Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.70% | +0.32 | 1.39% |
| Return on Equity (%) | ▲ | 18.85% | +2.68 | 16.17% |
| Net Interest Margin (%) | ▲ | 3.30% | +0.25 | 3.05% |
| Efficiency Ratio (%) | ▲ | 52.60% | -3.39 | 55.98% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.71 | $3 |
| Cost of Funds (%) | ▲ | 2.21% | -0.13 | 2.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $772 | +45.77 | $726 |
| Gross Loans ($M) | ▲ | $637 | +21.75 | $615 |
| Loan Growth YoY (%) | ▼ | 90.95% | -2.38 | 93.33% |
| Total Deposits ($M) | ▲ | $691 | +40.49 | $650 |
| Shareholders Equity ($M) | ▲ | $69 | +6.43 | $63 |
| Tang. Book Value ($M) | ▲ | $66 | +6.43 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +6.46 | $62 |
| Loan / Deposit Ratio (%) | ▼ | 90.95% | -2.38 | 93.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.04 | 0.13% |
| Allowance / Loans (%) | — | 1.37% | 0.02% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 0.20% | +0.05 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 9.85% | +0.31 | 9.54% |
Noninterest income ($1.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▇█ | Net Interest Margin (%) | 2.85% | 2.89% | 2.92% | 3.05% | 3.19% | 3.21% | 3.23% | 3.30% |
| ▁▂▁▄▆▇▅█ | Return on Assets (%) | 1.12% | 1.17% | 1.09% | 1.39% | 1.50% | 1.57% | 1.41% | 1.70% |
| ▆▆█▃▂▁▅▁ | Efficiency Ratio (%) | 61.5% | 60.9% | 64.4% | 56.0% | 54.8% | 53.7% | 59.1% | 52.6% |
| ▇█▅▃▅▄▄▁ | Cost of Funds (%) | 2.52% | 2.59% | 2.44% | 2.34% | 2.41% | 2.36% | 2.36% | 2.21% |
| ▅▅▇▇▁▂██ | NPA / Assets (%) | 0.09% | 0.09% | 0.14% | 0.13% | 0.01% | 0.03% | 0.15% | 0.16% |
| ▄▅▇▆▁▂██ | Net Charge-Off Ratio (%) | 0.11% | 0.11% | 0.16% | 0.15% | 0.02% | 0.04% | 0.18% | 0.20% |
| ▁▂▂▃▅▇██ | Tang. Book Value ($M) | $56 | $58 | $58 | $59 | $62 | $64 | $65 | $66 |
| ▁▁▅▆▅▄██ | Gross Loans ($M) | $571 | $578 | $607 | $615 | $611 | $598 | $632 | $637 |
| ▁▁▃▅▄▆▆█ | Total Deposits ($M) | $593 | $599 | $626 | $650 | $634 | $655 | $659 | $691 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 10% |
| Agricultural | 23% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 16% |