Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.45% | +0.31 | 2.14% |
| Return on Equity (%) | ▼ | 26.61% | -1.39 | 28.00% |
| Net Interest Margin (%) | ▲ | 3.30% | +0.25 | 3.05% |
| Efficiency Ratio (%) | ▲ | 46.19% | -1.14 | 47.33% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.32 | $4 |
| Cost of Funds (%) | ▲ | 1.09% | -0.17 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $660 | +14.38 | $646 |
| Gross Loans ($M) | ▼ | $292 | -18.12 | $310 |
| Loan Growth YoY (%) | ▼ | 49.00% | -3.79 | 52.79% |
| Total Deposits ($M) | ▲ | $584 | +9.65 | $575 |
| Shareholders Equity ($M) | ▲ | $60 | +9.68 | $50 |
| Tang. Book Value ($M) | ▲ | $60 | +9.68 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $76 | +11.50 | $64 |
| Loan / Deposit Ratio (%) | ▼ | 49.00% | -3.79 | 52.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.81% | -0.18 | 0.99% |
| Allowance / Loans (%) | — | 1.79% | -0.24% | 2.04% |
| Net Charge-Off Ratio (%) | ▲ | 1.64% | -0.42 | 2.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.11% | +1.36 | 20.75% |
Noninterest income ($2.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▇█ | Net Interest Margin (%) | 2.75% | 2.78% | 2.81% | 3.05% | 3.10% | 3.14% | 3.18% | 3.30% |
| ▁▂▁▁▃▆█▇ | Return on Assets (%) | 2.18% | 2.19% | 2.17% | 2.14% | 2.27% | 2.37% | 2.50% | 2.45% |
| ██▇▅▄▂▁▃ | Efficiency Ratio (%) | 49.6% | 49.2% | 48.9% | 47.3% | 46.6% | 45.8% | 44.7% | 46.2% |
| ██▇▄▄▄▂▁ | Cost of Funds (%) | 1.53% | 1.52% | 1.45% | 1.26% | 1.27% | 1.27% | 1.18% | 1.09% |
| ▂▃▄▄█▃▁▂ | NPA / Assets (%) | 0.81% | 0.91% | 1.02% | 0.99% | 1.38% | 0.90% | 0.71% | 0.81% |
| ▂▃▅▅█▁▁▂ | Net Charge-Off Ratio (%) | 1.61% | 1.84% | 2.09% | 2.06% | 2.78% | 1.29% | 1.35% | 1.64% |
| ▁▄▂▄▃▆██ | Tang. Book Value ($M) | $43 | $51 | $47 | $50 | $47 | $55 | $60 | $60 |
| ▅▅▆▇█▃▂▁ | Gross Loans ($M) | $304 | $305 | $307 | $310 | $315 | $300 | $297 | $292 |
| ▁▂▅▇▆▄▆█ | Total Deposits ($M) | $540 | $546 | $564 | $575 | $569 | $557 | $568 | $584 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 25% |
| Agricultural | 12% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 8% |