Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.17 | 1.05% |
| Return on Equity (%) | ▲ | 15.87% | +1.82 | 14.05% |
| Net Interest Margin (%) | ▲ | 3.87% | +0.14 | 3.73% |
| Efficiency Ratio (%) | ▲ | 72.52% | -3.14 | 75.66% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.27 | $1 |
| Cost of Funds (%) | ▲ | 2.15% | -0.16 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $488 | +26.07 | $462 |
| Gross Loans ($M) | ▲ | $392 | +22.73 | $369 |
| Loan Growth YoY (%) | ▲ | 86.99% | +0.54 | 86.45% |
| Total Deposits ($M) | ▲ | $447 | +23.19 | $424 |
| Shareholders Equity ($M) | ▲ | $38 | +2.69 | $35 |
| Tang. Book Value ($M) | ▲ | $35 | +2.69 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +2.93 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 86.99% | +0.54 | 86.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.80% | -0.25 | 1.05% |
| Allowance / Loans (%) | — | 0.78% | 0.02% | 0.76% |
| Net Charge-Off Ratio (%) | ▲ | 1.00% | -0.31 | 1.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.55% | -0.42 | 10.97% |
Noninterest income ($1.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆████ | Net Interest Margin (%) | 3.43% | 3.48% | 3.54% | 3.73% | 3.85% | 3.84% | 3.85% | 3.87% |
| ▁▂▁▅▅▅▃█ | Return on Assets (%) | 0.81% | 0.85% | 0.78% | 1.05% | 1.03% | 1.02% | 0.93% | 1.22% |
| ███▄▃▄▅▁ | Efficiency Ratio (%) | 79.5% | 78.9% | 79.4% | 75.7% | 74.3% | 75.3% | 76.7% | 72.5% |
| ██▇▄▂▂▂▁ | Cost of Funds (%) | 2.49% | 2.53% | 2.47% | 2.31% | 2.24% | 2.24% | 2.20% | 2.15% |
| ▃▁▁▄█▁▃▂ | NPA / Assets (%) | 0.89% | 0.58% | 0.66% | 1.05% | 1.75% | 0.68% | 0.97% | 0.80% |
| ▃▁▁▄█▁▃▂ | Net Charge-Off Ratio (%) | 1.09% | 0.71% | 0.81% | 1.31% | 2.20% | 0.86% | 1.22% | 1.00% |
| ▁▄▁▃▃▇▇█ | Tang. Book Value ($M) | $31 | $33 | $31 | $32 | $32 | $34 | $34 | $35 |
| ▁▃▄▂▄▇██ | Gross Loans ($M) | $366 | $373 | $377 | $369 | $379 | $386 | $391 | $392 |
| ▁▁▄▄▆▅▇█ | Total Deposits ($M) | $407 | $406 | $424 | $424 | $436 | $430 | $438 | $447 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 5% |
| Agricultural | 9% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 16% |