Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.00% | +0.34 | 0.66% |
| Return on Equity (%) | ▲ | 9.66% | +2.80 | 6.86% |
| Net Interest Margin (%) | ▲ | 2.91% | +0.63 | 2.27% |
| Efficiency Ratio (%) | ▼ | 62.23% | +0.55 | 61.68% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.74 | $3 |
| Cost of Funds (%) | ▲ | 2.88% | -0.39 | 3.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,183 | +41.73 | $1,142 |
| Gross Loans ($M) | ▲ | $829 | +49.11 | $780 |
| Loan Growth YoY (%) | ▲ | 89.00% | +4.99 | 84.00% |
| Total Deposits ($M) | ▲ | $920 | +6.59 | $913 |
| Shareholders Equity ($M) | ▲ | $122 | +12.33 | $109 |
| Tang. Book Value ($M) | ▲ | $115 | +12.06 | $103 |
| TBV excl. AOCI ($M)** | ▲ | $125 | +11.57 | $114 |
| Loan / Deposit Ratio (%) | ▲ | 89.00% | +4.99 | 84.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.33% | +0.19 | 1.14% |
| Allowance / Loans (%) | — | 1.28% | -0.38% | 1.67% |
| Net Charge-Off Ratio (%) | ▼ | 1.78% | +0.12 | 1.67% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▅█ | Net Interest Margin (%) | 1.99% | 2.00% | 2.02% | 2.27% | 2.36% | 2.42% | 2.48% | 2.91% |
| ▁▅▃▁▂▃▅█ | Return on Assets (%) | 0.70% | 0.87% | 0.75% | 0.66% | 0.71% | 0.76% | 0.87% | 1.00% |
| ▇▅█▃▁▁▁▃ | Efficiency Ratio (%) | 67.7% | 64.8% | 70.3% | 61.7% | 57.9% | 58.7% | 58.5% | 62.2% |
| ▇██▄▄▄▃▁ | Cost of Funds (%) | 3.53% | 3.69% | 3.67% | 3.27% | 3.26% | 3.27% | 3.16% | 2.88% |
| ▃▁▄▅▅▄██ | NPA / Assets (%) | 0.99% | 0.83% | 1.07% | 1.14% | 1.13% | 1.04% | 1.29% | 1.33% |
| ▅▃▆▇▁▄██ | Net Charge-Off Ratio (%) | 1.43% | 1.22% | 1.55% | 1.67% | 1.02% | 1.37% | 1.76% | 1.78% |
| ▁▄▂▃▄▆██ | Tang. Book Value ($M) | $95 | $104 | $99 | $103 | $105 | $109 | $114 | $115 |
| ▁▁▁▄▆▅▆█ | Gross Loans ($M) | $750 | $753 | $757 | $780 | $800 | $798 | $809 | $829 |
| ▁▄██████ | Total Deposits ($M) | $788 | $847 | $913 | $913 | $926 | $913 | $920 | $920 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 7% |
| Agricultural | 9% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 44% |