Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.86% | +0.83 | 1.03% |
| Return on Equity (%) | ▲ | 23.09% | +9.57 | 13.52% |
| Net Interest Margin (%) | ▲ | 3.08% | +0.41 | 2.67% |
| Efficiency Ratio (%) | ▲ | 50.55% | -8.71 | 59.26% |
| Pre-Provision Profit ($M) | ▲ | $6 | +2.94 | $3 |
| Cost of Funds (%) | ▲ | 2.97% | -0.16 | 3.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $895 | +42.92 | $852 |
| Gross Loans ($M) | ▲ | $698 | +30.71 | $667 |
| Loan Growth YoY (%) | ▼ | 96.08% | -4.04 | 100.12% |
| Total Deposits ($M) | ▲ | $715 | +58.61 | $657 |
| Shareholders Equity ($M) | ▲ | $73 | +6.98 | $66 |
| Tang. Book Value ($M) | ▲ | $71 | +7.18 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $76 | +7.55 | $68 |
| Loan / Deposit Ratio (%) | ▼ | 96.08% | -4.04 | 100.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.83% | +0.75 | 1.07% |
| Allowance / Loans (%) | — | 1.51% | 0.07% | 1.44% |
| Net Charge-Off Ratio (%) | ▼ | 1.45% | +0.08 | 1.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.62% | -0.22 | 10.84% |
Noninterest income ($6.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▃▂▁▁▄▅█ | Net Interest Margin (%) | 2.82% | 2.80% | 2.75% | 2.67% | 2.64% | 2.82% | 2.92% | 3.08% |
| ▁▁▂▂▂▄▃█ | Return on Assets (%) | 0.86% | 0.94% | 1.00% | 1.03% | 1.04% | 1.30% | 1.22% | 1.86% |
| ██▇▆▇▅▆▁ | Efficiency Ratio (%) | 64.2% | 63.1% | 62.4% | 59.3% | 61.0% | 57.4% | 59.8% | 50.5% |
| ▅█▇▃▄▃▅▁ | Cost of Funds (%) | 3.30% | 3.51% | 3.41% | 3.13% | 3.17% | 3.13% | 3.27% | 2.97% |
| ▅▇▅▃▄▁▅█ | NPA / Assets (%) | 1.31% | 1.61% | 1.42% | 1.07% | 1.17% | 0.75% | 1.32% | 1.83% |
| ▃██▇█▁▇█ | Net Charge-Off Ratio (%) | 1.05% | 1.44% | 1.41% | 1.37% | 1.49% | 0.81% | 1.36% | 1.45% |
| ▁▃▂▄▄▇▇█ | Tang. Book Value ($M) | $59 | $62 | $62 | $64 | $64 | $68 | $69 | $71 |
| ▁▁▁▃▄█▅▆ | Gross Loans ($M) | $649 | $653 | $646 | $667 | $684 | $727 | $691 | $698 |
| ▁▂▃▃▆▇▇█ | Total Deposits ($M) | $635 | $648 | $660 | $657 | $691 | $696 | $704 | $715 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 11% |
| Agricultural | 7% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 15% |