Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.69% | +0.50 | 1.19% |
| Return on Equity (%) | ▲ | 17.54% | +3.25 | 14.29% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.52 | 3.22% |
| Efficiency Ratio (%) | ▲ | 49.47% | -4.40 | 53.87% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.79 | $3 |
| Cost of Funds (%) | ▲ | 1.43% | -0.19 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $620 | -14.11 | $634 |
| Gross Loans ($M) | ▲ | $490 | +20.26 | $470 |
| Loan Growth YoY (%) | ▲ | 90.70% | +4.53 | 86.17% |
| Total Deposits ($M) | ▼ | $536 | -5.92 | $542 |
| Shareholders Equity ($M) | ▲ | $61 | +6.52 | $55 |
| Tang. Book Value ($M) | ▲ | $50 | +6.58 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +4.99 | $50 |
| Loan / Deposit Ratio (%) | ▲ | 90.70% | +4.53 | 86.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.28% | -0.75 | 1.03% |
| Allowance / Loans (%) | — | 0.73% | 0.20% | 0.53% |
| Net Charge-Off Ratio (%) | ▲ | 0.28% | -1.02 | 1.30% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.47% | -0.22 | 13.68% |
Noninterest income ($1.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▅█ | Net Interest Margin (%) | 2.97% | 2.95% | 2.99% | 3.22% | 3.31% | 3.34% | 3.38% | 3.74% |
| ▁▁▂▄▅▅▆█ | Return on Assets (%) | 0.87% | 0.96% | 0.99% | 1.19% | 1.29% | 1.30% | 1.42% | 1.69% |
| ▆▄▆▇██▆▁ | Efficiency Ratio (%) | 53.1% | 51.9% | 53.0% | 53.9% | 54.6% | 55.2% | 53.1% | 49.5% |
| ▆█▆▅▂▄▅▁ | Cost of Funds (%) | 1.66% | 1.79% | 1.70% | 1.62% | 1.51% | 1.57% | 1.63% | 1.43% |
| ▃▄▇███▁▁ | NPA / Assets (%) | 0.53% | 0.61% | 0.98% | 1.03% | 1.05% | 1.12% | 0.19% | 0.28% |
| ▄▅██▁▁▁▂ | Net Charge-Off Ratio (%) | 0.67% | 0.72% | 1.27% | 1.30% | 0.11% | 0.26% | 0.17% | 0.28% |
| ▁▅▁▃▄███ | Tang. Book Value ($M) | $40 | $45 | $41 | $43 | $45 | $49 | $49 | $50 |
| ▁▁▂▁▁▆██ | Gross Loans ($M) | $470 | $471 | $473 | $470 | $471 | $485 | $492 | $490 |
| ▆██▅▆▁▇▃ | Total Deposits ($M) | $551 | $560 | $559 | $542 | $550 | $524 | $553 | $536 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 10% |
| Agricultural | 13% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 7% |