Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.35% | +1.78 | 0.57% |
| Return on Equity (%) | ▲ | 24.32% | +18.03 | 6.29% |
| Net Interest Margin (%) | ▲ | 4.41% | +0.33 | 4.07% |
| Efficiency Ratio (%) | ▲ | 46.51% | -27.21 | 73.72% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.44 | $1 |
| Cost of Funds (%) | ▲ | 1.61% | -0.21 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $446 | +10.19 | $436 |
| Gross Loans ($M) | ▼ | $306 | -4.39 | $311 |
| Loan Growth YoY (%) | ▼ | 77.04% | -4.26 | 81.30% |
| Total Deposits ($M) | ▲ | $392 | +14.24 | $377 |
| Shareholders Equity ($M) | ▲ | $42 | +2.35 | $40 |
| Tang. Book Value ($M) | ▲ | $38 | +2.63 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +2.27 | $39 |
| Loan / Deposit Ratio (%) | ▼ | 77.04% | -4.26 | 81.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.43% | -0.06 | 0.50% |
| Allowance / Loans (%) | — | 1.50% | 0.26% | 1.25% |
| Net Charge-Off Ratio (%) | ▲ | 0.49% | -0.17 | 0.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.24% | +1.29 | 10.95% |
Noninterest income ($2.16M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▄▁▁▂▄█ | Net Interest Margin (%) | 4.17% | 4.18% | 4.21% | 4.07% | 4.11% | 4.15% | 4.20% | 4.41% |
| ▂▁▁▁▁▁▁█ | Return on Assets (%) | 0.80% | 0.76% | 0.75% | 0.57% | 0.62% | 0.68% | 0.68% | 2.35% |
| ███████▁ | Efficiency Ratio (%) | 71.2% | 72.1% | 72.0% | 73.7% | 72.3% | 72.2% | 71.4% | 46.5% |
| ▁▃▁▇▇█▄▂ | Cost of Funds (%) | 1.56% | 1.67% | 1.57% | 1.82% | 1.83% | 1.88% | 1.72% | 1.61% |
| ▃▁█▅▄▇▃▂ | NPA / Assets (%) | 0.46% | 0.40% | 0.57% | 0.50% | 0.48% | 0.55% | 0.46% | 0.43% |
| ▁▂█▆▅█▂▁ | Net Charge-Off Ratio (%) | 0.45% | 0.52% | 0.74% | 0.65% | 0.61% | 0.74% | 0.50% | 0.49% |
| ▁▃▃▄▅▇█▇ | Tang. Book Value ($M) | $32 | $34 | $34 | $35 | $36 | $38 | $39 | $38 |
| ▁▂▇▆▆▇█▅ | Gross Loans ($M) | $285 | $293 | $315 | $311 | $310 | $317 | $323 | $306 |
| ▂▂▁▆▇▇██ | Total Deposits ($M) | $360 | $357 | $352 | $377 | $386 | $384 | $389 | $392 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 18% |
| Agricultural | 9% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 11% |