Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.17% | +0.76 | 0.41% |
| Return on Equity (%) | ▲ | 12.42% | +7.47 | 4.95% |
| Net Interest Margin (%) | ▲ | 2.89% | +0.65 | 2.23% |
| Efficiency Ratio (%) | ▲ | 56.97% | -11.63 | 68.60% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.67 | $2 |
| Cost of Funds (%) | ▲ | 1.26% | -0.19 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,092 | -24.78 | $1,117 |
| Gross Loans ($M) | ▼ | $675 | -17.94 | $693 |
| Loan Growth YoY (%) | ▲ | 70.89% | +0.59 | 70.29% |
| Total Deposits ($M) | ▼ | $939 | -32.36 | $972 |
| Shareholders Equity ($M) | ▲ | $103 | +10.00 | $93 |
| Tang. Book Value ($M) | ▲ | $99 | +10.14 | $89 |
| TBV excl. AOCI ($M)** | ▲ | $116 | +12.04 | $104 |
| Loan / Deposit Ratio (%) | ▲ | 70.89% | +0.59 | 70.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.87% | -0.23 | 1.10% |
| Allowance / Loans (%) | — | 1.32% | -0.08% | 1.40% |
| Net Charge-Off Ratio (%) | ▲ | 1.41% | -0.37 | 1.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.59% | +1.17 | 13.42% |
Noninterest income ($1.79M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▄▅▆█ | Net Interest Margin (%) | 1.77% | 1.81% | 1.88% | 2.23% | 2.33% | 2.41% | 2.51% | 2.89% |
| ▁▁▂▁▄▄▆█ | Return on Assets (%) | 0.34% | 0.40% | 0.47% | 0.41% | 0.68% | 0.72% | 0.91% | 1.17% |
| ██▇▄▃▃▂▁ | Efficiency Ratio (%) | 82.5% | 81.9% | 78.9% | 68.6% | 65.8% | 64.2% | 62.0% | 57.0% |
| ██▆▃▄▃▁▁ | Cost of Funds (%) | 1.84% | 1.81% | 1.65% | 1.45% | 1.48% | 1.41% | 1.31% | 1.26% |
| ▁▇▃▅▄█▁▁ | NPA / Assets (%) | 0.89% | 1.17% | 1.01% | 1.10% | 1.04% | 1.27% | 0.88% | 0.87% |
| ▁▆▃▆▄█▁▁ | Net Charge-Off Ratio (%) | 1.43% | 1.83% | 1.63% | 1.78% | 1.63% | 1.98% | 1.43% | 1.41% |
| ▁▄▂▄▆▇██ | Tang. Book Value ($M) | $80 | $89 | $85 | $89 | $93 | $96 | $100 | $99 |
| ▆█▇█▁▃▃▁ | Gross Loans ($M) | $687 | $693 | $689 | $693 | $676 | $680 | $681 | $675 |
| ▄▁▇█▂▂▆▅ | Total Deposits ($M) | $935 | $905 | $957 | $972 | $918 | $915 | $953 | $939 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 4% |