Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.64% | -0.12 | 1.76% |
| Return on Equity (%) | ▼ | 19.07% | -4.02 | 23.09% |
| Net Interest Margin (%) | ▼ | 3.87% | -0.00 | 3.87% |
| Efficiency Ratio (%) | ▼ | 63.50% | +3.47 | 60.03% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.12 | $2 |
| Cost of Funds (%) | ▲ | 0.75% | -0.02 | 0.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $507 | -1.24 | $508 |
| Gross Loans ($M) | ▲ | $200 | +15.19 | $185 |
| Loan Growth YoY (%) | ▲ | 42.96% | +3.78 | 39.18% |
| Total Deposits ($M) | ▼ | $459 | -6.15 | $466 |
| Shareholders Equity ($M) | ▲ | $43 | +4.86 | $39 |
| Tang. Book Value ($M) | ▲ | $42 | +4.98 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $51 | +6.03 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 42.96% | +3.78 | 39.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.05 | 0.21% |
| Allowance / Loans (%) | — | 1.18% | 0.03% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.39% | -0.14 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 21.84% | -0.21 | 22.05% |
Noninterest income ($1.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▃▅▅▁ | Net Interest Margin (%) | 4.07% | 4.09% | 4.08% | 3.87% | 3.95% | 3.98% | 3.99% | 3.87% |
| ███▄▅▅▄▁ | Return on Assets (%) | 1.94% | 1.92% | 1.92% | 1.76% | 1.83% | 1.83% | 1.79% | 1.64% |
| ▁▁▁▄▃▄▄█ | Efficiency Ratio (%) | 57.6% | 58.0% | 58.1% | 60.0% | 59.4% | 59.9% | 60.3% | 63.5% |
| ▂██▂▅▆▄▁ | Cost of Funds (%) | 0.76% | 0.83% | 0.84% | 0.77% | 0.80% | 0.81% | 0.79% | 0.75% |
| ██▆▄▁▁▄▁ | NPA / Assets (%) | 0.28% | 0.28% | 0.24% | 0.21% | 0.16% | 0.14% | 0.20% | 0.15% |
| █▇█▆▃▁▅▁ | Net Charge-Off Ratio (%) | 0.56% | 0.55% | 0.58% | 0.53% | 0.44% | 0.40% | 0.50% | 0.39% |
| ▁▄▃▄▅███ | Tang. Book Value ($M) | $32 | $36 | $35 | $37 | $38 | $41 | $42 | $42 |
| ▂▃▅▁▁▂█▇ | Gross Loans ($M) | $189 | $190 | $195 | $185 | $186 | $187 | $203 | $200 |
| ▃▁▁▇█▇▅▆ | Total Deposits ($M) | $446 | $440 | $437 | $466 | $471 | $465 | $456 | $459 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 4% |
| Agricultural | 8% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 13% |