Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.20% | +0.30 | 0.90% |
| Return on Equity (%) | ▲ | 11.62% | +2.70 | 8.92% |
| Net Interest Margin (%) | ▲ | 4.29% | +0.29 | 4.00% |
| Efficiency Ratio (%) | ▲ | 62.96% | -11.81 | 74.78% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.92 | $2 |
| Cost of Funds (%) | ▲ | 2.09% | -0.20 | 2.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $953 | +95.83 | $857 |
| Gross Loans ($M) | ▲ | $685 | +32.44 | $653 |
| Loan Growth YoY (%) | ▼ | 82.13% | -5.10 | 87.23% |
| Total Deposits ($M) | ▲ | $825 | +84.83 | $740 |
| Shareholders Equity ($M) | ▲ | $100 | +12.01 | $88 |
| Tang. Book Value ($M) | ▲ | $100 | +12.01 | $88 |
| TBV excl. AOCI ($M)** | ▲ | $107 | +12.67 | $95 |
| Loan / Deposit Ratio (%) | ▼ | 82.13% | -5.10 | 87.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.28% | -1.88 | 2.16% |
| Allowance / Loans (%) | — | 1.09% | 0.03% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.36% | -2.48 | 2.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.01M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 3.80% | 3.82% | 3.90% | 4.00% | 4.12% | 4.21% | 4.28% | 4.29% |
| ██▇▁▆▆▇█ | Return on Assets (%) | 1.21% | 1.23% | 1.17% | 0.90% | 1.13% | 1.14% | 1.15% | 1.20% |
| ▅▅▅█▄▅▅▁ | Efficiency Ratio (%) | 69.4% | 69.1% | 69.6% | 74.8% | 68.7% | 70.2% | 70.3% | 63.0% |
| ███▄▂▄▂▁ | Cost of Funds (%) | 2.53% | 2.49% | 2.49% | 2.29% | 2.15% | 2.27% | 2.18% | 2.09% |
| ▁▁▁█▂▁▁▁ | NPA / Assets (%) | 0.25% | 0.11% | 0.17% | 2.16% | 0.43% | 0.20% | 0.21% | 0.28% |
| ▁▁▁█▁▁▁▁ | Net Charge-Off Ratio (%) | 0.32% | 0.15% | 0.21% | 2.84% | 0.12% | 0.22% | 0.28% | 0.36% |
| ▁▂▁▂▂▅▇█ | Tang. Book Value ($M) | $84 | $87 | $86 | $88 | $86 | $92 | $96 | $100 |
| ▁▂▄▃▅▆██ | Gross Loans ($M) | $634 | $641 | $658 | $653 | $665 | $673 | $692 | $685 |
| ▁▃▂▂▆▇▇█ | Total Deposits ($M) | $713 | $748 | $729 | $740 | $785 | $809 | $810 | $825 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 5% |
| Agricultural | 1% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 9% |