Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.64% | +0.09 | 1.55% |
| Return on Equity (%) | ▲ | 12.00% | +0.23 | 11.77% |
| Net Interest Margin (%) | ▲ | 4.24% | +0.06 | 4.19% |
| Efficiency Ratio (%) | ▼ | 54.91% | +0.84 | 54.07% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.31 | $5 |
| Cost of Funds (%) | ▲ | 1.05% | -0.05 | 1.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $909 | +50.55 | $858 |
| Gross Loans ($M) | ▲ | $603 | +32.28 | $571 |
| Loan Growth YoY (%) | ▲ | 77.43% | +1.06 | 76.36% |
| Total Deposits ($M) | ▲ | $769 | +32.28 | $736 |
| Shareholders Equity ($M) | ▲ | $124 | +9.03 | $115 |
| Tang. Book Value ($M) | ▲ | $123 | +9.13 | $114 |
| TBV excl. AOCI ($M)** | ▲ | $132 | +8.44 | $123 |
| Loan / Deposit Ratio (%) | ▲ | 77.43% | +1.06 | 76.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.01% | +0.15 | 0.85% |
| Allowance / Loans (%) | — | 1.39% | -0.17% | 1.56% |
| Net Charge-Off Ratio (%) | ▲ | 0.59% | -0.69 | 1.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▄▆▇█▆ | Net Interest Margin (%) | 4.07% | 4.14% | 4.20% | 4.19% | 4.24% | 4.29% | 4.34% | 4.24% |
| ▇▇█▄▆▁█▅ | Return on Assets (%) | 1.74% | 1.74% | 1.81% | 1.55% | 1.67% | 1.40% | 1.77% | 1.64% |
| ▁▂▂█▆▇▆█ | Efficiency Ratio (%) | 47.3% | 49.1% | 48.3% | 54.1% | 52.3% | 53.9% | 52.8% | 54.9% |
| ▇█▄▂▁▃▂▁ | Cost of Funds (%) | 1.34% | 1.42% | 1.19% | 1.10% | 1.03% | 1.15% | 1.10% | 1.05% |
| ▁▁▇▇▇███ | NPA / Assets (%) | 0.10% | 0.11% | 0.85% | 0.85% | 0.85% | 1.02% | 1.04% | 1.01% |
| ▁▁███▃▄▄ | Net Charge-Off Ratio (%) | 0.16% | 0.18% | 1.24% | 1.28% | 1.26% | 0.55% | 0.59% | 0.59% |
| ▁▂▄▅▆▆▇█ | Tang. Book Value ($M) | $101 | $106 | $111 | $114 | $117 | $116 | $121 | $123 |
| ▁▁▄▂▆██▇ | Gross Loans ($M) | $563 | $566 | $587 | $571 | $597 | $615 | $614 | $603 |
| ▄▁▆▅▇▆▆█ | Total Deposits ($M) | $729 | $704 | $746 | $736 | $755 | $749 | $752 | $769 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 6% |
| Agricultural | 1% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 8% |