Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.18% | -0.16 | 2.34% |
| Return on Equity (%) | ▼ | 18.91% | -2.19 | 21.10% |
| Net Interest Margin (%) | ▼ | 4.56% | -0.09 | 4.65% |
| Efficiency Ratio (%) | ▲ | 46.10% | -7.57 | 53.66% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.87 | $2 |
| Cost of Funds (%) | ▼ | 1.62% | +0.16 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $432 | +39.65 | $392 |
| Gross Loans ($M) | ▲ | $343 | +23.54 | $319 |
| Loan Growth YoY (%) | ▼ | 92.87% | -3.75 | 96.62% |
| Total Deposits ($M) | ▲ | $365 | +38.52 | $327 |
| Shareholders Equity ($M) | ▲ | $50 | +6.98 | $43 |
| Tang. Book Value ($M) | ▲ | $47 | +6.87 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +7.47 | $42 |
| Loan / Deposit Ratio (%) | ▼ | 92.87% | -3.75 | 96.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.66% | +0.11 | 0.56% |
| Allowance / Loans (%) | — | 1.05% | -0.07% | 1.12% |
| Net Charge-Off Ratio (%) | ▼ | 0.84% | +0.15 | 0.68% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.28% | +1.21 | 15.07% |
Noninterest income ($1.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▅▇▇██▅ | Net Interest Margin (%) | 4.33% | 4.49% | 4.55% | 4.65% | 4.68% | 4.73% | 4.73% | 4.56% |
| ▁▆█▅█▇▄▁ | Return on Assets (%) | 2.16% | 2.41% | 2.49% | 2.34% | 2.50% | 2.45% | 2.31% | 2.18% |
| ▅▄▂█▅▆█▁ | Efficiency Ratio (%) | 50.7% | 49.2% | 47.8% | 53.7% | 50.9% | 51.3% | 53.9% | 46.1% |
| ▇▄▁▂▆█▇█ | Cost of Funds (%) | 1.59% | 1.51% | 1.43% | 1.46% | 1.56% | 1.63% | 1.59% | 1.62% |
| ▅▁▄▃▆█▅▅ | NPA / Assets (%) | 0.67% | 0.37% | 0.60% | 0.56% | 0.78% | 0.94% | 0.67% | 0.66% |
| ▅▁▄▃▆█▅▅ | Net Charge-Off Ratio (%) | 0.83% | 0.46% | 0.74% | 0.68% | 0.96% | 1.14% | 0.81% | 0.84% |
| ▁▃▃▃▅▇██ | Tang. Book Value ($M) | $36 | $40 | $39 | $40 | $42 | $45 | $47 | $47 |
| ▁▁▂▄▆▇█▇ | Gross Loans ($M) | $293 | $295 | $305 | $319 | $330 | $341 | $352 | $343 |
| ▂▂▁▃▄▅▅█ | Total Deposits ($M) | $320 | $320 | $308 | $327 | $333 | $343 | $341 | $365 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 11% |
| Agricultural | 5% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 16% |