Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.79% | +0.21 | 1.58% |
| Return on Equity (%) | ▲ | 15.30% | +0.64 | 14.66% |
| Net Interest Margin (%) | ▲ | 3.39% | +0.14 | 3.25% |
| Efficiency Ratio (%) | ▲ | 53.11% | -4.14 | 57.25% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.55 | $2 |
| Cost of Funds (%) | ▲ | 1.21% | -0.25 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $528 | +35.17 | $492 |
| Gross Loans ($M) | ▲ | $141 | +3.67 | $138 |
| Loan Growth YoY (%) | ▼ | 30.80% | -1.11 | 31.91% |
| Total Deposits ($M) | ▲ | $451 | +27.21 | $424 |
| Shareholders Equity ($M) | ▲ | $61 | +7.40 | $54 |
| Tang. Book Value ($M) | ▲ | $57 | +7.40 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $73 | +9.05 | $64 |
| Loan / Deposit Ratio (%) | ▼ | 30.80% | -1.11 | 31.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.04 | 0.13% |
| Allowance / Loans (%) | — | 1.63% | -0.03% | 1.66% |
| Net Charge-Off Ratio (%) | ▼ | 0.17% | +0.01 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 33.14% | +0.31 | 32.83% |
Noninterest income ($2.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▂▅▇██ | Net Interest Margin (%) | 3.23% | 3.25% | 3.25% | 3.25% | 3.31% | 3.37% | 3.38% | 3.39% |
| ▃▄▄▂▁▃▅█ | Return on Assets (%) | 1.61% | 1.63% | 1.65% | 1.58% | 1.53% | 1.61% | 1.66% | 1.79% |
| ▅▆▅█▇▅▄▁ | Efficiency Ratio (%) | 55.5% | 55.8% | 55.4% | 57.3% | 56.7% | 55.6% | 54.7% | 53.1% |
| ▅▇█▆▃▄▄▁ | Cost of Funds (%) | 1.42% | 1.50% | 1.55% | 1.45% | 1.33% | 1.36% | 1.34% | 1.21% |
| ▆▄▄▃▂█▇▁ | NPA / Assets (%) | 0.18% | 0.14% | 0.14% | 0.13% | 0.11% | 0.23% | 0.21% | 0.08% |
| ▃▂▂▁▁██▁ | Net Charge-Off Ratio (%) | 0.31% | 0.18% | 0.19% | 0.16% | 0.11% | 0.64% | 0.58% | 0.17% |
| ▁▂▂▄▆▆██ | Tang. Book Value ($M) | $43 | $46 | $44 | $49 | $53 | $52 | $55 | $57 |
| ▃▁▁▂▁██▆ | Gross Loans ($M) | $138 | $136 | $136 | $138 | $137 | $143 | $143 | $141 |
| ▂▂▁▄▅▅▆█ | Total Deposits ($M) | $414 | $414 | $405 | $424 | $428 | $432 | $438 | $451 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 18% |
| Agricultural | 2% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 16% |