Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.21 | 0.94% |
| Return on Equity (%) | ▲ | 10.71% | +0.74 | 9.97% |
| Net Interest Margin (%) | ▲ | 3.62% | +0.44 | 3.18% |
| Efficiency Ratio (%) | ▲ | 69.96% | -0.60 | 70.56% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.30 | $2 |
| Cost of Funds (%) | ▲ | 1.57% | -0.26 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $728 | -3.53 | $731 |
| Gross Loans ($M) | ▼ | $513 | -9.87 | $523 |
| Loan Growth YoY (%) | ▼ | 80.22% | -0.78 | 81.01% |
| Total Deposits ($M) | ▼ | $630 | -6.82 | $637 |
| Shareholders Equity ($M) | ▲ | $78 | +7.29 | $71 |
| Tang. Book Value ($M) | ▲ | $67 | +7.47 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +7.92 | $67 |
| Loan / Deposit Ratio (%) | ▼ | 80.22% | -0.78 | 81.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.51% | -0.03 | 0.53% |
| Allowance / Loans (%) | — | 1.49% | 0.14% | 1.34% |
| Net Charge-Off Ratio (%) | ▲ | 0.72% | -0.03 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.77% | +0.53 | 12.24% |
Noninterest income ($1.37M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▆▇█ | Net Interest Margin (%) | 2.87% | 2.95% | 2.97% | 3.18% | 3.35% | 3.40% | 3.45% | 3.62% |
| ▁▂▂▂▇██▇ | Return on Assets (%) | 0.86% | 0.93% | 0.92% | 0.94% | 1.18% | 1.19% | 1.23% | 1.15% |
| █▇▆█▁▂▁▇ | Efficiency Ratio (%) | 70.8% | 69.7% | 69.0% | 70.6% | 65.9% | 66.2% | 65.4% | 70.0% |
| ▇██▆▄▂▁▁ | Cost of Funds (%) | 1.91% | 1.96% | 1.96% | 1.83% | 1.72% | 1.66% | 1.61% | 1.57% |
| ▁▂▄▃▂█▂▃ | NPA / Assets (%) | 0.23% | 0.46% | 0.59% | 0.53% | 0.41% | 1.17% | 0.38% | 0.51% |
| ▁▂▃▃▂█▂▃ | Net Charge-Off Ratio (%) | 0.34% | 0.65% | 0.83% | 0.75% | 0.58% | 1.69% | 0.53% | 0.72% |
| ▁▄▄▅▆▇██ | Tang. Book Value ($M) | $50 | $59 | $58 | $60 | $63 | $66 | $69 | $67 |
| ███▆▃▁▆▃ | Gross Loans ($M) | $532 | $532 | $534 | $523 | $513 | $502 | $523 | $513 |
| █▂▅▅▃▁▅▄ | Total Deposits ($M) | $664 | $621 | $637 | $637 | $627 | $609 | $638 | $630 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 17% |
| Agricultural | 11% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 11% |