Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.02% | -0.05 | 1.07% |
| Return on Equity (%) | ▼ | 12.61% | -3.50 | 16.11% |
| Net Interest Margin (%) | ▲ | 3.35% | +0.11 | 3.23% |
| Efficiency Ratio (%) | ▼ | 73.68% | +1.22 | 72.46% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.01 | $2 |
| Cost of Funds (%) | ▲ | 1.26% | -0.24 | 1.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $857 | +24.87 | $832 |
| Gross Loans ($M) | ▲ | $242 | +3.35 | $239 |
| Loan Growth YoY (%) | ▼ | 30.12% | -0.22 | 30.34% |
| Total Deposits ($M) | ▲ | $786 | +14.00 | $772 |
| Shareholders Equity ($M) | ▲ | $69 | +11.24 | $58 |
| Tang. Book Value ($M) | ▲ | $63 | +11.35 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $87 | +13.50 | $74 |
| Loan / Deposit Ratio (%) | ▼ | 30.12% | -0.22 | 30.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 2.16% | 0.32% | 1.85% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 23.83% | +0.45 | 23.37% |
Noninterest income ($1.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▆▇▆██ | Net Interest Margin (%) | 2.99% | 3.05% | 3.15% | 3.23% | 3.27% | 3.25% | 3.32% | 3.35% |
| ▁▄▅▅▆██▄ | Return on Assets (%) | 0.89% | 1.03% | 1.10% | 1.07% | 1.13% | 1.20% | 1.24% | 1.02% |
| █▅▃▅▃▁▁▆ | Efficiency Ratio (%) | 75.4% | 72.3% | 71.2% | 72.5% | 71.3% | 69.4% | 69.1% | 73.7% |
| ██▆▅▄▄▂▁ | Cost of Funds (%) | 1.73% | 1.69% | 1.60% | 1.50% | 1.47% | 1.44% | 1.36% | 1.26% |
| █▃▃▁▁▁▁▁ | NPA / Assets (%) | 0.25% | 0.08% | 0.08% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% |
| █▃▃▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.91% | 0.32% | 0.30% | 0.00% | 0.00% | 0.02% | 0.05% | 0.00% |
| ▁▄▃▄▅▇█▇ | Tang. Book Value ($M) | $41 | $53 | $48 | $51 | $55 | $60 | $66 | $63 |
| ▁▁▁▇▆▅▆█ | Gross Loans ($M) | $227 | $227 | $227 | $239 | $237 | $236 | $236 | $242 |
| ▁▇▃▁▄█▅▂ | Total Deposits ($M) | $772 | $824 | $792 | $772 | $799 | $838 | $808 | $786 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 10% |
| Agricultural | 8% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 38% |
| Brokered / Other | 25% |