Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.23% | +0.36 | 1.88% |
| Return on Equity (%) | ▲ | 16.39% | +2.66 | 13.73% |
| Net Interest Margin (%) | ▼ | 4.67% | -0.14 | 4.81% |
| Efficiency Ratio (%) | ▲ | 55.57% | -7.18 | 62.74% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.50 | $2 |
| Cost of Funds (%) | ▲ | 1.02% | -0.14 | 1.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $389 | +20.89 | $368 |
| Gross Loans ($M) | ▲ | $239 | +30.17 | $209 |
| Loan Growth YoY (%) | ▲ | 70.87% | +5.48 | 65.39% |
| Total Deposits ($M) | ▲ | $333 | +18.17 | $315 |
| Shareholders Equity ($M) | ▲ | $54 | +3.12 | $51 |
| Tang. Book Value ($M) | ▲ | $54 | +3.12 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $58 | +3.17 | $55 |
| Loan / Deposit Ratio (%) | ▲ | 70.87% | +5.48 | 65.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.55% | -0.25 | 0.80% |
| Allowance / Loans (%) | — | 1.29% | -0.17% | 1.45% |
| Net Charge-Off Ratio (%) | ▲ | 0.49% | -0.26 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.40% | -3.16 | 23.56% |
Noninterest income ($0.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▇█▄▆▇▆▁ | Net Interest Margin (%) | 4.88% | 4.93% | 4.99% | 4.81% | 4.89% | 4.91% | 4.89% | 4.67% |
| ▁▁▂▂▁▁▂█ | Return on Assets (%) | 1.83% | 1.80% | 1.88% | 1.88% | 1.83% | 1.85% | 1.88% | 2.23% |
| ▅▅▄▇██▇▁ | Efficiency Ratio (%) | 60.7% | 60.4% | 59.3% | 62.7% | 64.0% | 63.8% | 62.9% | 55.6% |
| ▁▃▅▇█▇▁▁ | Cost of Funds (%) | 1.01% | 1.07% | 1.11% | 1.16% | 1.21% | 1.18% | 1.03% | 1.02% |
| █▇▂▄▂▁▂▁ | NPA / Assets (%) | 1.11% | 0.98% | 0.65% | 0.80% | 0.67% | 0.56% | 0.68% | 0.55% |
| █▇▁▃▂▁▃▂ | Net Charge-Off Ratio (%) | 1.63% | 1.32% | 0.46% | 0.75% | 0.51% | 0.32% | 0.68% | 0.49% |
| ▁▅▁▄▆███ | Tang. Book Value ($M) | $49 | $51 | $49 | $51 | $52 | $54 | $54 | $54 |
| ▄▂▃▁▁▃██ | Gross Loans ($M) | $223 | $216 | $222 | $209 | $212 | $220 | $243 | $239 |
| ▁▁▃▃▂▃█▆ | Total Deposits ($M) | $303 | $297 | $313 | $315 | $309 | $312 | $348 | $333 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 54% |
| C&I / Commercial | 37% |
| Agricultural | 6% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 40% |
| Interest-Bearing (core) | 49% |
| Brokered / Other | 11% |