Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.25 | 0.98% |
| Return on Equity (%) | ▲ | 16.43% | +1.47 | 14.96% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.29 | 3.17% |
| Efficiency Ratio (%) | ▲ | 67.71% | -3.35 | 71.05% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.34 | $2 |
| Cost of Funds (%) | ▲ | 1.58% | -0.21 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $595 | +5.85 | $589 |
| Gross Loans ($M) | ▲ | $357 | +3.26 | $353 |
| Loan Growth YoY (%) | ▲ | 67.71% | +0.53 | 67.19% |
| Total Deposits ($M) | ▲ | $519 | +0.70 | $519 |
| Shareholders Equity ($M) | ▲ | $44 | +5.03 | $39 |
| Tang. Book Value ($M) | ▲ | $44 | +5.03 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +5.96 | $47 |
| Loan / Deposit Ratio (%) | ▲ | 67.71% | +0.53 | 67.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.14% | -0.02 | 0.15% |
| Allowance / Loans (%) | — | 1.35% | 0.00% | 1.34% |
| Net Charge-Off Ratio (%) | ▲ | 0.23% | -0.03 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.57% | +0.39 | 13.18% |
Noninterest income ($0.99M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▇▇█ | Net Interest Margin (%) | 2.85% | 2.88% | 2.91% | 3.17% | 3.27% | 3.32% | 3.37% | 3.46% |
| ▁▁▂▄▆▆▆█ | Return on Assets (%) | 0.81% | 0.83% | 0.89% | 0.98% | 1.10% | 1.12% | 1.11% | 1.23% |
| ██▇▄▂▂▃▁ | Efficiency Ratio (%) | 76.0% | 75.5% | 74.2% | 71.1% | 69.7% | 69.0% | 70.0% | 67.7% |
| ██▇▄▃▃▃▁ | Cost of Funds (%) | 2.03% | 2.08% | 1.99% | 1.79% | 1.74% | 1.75% | 1.74% | 1.58% |
| ▂▁▅█▇█▆▇ | NPA / Assets (%) | 0.07% | 0.05% | 0.11% | 0.15% | 0.13% | 0.15% | 0.12% | 0.14% |
| ▂▁▅█▆█▆▇ | Net Charge-Off Ratio (%) | 0.11% | 0.09% | 0.18% | 0.26% | 0.21% | 0.25% | 0.19% | 0.23% |
| ▁▅▂▄▅▇██ | Tang. Book Value ($M) | $35 | $39 | $36 | $39 | $40 | $42 | $44 | $44 |
| ▂▁▁▂▅█▆▅ | Gross Loans ($M) | $352 | $352 | $351 | $353 | $357 | $362 | $358 | $357 |
| ▅▁▄█▄▄▃█ | Total Deposits ($M) | $511 | $501 | $509 | $519 | $508 | $510 | $508 | $519 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 8% |
| Agricultural | 2% |
| Consumer | 10% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 14% |