Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.96% | -0.01 | 1.97% |
| Return on Equity (%) | ▲ | 21.04% | +1.79 | 19.25% |
| Net Interest Margin (%) | ▼ | 4.86% | -0.04 | 4.90% |
| Efficiency Ratio (%) | ▼ | 45.58% | +1.45 | 44.12% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.29 | $4 |
| Cost of Funds (%) | ▲ | 1.07% | -0.25 | 1.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $611 | +19.34 | $592 |
| Gross Loans ($M) | ▲ | $416 | +18.39 | $398 |
| Loan Growth YoY (%) | ▲ | 82.87% | +0.38 | 82.49% |
| Total Deposits ($M) | ▲ | $497 | +19.85 | $478 |
| Shareholders Equity ($M) | ▼ | $58 | -3.17 | $61 |
| Tang. Book Value ($M) | ▼ | $52 | -2.71 | $55 |
| TBV excl. AOCI ($M)** | ▼ | $59 | -2.95 | $62 |
| Loan / Deposit Ratio (%) | ▲ | 82.87% | +0.38 | 82.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.79% | -0.17 | 0.97% |
| Allowance / Loans (%) | — | 0.98% | -0.01% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 1.16% | -0.28 | 1.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.94% | -1.94 | 15.88% |
Noninterest income ($1.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▇█▇▇▇ | Net Interest Margin (%) | 4.47% | 4.57% | 4.72% | 4.90% | 4.98% | 4.88% | 4.88% | 4.86% |
| ▇▇▁██▅▃█ | Return on Assets (%) | 1.92% | 1.90% | 1.42% | 1.97% | 2.03% | 1.78% | 1.59% | 1.96% |
| ▂▃▆▁▄▂█▄ | Efficiency Ratio (%) | 44.9% | 45.0% | 46.3% | 44.1% | 45.8% | 44.9% | 47.5% | 45.6% |
| ██▅▄▃▄▃▁ | Cost of Funds (%) | 1.60% | 1.63% | 1.39% | 1.32% | 1.26% | 1.33% | 1.23% | 1.07% |
| ▃█▁█▇▅▆▆ | NPA / Assets (%) | 0.56% | 0.96% | 0.40% | 0.97% | 0.88% | 0.75% | 0.79% | 0.79% |
| ▃█▁██▆▆▆ | Net Charge-Off Ratio (%) | 0.81% | 1.43% | 0.55% | 1.44% | 1.34% | 1.16% | 1.17% | 1.16% |
| ▁▇▆█▇▂▁▃ | Tang. Book Value ($M) | $51 | $54 | $53 | $55 | $54 | $51 | $50 | $52 |
| ▄▄▇▃▁▅██ | Gross Loans ($M) | $403 | $404 | $412 | $398 | $387 | $404 | $420 | $416 |
| ▃▄▁▁▃█▄▄ | Total Deposits ($M) | $495 | $499 | $481 | $478 | $490 | $526 | $501 | $497 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 50% |
| C&I / Commercial | 33% |
| Agricultural | 15% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 2% |