Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.53% | +0.17 | 1.36% |
| Return on Equity (%) | ▲ | 12.06% | +0.70 | 11.36% |
| Net Interest Margin (%) | ▼ | 5.16% | -0.07 | 5.23% |
| Efficiency Ratio (%) | ▲ | 62.39% | -4.29 | 66.69% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.45 | $3 |
| Cost of Funds (%) | ▼ | 0.61% | +0.10 | 0.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $590 | +13.62 | $576 |
| Gross Loans ($M) | ▲ | $383 | +34.81 | $348 |
| Loan Growth YoY (%) | ▲ | 74.14% | +5.91 | 68.22% |
| Total Deposits ($M) | ▲ | $510 | +7.31 | $503 |
| Shareholders Equity ($M) | ▲ | $77 | +6.25 | $70 |
| Tang. Book Value ($M) | ▲ | $66 | +6.25 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $71 | +5.64 | $65 |
| Loan / Deposit Ratio (%) | ▲ | 74.14% | +5.91 | 68.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.48% | +0.34 | 0.14% |
| Allowance / Loans (%) | — | 1.16% | -0.22% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 0.74% | +0.68 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.55% | +0.15 | 17.41% |
Noninterest income ($1.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▇██▆▄ | Net Interest Margin (%) | 5.04% | 5.08% | 5.09% | 5.23% | 5.29% | 5.29% | 5.21% | 5.16% |
| █▇▆▄▄▄▁▆ | Return on Assets (%) | 1.68% | 1.58% | 1.50% | 1.36% | 1.37% | 1.36% | 1.13% | 1.53% |
| ▁▃▄▇███▃ | Efficiency Ratio (%) | 60.2% | 62.1% | 63.7% | 66.7% | 66.9% | 67.0% | 67.7% | 62.4% |
| ▂▃▁▁▃▆▇█ | Cost of Funds (%) | 0.54% | 0.55% | 0.51% | 0.51% | 0.55% | 0.58% | 0.59% | 0.61% |
| █▄▂▁▂▁▄▇ | NPA / Assets (%) | 0.59% | 0.30% | 0.16% | 0.14% | 0.18% | 0.08% | 0.33% | 0.48% |
| █▄▁▁▁▁▅▆ | Net Charge-Off Ratio (%) | 0.98% | 0.49% | 0.11% | 0.06% | 0.12% | 0.12% | 0.54% | 0.74% |
| ▂▅▁▃▅▇▇█ | Tang. Book Value ($M) | $59 | $62 | $57 | $60 | $62 | $65 | $65 | $66 |
| ▂▂▁▃▄▅▇█ | Gross Loans ($M) | $336 | $338 | $329 | $348 | $352 | $357 | $370 | $383 |
| ▃▁▅▅▂▁█▆ | Total Deposits ($M) | $485 | $469 | $505 | $503 | $481 | $474 | $529 | $510 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 6% |
| Agricultural | 3% |
| Consumer | 5% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 4% |