Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.28% | +0.25 | 1.02% |
| Return on Equity (%) | ▲ | 12.98% | +0.74 | 12.24% |
| Net Interest Margin (%) | ▲ | 3.49% | +0.22 | 3.27% |
| Efficiency Ratio (%) | ▲ | 55.72% | -4.80 | 60.52% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.76 | $3 |
| Cost of Funds (%) | ▲ | 1.73% | -0.36 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $928 | -6.52 | $935 |
| Gross Loans ($M) | ▲ | $587 | +0.65 | $586 |
| Loan Growth YoY (%) | ▲ | 71.73% | +0.44 | 71.29% |
| Total Deposits ($M) | ▼ | $808 | -4.40 | $812 |
| Shareholders Equity ($M) | ▲ | $96 | +13.09 | $83 |
| Tang. Book Value ($M) | ▲ | $89 | +13.09 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $101 | +13.55 | $87 |
| Loan / Deposit Ratio (%) | ▲ | 71.73% | +0.44 | 71.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.72% | -0.09 | 0.81% |
| Allowance / Loans (%) | — | 1.20% | 0.03% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 0.40% | -0.55 | 0.95% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇▇▇█ | Net Interest Margin (%) | 2.96% | 3.01% | 3.04% | 3.27% | 3.37% | 3.39% | 3.37% | 3.49% |
| ▁▁▁▂▅▅▄█ | Return on Assets (%) | 0.97% | 0.98% | 0.95% | 1.02% | 1.14% | 1.13% | 1.11% | 1.28% |
| ███▆▃▃▃▁ | Efficiency Ratio (%) | 62.4% | 62.1% | 62.8% | 60.5% | 58.4% | 57.8% | 58.3% | 55.7% |
| ██▅▆▆▅▂▁ | Cost of Funds (%) | 2.22% | 2.27% | 2.04% | 2.10% | 2.08% | 2.06% | 1.83% | 1.73% |
| ▁▃█████▇ | NPA / Assets (%) | 0.09% | 0.34% | 0.76% | 0.81% | 0.77% | 0.81% | 0.77% | 0.72% |
| ▁▄██▇█▃▃ | Net Charge-Off Ratio (%) | 0.15% | 0.57% | 0.91% | 0.95% | 0.89% | 1.00% | 0.45% | 0.40% |
| ▁▄▁▄▄▇██ | Tang. Book Value ($M) | $67 | $77 | $70 | $76 | $77 | $85 | $87 | $89 |
| ▁▃█▇█▇▆▇ | Gross Loans ($M) | $540 | $558 | $593 | $586 | $595 | $586 | $579 | $587 |
| ▁▁▆▃▄▄█▃ | Total Deposits ($M) | $775 | $787 | $854 | $812 | $822 | $823 | $885 | $808 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 11% |
| Agricultural | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 16% |