Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.53% | +0.41 | 1.13% |
| Return on Equity (%) | ▲ | 12.29% | +2.03 | 10.26% |
| Net Interest Margin (%) | ▲ | 3.98% | +0.28 | 3.70% |
| Efficiency Ratio (%) | ▼ | 65.62% | +2.21 | 63.41% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.02 | $2 |
| Cost of Funds (%) | ▲ | 1.68% | -0.12 | 1.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $609 | -0.22 | $609 |
| Gross Loans ($M) | ▲ | $446 | +4.78 | $441 |
| Loan Growth YoY (%) | ▼ | 85.46% | -0.31 | 85.77% |
| Total Deposits ($M) | ▲ | $515 | +7.35 | $507 |
| Shareholders Equity ($M) | ▲ | $77 | +7.56 | $70 |
| Tang. Book Value ($M) | ▲ | $70 | +7.59 | $63 |
| TBV excl. AOCI ($M)** | ▲ | $76 | +7.26 | $69 |
| Loan / Deposit Ratio (%) | ▼ | 85.46% | -0.31 | 85.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.63% | -0.40 | 1.03% |
| Allowance / Loans (%) | — | 1.44% | -0.00% | 1.45% |
| Net Charge-Off Ratio (%) | ▲ | 0.86% | -0.56 | 1.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.22% | +2.05 | 13.17% |
Noninterest income ($1.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇███ | Net Interest Margin (%) | 3.33% | 3.38% | 3.44% | 3.70% | 3.85% | 3.91% | 3.95% | 3.98% |
| ▁▃▃▃▆███ | Return on Assets (%) | 0.98% | 1.12% | 1.14% | 1.13% | 1.33% | 1.52% | 1.48% | 1.53% |
| █▇█▂▄▁▃▅ | Efficiency Ratio (%) | 67.5% | 66.6% | 67.8% | 63.4% | 64.2% | 62.0% | 64.0% | 65.6% |
| ██▄▂▂▄▁▁ | Cost of Funds (%) | 2.20% | 2.16% | 1.92% | 1.80% | 1.75% | 1.89% | 1.73% | 1.68% |
| ▁▁▁███▇▅ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 1.03% | 1.00% | 0.99% | 0.87% | 0.63% |
| ▁▁▁███▇▅ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 1.43% | 1.38% | 1.36% | 1.19% | 0.86% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $56 | $61 | $59 | $63 | $65 | $68 | $70 | $70 |
| ▁▂▂▂▇██▄ | Gross Loans ($M) | $438 | $441 | $442 | $441 | $453 | $457 | $458 | $446 |
| ▃▅▂▅▂█▁█ | Total Deposits ($M) | $500 | $507 | $498 | $507 | $498 | $516 | $495 | $515 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 49% |
| C&I / Commercial | 18% |
| Agricultural | 28% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 20% |