Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.26 | 1.25% |
| Return on Equity (%) | ▲ | 14.82% | +2.60 | 12.22% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.30 | 3.54% |
| Efficiency Ratio (%) | ▲ | 60.66% | -7.62 | 68.28% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.04 | $2 |
| Cost of Funds (%) | ▲ | 1.69% | -0.20 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $780 | +50.12 | $730 |
| Gross Loans ($M) | ▲ | $573 | +35.98 | $537 |
| Loan Growth YoY (%) | ▼ | 83.04% | -0.76 | 83.79% |
| Total Deposits ($M) | ▲ | $680 | +48.72 | $631 |
| Shareholders Equity ($M) | ▲ | $79 | +4.56 | $75 |
| Tang. Book Value ($M) | ▲ | $71 | +4.75 | $67 |
| TBV excl. AOCI ($M)** | ▲ | $79 | +4.74 | $74 |
| Loan / Deposit Ratio (%) | ▼ | 83.04% | -0.76 | 83.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.11 | 0.10% |
| Allowance / Loans (%) | — | 1.47% | -0.05% | 1.52% |
| Net Charge-Off Ratio (%) | ▼ | 0.20% | +0.07 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.21% | -0.41 | 13.62% |
Noninterest income ($1.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▇▇██ | Net Interest Margin (%) | 3.21% | 3.34% | 3.42% | 3.54% | 3.71% | 3.76% | 3.82% | 3.84% |
| ▁▂▄▃▆▄█▆ | Return on Assets (%) | 1.01% | 1.16% | 1.32% | 1.25% | 1.56% | 1.37% | 1.76% | 1.52% |
| ██▆█▄▄▁▄ | Efficiency Ratio (%) | 70.2% | 68.3% | 65.2% | 68.3% | 61.1% | 60.5% | 52.6% | 60.7% |
| ▇█▆▄▃▃▂▁ | Cost of Funds (%) | 2.05% | 2.10% | 1.99% | 1.90% | 1.83% | 1.82% | 1.76% | 1.69% |
| ██▁▁▁▆▄▂ | NPA / Assets (%) | 0.75% | 0.70% | 0.11% | 0.10% | 0.09% | 0.56% | 0.39% | 0.21% |
| ██▁▁▁▆▄▁ | Net Charge-Off Ratio (%) | 1.00% | 0.93% | 0.14% | 0.13% | 0.12% | 0.75% | 0.52% | 0.20% |
| ▁▄▂▄▄▇██ | Tang. Book Value ($M) | $63 | $66 | $65 | $67 | $67 | $70 | $72 | $71 |
| ▂▁▃▂▄▆██ | Gross Loans ($M) | $538 | $528 | $542 | $537 | $551 | $562 | $575 | $573 |
| ▂▁▁▃▄▄▇█ | Total Deposits ($M) | $621 | $607 | $608 | $631 | $638 | $641 | $667 | $680 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 19% |
| Agricultural | 12% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 11% |