Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.48% | +0.34 | 1.14% |
| Return on Equity (%) | ▲ | 14.07% | +3.42 | 10.65% |
| Net Interest Margin (%) | ▼ | 4.33% | -0.32 | 4.65% |
| Efficiency Ratio (%) | ▲ | 58.10% | -7.99 | 66.09% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.20 | $2 |
| Cost of Funds (%) | ▲ | 1.89% | -0.06 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $598 | +70.14 | $528 |
| Gross Loans ($M) | ▲ | $450 | +2.78 | $447 |
| Loan Growth YoY (%) | ▼ | 85.00% | -14.09 | 99.10% |
| Total Deposits ($M) | ▲ | $522 | +76.25 | $446 |
| Shareholders Equity ($M) | ▲ | $63 | +7.66 | $55 |
| Tang. Book Value ($M) | ▲ | $63 | +7.66 | $55 |
| Loan / Deposit Ratio (%) | ▼ | 85.00% | -14.09 | 99.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.71% | -0.24 | 1.95% |
| Allowance / Loans (%) | — | 1.35% | 0.16% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 2.28% | -0.03 | 2.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.02% | +1.11 | 12.91% |
Noninterest income ($1.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆████▆▆▁ | Net Interest Margin (%) | 4.59% | 4.65% | 4.65% | 4.65% | 4.68% | 4.59% | 4.55% | 4.33% |
| ▁▂▃▃▃▃▃█ | Return on Assets (%) | 1.01% | 1.10% | 1.13% | 1.14% | 1.16% | 1.14% | 1.18% | 1.48% |
| █▇▆▅▆▅▄▁ | Efficiency Ratio (%) | 71.2% | 68.8% | 67.9% | 66.1% | 66.5% | 66.3% | 64.7% | 58.1% |
| ▆▄▅▂█▃█▁ | Cost of Funds (%) | 2.10% | 2.04% | 2.08% | 1.95% | 2.21% | 2.00% | 2.22% | 1.89% |
| █▁▇▆▆▄▅▅ | NPA / Assets (%) | 2.24% | 1.09% | 2.10% | 1.95% | 1.87% | 1.64% | 1.76% | 1.71% |
| █▁▇▆▆▆▆▆ | Net Charge-Off Ratio (%) | 2.67% | 1.31% | 2.34% | 2.31% | 2.17% | 2.18% | 2.33% | 2.28% |
| ▁▂▃▄▅▆██ | Tang. Book Value ($M) | $49 | $51 | $54 | $55 | $57 | $60 | $62 | $63 |
| ▁▃▅▆██▆▆ | Gross Loans ($M) | $398 | $424 | $441 | $447 | $462 | $467 | $444 | $450 |
| ▁▁▂▃▄███ | Total Deposits ($M) | $422 | $420 | $435 | $446 | $471 | $522 | $514 | $522 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 19% |
| Agricultural | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 22% |