Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.90% | +0.02 | 1.88% |
| Return on Equity (%) | ▲ | 17.13% | +1.78 | 15.35% |
| Net Interest Margin (%) | ▼ | 3.73% | -0.03 | 3.76% |
| Efficiency Ratio (%) | ▲ | 54.41% | -1.04 | 55.45% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.16 | $1 |
| Cost of Funds (%) | ▲ | 0.46% | -0.06 | 0.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $329 | +31.38 | $297 |
| Gross Loans ($M) | ▲ | $73 | +3.41 | $70 |
| Loan Growth YoY (%) | ▼ | 24.83% | -1.73 | 26.57% |
| Total Deposits ($M) | ▲ | $289 | +32.06 | $257 |
| Shareholders Equity ($M) | ▼ | $36 | -0.68 | $37 |
| Tang. Book Value ($M) | ▼ | $36 | -0.68 | $37 |
| TBV excl. AOCI ($M)** | ▼ | $47 | -0.10 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 24.83% | -1.73 | 26.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.23 | 0.39% |
| Allowance / Loans (%) | — | 2.00% | -0.23% | 2.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.72% | -0.93 | 1.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 32.47% | -4.32 | 36.79% |
Noninterest income ($0.50M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▆▆▂▃▇█▁ | Net Interest Margin (%) | 3.79% | 3.82% | 3.82% | 3.76% | 3.77% | 3.82% | 3.86% | 3.73% |
| ▃▄▃▁▁▆█▁ | Return on Assets (%) | 1.93% | 1.95% | 1.94% | 1.88% | 1.88% | 1.98% | 2.04% | 1.90% |
| ▆▇███▄▁▆ | Efficiency Ratio (%) | 54.7% | 55.0% | 55.2% | 55.5% | 55.5% | 53.7% | 52.6% | 54.4% |
| ▆█▇▅▆▆▄▁ | Cost of Funds (%) | 0.54% | 0.58% | 0.55% | 0.52% | 0.54% | 0.55% | 0.50% | 0.46% |
| ▁▄██▇▅▃▁ | NPA / Assets (%) | 0.15% | 0.25% | 0.41% | 0.39% | 0.36% | 0.30% | 0.24% | 0.16% |
| ▁▃███▄▂▂ | Net Charge-Off Ratio (%) | 0.50% | 0.90% | 1.58% | 1.65% | 1.54% | 1.05% | 0.75% | 0.72% |
| ▁▇▅█▁▃▆▇ | Tang. Book Value ($M) | $34 | $36 | $35 | $37 | $34 | $35 | $36 | $36 |
| █▇█▁▇▂▇▆ | Gross Loans ($M) | $75 | $74 | $75 | $70 | $74 | $71 | $74 | $73 |
| ▂▁▂▂▆▆▇█ | Total Deposits ($M) | $255 | $247 | $254 | $257 | $275 | $278 | $282 | $289 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 10% |
| Agricultural | 11% |
| Consumer | 4% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 48% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 6% |