Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.45% | -0.01 | 1.46% |
| Return on Equity (%) | ▼ | 23.26% | -5.03 | 28.29% |
| Net Interest Margin (%) | ▲ | 2.99% | +0.10 | 2.89% |
| Efficiency Ratio (%) | ▼ | 61.26% | +7.02 | 54.24% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.83 | $4 |
| Cost of Funds (%) | ▲ | 1.48% | -0.29 | 1.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $904 | +48.24 | $856 |
| Gross Loans ($M) | ▼ | $398 | -13.51 | $412 |
| Loan Growth YoY (%) | ▼ | 48.57% | -3.18 | 51.75% |
| Total Deposits ($M) | ▲ | $810 | +23.72 | $787 |
| Shareholders Equity ($M) | ▲ | $56 | +9.35 | $46 |
| Tang. Book Value ($M) | ▲ | $42 | +9.41 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $59 | +9.36 | $50 |
| Loan / Deposit Ratio (%) | ▼ | 48.57% | -3.18 | 51.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.54% | -0.20 | 0.74% |
| Allowance / Loans (%) | — | 1.23% | 0.03% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 1.23% | -0.30 | 1.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.09% | -2.01 | 16.09% |
Noninterest income ($2.62M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆██▇ | Net Interest Margin (%) | 2.57% | 2.62% | 2.66% | 2.89% | 2.91% | 3.07% | 3.08% | 2.99% |
| ▁▁▃▅███▅ | Return on Assets (%) | 1.21% | 1.26% | 1.34% | 1.46% | 1.58% | 1.61% | 1.61% | 1.45% |
| ██▇▁▂▃▄█ | Efficiency Ratio (%) | 61.2% | 61.1% | 59.7% | 54.2% | 55.3% | 56.6% | 56.9% | 61.3% |
| ██▆▅▄▄▂▁ | Cost of Funds (%) | 2.03% | 2.06% | 1.91% | 1.77% | 1.75% | 1.71% | 1.55% | 1.48% |
| █▇▇▆▆▁▁▁ | NPA / Assets (%) | 0.84% | 0.78% | 0.76% | 0.74% | 0.73% | 0.57% | 0.54% | 0.54% |
| █▆▆▅▅▁▁▁ | Net Charge-Off Ratio (%) | 1.86% | 1.68% | 1.62% | 1.53% | 1.52% | 1.17% | 1.15% | 1.23% |
| ▁▆▂▄▅███ | Tang. Book Value ($M) | $25 | $38 | $29 | $33 | $35 | $41 | $43 | $42 |
| ▁▄▆▇▆██▃ | Gross Loans ($M) | $390 | $402 | $407 | $412 | $408 | $416 | $417 | $398 |
| ▂▁▆▄▃▂██ | Total Deposits ($M) | $778 | $770 | $796 | $787 | $781 | $777 | $807 | $810 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 11% |
| Agricultural | 4% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 85% |
| Brokered / Other | 5% |