Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.32 | 0.90% |
| Return on Equity (%) | ▲ | 15.16% | +2.20 | 12.96% |
| Net Interest Margin (%) | ▲ | 3.89% | +0.64 | 3.25% |
| Efficiency Ratio (%) | ▲ | 69.27% | -5.19 | 74.46% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.43 | $1 |
| Cost of Funds (%) | ▲ | 1.10% | -0.20 | 1.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $426 | -5.52 | $431 |
| Gross Loans ($M) | ▲ | $292 | +5.43 | $287 |
| Loan Growth YoY (%) | ▲ | 74.21% | +2.99 | 71.21% |
| Total Deposits ($M) | ▼ | $388 | -9.13 | $397 |
| Shareholders Equity ($M) | ▲ | $34 | +3.74 | $31 |
| Tang. Book Value ($M) | ▲ | $33 | +3.78 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +3.53 | $35 |
| Loan / Deposit Ratio (%) | ▲ | 74.21% | +2.99 | 71.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.96% | -0.26 | 1.22% |
| Allowance / Loans (%) | — | 1.33% | 0.08% | 1.25% |
| Net Charge-Off Ratio (%) | ▲ | 1.40% | -0.09 | 1.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.37% | +0.03 | 13.35% |
Noninterest income ($1.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▅█ | Net Interest Margin (%) | 2.98% | 3.03% | 3.07% | 3.25% | 3.34% | 3.44% | 3.52% | 3.89% |
| ▁▁▃▄▄▄▅█ | Return on Assets (%) | 0.65% | 0.70% | 0.81% | 0.90% | 0.91% | 0.92% | 0.95% | 1.22% |
| ██▆▆▄▃▂▁ | Efficiency Ratio (%) | 77.3% | 76.5% | 74.6% | 74.5% | 73.0% | 72.2% | 71.3% | 69.3% |
| ▆█▇▅▄▃▂▁ | Cost of Funds (%) | 1.38% | 1.48% | 1.40% | 1.30% | 1.26% | 1.20% | 1.16% | 1.10% |
| ▁████▇▆▅ | NPA / Assets (%) | 0.58% | 1.20% | 1.20% | 1.22% | 1.28% | 1.11% | 1.03% | 0.96% |
| ▁████▇▆▇ | Net Charge-Off Ratio (%) | 0.58% | 1.50% | 1.48% | 1.49% | 1.54% | 1.33% | 1.19% | 1.40% |
| ▁▄▄▄▅▇██ | Tang. Book Value ($M) | $25 | $29 | $28 | $29 | $30 | $32 | $33 | $33 |
| ▅▄▆▁▆█▇█ | Gross Loans ($M) | $290 | $289 | $291 | $287 | $290 | $292 | $291 | $292 |
| █▅▅▂▁▃▂▁ | Total Deposits ($M) | $431 | $412 | $410 | $397 | $393 | $402 | $395 | $388 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 51% |
| C&I / Commercial | 6% |
| Agricultural | 2% |
| Consumer | 39% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 3% |