Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.50% | +0.02 | 1.48% |
| Return on Equity (%) | ▼ | 12.92% | -0.06 | 12.98% |
| Net Interest Margin (%) | ▲ | 4.46% | +0.00 | 4.45% |
| Efficiency Ratio (%) | ▲ | 65.47% | -0.95 | 66.42% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.37 | $3 |
| Cost of Funds (%) | ▲ | 1.88% | -0.00 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $886 | +43.22 | $843 |
| Gross Loans ($M) | ▲ | $708 | +8.99 | $699 |
| Loan Growth YoY (%) | ▼ | 100.43% | -2.38 | 102.81% |
| Total Deposits ($M) | ▲ | $696 | +23.78 | $672 |
| Shareholders Equity ($M) | ▲ | $102 | +6.09 | $96 |
| Tang. Book Value ($M) | ▲ | $102 | +6.09 | $96 |
| TBV excl. AOCI ($M)** | ▲ | $105 | +6.11 | $99 |
| Loan / Deposit Ratio (%) | ▼ | 100.43% | -2.38 | 102.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.44% | +0.17 | 0.27% |
| Allowance / Loans (%) | — | 1.22% | 0.14% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 0.46% | +0.24 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▇▇██▇ | Net Interest Margin (%) | 4.17% | 4.20% | 4.25% | 4.45% | 4.47% | 4.52% | 4.53% | 4.46% |
| ▁▁▃▅▃▇█▆ | Return on Assets (%) | 1.35% | 1.38% | 1.42% | 1.48% | 1.41% | 1.53% | 1.58% | 1.50% |
| █▇▆▅▆▃▁▃ | Efficiency Ratio (%) | 68.0% | 67.2% | 66.7% | 66.4% | 66.8% | 65.6% | 64.2% | 65.5% |
| ▁▆█▁▁▄▄▁ | Cost of Funds (%) | 1.89% | 2.10% | 2.17% | 1.88% | 1.88% | 2.02% | 1.99% | 1.88% |
| ▁▁▃▂▃▃▃█ | NPA / Assets (%) | 0.23% | 0.21% | 0.29% | 0.27% | 0.28% | 0.29% | 0.29% | 0.44% |
| ▁▁▃▃▃▄▄█ | Net Charge-Off Ratio (%) | 0.13% | 0.12% | 0.21% | 0.21% | 0.24% | 0.25% | 0.26% | 0.46% |
| ▁▂▂▃▄▇█▇ | Tang. Book Value ($M) | $92 | $95 | $95 | $96 | $98 | $101 | $103 | $102 |
| ▁▃▂▃▅▆█▄ | Gross Loans ($M) | $686 | $704 | $694 | $699 | $712 | $722 | $736 | $708 |
| ▁▁▃▆▄▄▆█ | Total Deposits ($M) | $620 | $627 | $645 | $672 | $652 | $652 | $670 | $696 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 9% |
| Agricultural | 7% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 16% |