Funds (%) | ▲ | 2.02% | -0.23 | 2.24% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,117 | +37.97 | $1,079 |
| Gross Loans ($M) | ▲ | $910 | +11.51 | $899 |
| Loan Growth YoY (%) | ▼ | 99.94% | -2.67 | 102.61% |
| Total Deposits ($M) | ▲ | $898 | +35.00 | $863 |
| Shareholders Equity ($M) | ▲ | $155 | +13.26 | $142 |
| Tang. Book Value ($M) | ▲ | $155 | +13.26 | $142 |
| TBV excl. AOCI ($M)** | ▲ | $163 | +14.94 | $148 |
| Loan / Deposit Ratio (%) | ▼ | 99.94% | -2.67 | 102.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.11% | -0.32 | 1.43% |
| Allowance / Loans (%) | — | 1.42% | -0.07% | 1.48% |
| Net Charge-Off Ratio (%) | ▲ | 1.31% | -0.35 | 1.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▄▃▁▃▆▇█ | Net Interest Margin (%) | 4.17% | 4.19% | 4.17% | 4.10% | 4.17% | 4.25% | 4.28% | 4.33% |
| ▁▁▁▂▂▂▃█ | Return on Assets (%) | 1.40% | 1.38% | 1.32% | 1.42% | 1.49% | 1.49% | 1.55% | 2.06% |
| █▇█▇▅▄▅▁ | Efficiency Ratio (%) | 56.9% | 55.7% | 56.6% | 54.8% | 53.1% | 51.9% | 53.1% | 47.9% |
| ▃███▆▆▅▁ | Cost of Funds (%) | 2.09% | 2.26% | 2.24% | 2.24% | 2.19% | 2.18% | 2.16% | 2.02% |
| ▂▃▃▄▃█▁▁ | NPA / Assets (%) | 1.22% | 1.31% | 1.34% | 1.43% | 1.28% | 1.88% | 1.05% | 1.11% |
| ▂▃▃▄▂█▁▁ | Net Charge-Off Ratio (%) | 1.42% | 1.47% | 1.57% | 1.66% | 1.44% | 2.19% | 1.23% | 1.31% |
| ▁▂▁▃▅▇▆█ | Tang. Book Value ($M) | $136 | $140 | $138 | $142 | $147 | $151 | $150 | $155 |
| ▁▃▂▅▇█▇▇ | Gross Loans ($M) | $867 | $887 | $879 | $899 | $914 | $921 | $907 | $910 |
| ▁▁▅▅▇▇██ | Total Deposits ($M) | $811 | $811 | $857 | $863 | $878 | $888 | $900 | $898 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 10% |
| Agricultural | 4% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 25% |