Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.07% | -0.79 | 1.86% |
| Return on Equity (%) | ▼ | 11.23% | -11.55 | 22.78% |
| Net Interest Margin (%) | ▲ | 4.44% | +0.12 | 4.31% |
| Efficiency Ratio (%) | ▼ | 62.44% | +4.14 | 58.30% |
| Pre-Provision Profit ($M) | ▼ | $5 | -0.32 | $6 |
| Cost of Funds (%) | ▲ | 1.25% | -0.47 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $983 | +4.34 | $979 |
| Gross Loans ($M) | ▲ | $796 | +60.42 | $736 |
| Loan Growth YoY (%) | ▲ | 90.96% | +9.30 | 81.66% |
| Total Deposits ($M) | ▼ | $862 | -27.43 | $889 |
| Shareholders Equity ($M) | ▲ | $94 | +12.15 | $82 |
| Tang. Book Value ($M) | ▲ | $91 | +12.20 | $79 |
| TBV excl. AOCI ($M)** | ▲ | $98 | +10.58 | $87 |
| Loan / Deposit Ratio (%) | ▲ | 90.96% | +9.30 | 81.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.30% | +0.93 | 0.38% |
| Allowance / Loans (%) | — | 1.53% | 0.23% | 1.30% |
| Net Charge-Off Ratio (%) | ▼ | 1.60% | +1.13 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.13% | +0.23 | 12.91% |
Noninterest income ($4.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂█▅▆▆█ | Net Interest Margin (%) | 3.43% | 3.49% | 3.56% | 4.31% | 4.03% | 4.10% | 4.16% | 4.44% |
| ▂▂▂█▅▆▃▁ | Return on Assets (%) | 1.20% | 1.25% | 1.19% | 1.86% | 1.53% | 1.59% | 1.34% | 1.07% |
| ▇▆█▁▄▃▅▄ | Efficiency Ratio (%) | 65.3% | 64.9% | 67.3% | 58.3% | 62.3% | 61.6% | 63.6% | 62.4% |
| █▆▆▅█▄▃▁ | Cost of Funds (%) | 2.02% | 1.77% | 1.75% | 1.72% | 1.97% | 1.60% | 1.47% | 1.25% |
| ▁▁▃▁▁▁▁█ | NPA / Assets (%) | 0.43% | 0.43% | 0.57% | 0.38% | 0.31% | 0.33% | 0.36% | 1.30% |
| ▂▂▃▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.59% | 0.60% | 0.77% | 0.47% | 0.39% | 0.41% | 0.45% | 1.60% |
| ▁▃▂▄▄▇██ | Tang. Book Value ($M) | $71 | $77 | $74 | $79 | $80 | $87 | $91 | $91 |
| ▁▂▃▄▆▇▇█ | Gross Loans ($M) | $682 | $702 | $719 | $736 | $763 | $771 | $777 | $796 |
| ▁▄▄▅█▆▅▁ | Total Deposits ($M) | $859 | $883 | $879 | $889 | $908 | $891 | $889 | $862 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 7% |
| Agricultural | 8% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 5% |