Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.26% | +0.08 | 2.18% |
| Return on Equity (%) | ▼ | 13.78% | -2.48 | 16.26% |
| Net Interest Margin (%) | ▼ | 8.09% | -0.85 | 8.95% |
| Efficiency Ratio (%) | ▼ | 44.74% | +3.99 | 40.75% |
| Pre-Provision Profit ($M) | ▼ | $7 | -1.02 | $8 |
| Cost of Funds (%) | ▲ | 1.34% | -0.25 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $484 | +24.51 | $460 |
| Gross Loans ($M) | ▲ | $362 | +3.18 | $359 |
| Loan Growth YoY (%) | ▲ | 87.23% | +1.42 | 85.81% |
| Total Deposits ($M) | ▲ | $388 | +2.37 | $386 |
| Shareholders Equity ($M) | ▲ | $85 | +21.94 | $63 |
| Tang. Book Value ($M) | ▲ | $84 | +21.94 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $88 | +22.41 | $66 |
| Loan / Deposit Ratio (%) | ▲ | 87.23% | +1.42 | 85.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.74% | +0.63 | 1.11% |
| Allowance / Loans (%) | — | 6.47% | -1.27% | 7.74% |
| Net Charge-Off Ratio (%) | ▼ | 2.12% | +0.83 | 1.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.70% | +4.88 | 17.83% |
Noninterest income ($3.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▅▅▄▄▁ | Net Interest Margin (%) | 9.49% | 9.42% | 9.37% | 8.95% | 8.85% | 8.77% | 8.71% | 8.09% |
| ▁▂▄█████ | Return on Assets (%) | 0.48% | 0.85% | 1.20% | 2.18% | 2.20% | 2.14% | 2.08% | 2.26% |
| ▃▃▂▁▂▃▄█ | Efficiency Ratio (%) | 42.2% | 41.8% | 41.4% | 40.8% | 41.6% | 41.9% | 42.4% | 44.7% |
| ██▇▄▅▃▂▁ | Cost of Funds (%) | 1.80% | 1.86% | 1.74% | 1.60% | 1.62% | 1.53% | 1.45% | 1.34% |
| ▁▃▃▃▇█▇▆ | NPA / Assets (%) | 0.66% | 1.05% | 1.04% | 1.11% | 1.96% | 2.15% | 1.86% | 1.74% |
| ▁▂▂▃██▇▇ | Net Charge-Off Ratio (%) | 0.80% | 1.16% | 1.15% | 1.29% | 2.36% | 2.54% | 2.18% | 2.12% |
| ▁▁▂▃▃▄▅█ | Tang. Book Value ($M) | $54 | $58 | $58 | $62 | $64 | $68 | $70 | $84 |
| ▁▄█▇▅▃▇█ | Gross Loans ($M) | $346 | $354 | $361 | $359 | $356 | $351 | $358 | $362 |
| ▂▁▆█▃▂▅█ | Total Deposits ($M) | $374 | $369 | $382 | $386 | $375 | $373 | $381 | $388 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 5% |
| Agricultural | 13% |
| Consumer | 17% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 9% |