Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.62% | +0.10 | 0.52% |
| Return on Equity (%) | ▲ | 7.41% | +0.94 | 6.47% |
| Net Interest Margin (%) | ▲ | 3.57% | +0.26 | 3.31% |
| Efficiency Ratio (%) | ▲ | 85.75% | -1.75 | 87.50% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.28 | $1 |
| Cost of Funds (%) | ▲ | 0.76% | -0.08 | 0.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $699 | +22.76 | $676 |
| Gross Loans ($M) | ▼ | $380 | -16.26 | $396 |
| Loan Growth YoY (%) | ▼ | 58.98% | -7.07 | 66.05% |
| Total Deposits ($M) | ▲ | $637 | +43.14 | $594 |
| Shareholders Equity ($M) | ▲ | $59 | +4.12 | $55 |
| Tang. Book Value ($M) | ▲ | $59 | +4.14 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +4.10 | $64 |
| Loan / Deposit Ratio (%) | ▼ | 58.98% | -7.07 | 66.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.48% | +0.23 | 0.25% |
| Allowance / Loans (%) | — | 1.10% | 0.11% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 0.88% | +0.45 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.43% | +0.78 | 14.64% |
Noninterest income ($3.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▇▇██ | Net Interest Margin (%) | 2.93% | 2.99% | 3.06% | 3.31% | 3.44% | 3.47% | 3.50% | 3.57% |
| ▁▃▄▇▆▆▇█ | Return on Assets (%) | 0.05% | 0.19% | 0.28% | 0.52% | 0.45% | 0.42% | 0.49% | 0.62% |
| █▆▄▂▂▂▁▁ | Efficiency Ratio (%) | 97.0% | 93.8% | 90.8% | 87.5% | 88.4% | 88.0% | 86.9% | 85.8% |
| ▇█▅▃▃▅▃▁ | Cost of Funds (%) | 0.96% | 1.00% | 0.88% | 0.84% | 0.85% | 0.89% | 0.83% | 0.76% |
| ▁▁▁▃▇██▆ | NPA / Assets (%) | 0.13% | 0.13% | 0.10% | 0.25% | 0.56% | 0.64% | 0.61% | 0.48% |
| ▁▁▁▃▇██▆ | Net Charge-Off Ratio (%) | 0.15% | 0.15% | 0.17% | 0.43% | 0.95% | 1.13% | 1.09% | 0.88% |
| ▁▄▄▆▆███ | Tang. Book Value ($M) | $48 | $53 | $53 | $55 | $55 | $57 | $58 | $59 |
| ▂▄▅▆█▃▅▁ | Gross Loans ($M) | $385 | $392 | $393 | $396 | $404 | $388 | $395 | $380 |
| ▁▁▁▁▂▄█▇ | Total Deposits ($M) | $593 | $590 | $588 | $594 | $601 | $617 | $649 | $637 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 13% |
| Agricultural | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 7% |