Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -2.07% | -2.48 | 0.41% |
| Return on Equity (%) | ▼ | -17.51% | -21.00 | 3.49% |
| Net Interest Margin (%) | ▲ | 3.12% | +0.33 | 2.79% |
| Efficiency Ratio (%) | ▲ | 82.86% | -2.33 | 85.19% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.40 | $2 |
| Cost of Funds (%) | ▼ | 1.29% | +0.00 | 1.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,461 | -49.92 | $1,511 |
| Gross Loans ($M) | ▲ | $1,092 | +30.02 | $1,062 |
| Loan Growth YoY (%) | ▲ | 85.51% | +1.03 | 84.47% |
| Total Deposits ($M) | ▲ | $1,260 | +20.30 | $1,240 |
| Shareholders Equity ($M) | ▼ | $166 | -12.39 | $179 |
| Tang. Book Value ($M) | ▼ | $139 | -12.30 | $152 |
| TBV excl. AOCI ($M)** | ▼ | $147 | -20.68 | $168 |
| Loan / Deposit Ratio (%) | ▲ | 85.51% | +1.03 | 84.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.53% | +0.52 | 0.01% |
| Allowance / Loans (%) | — | 1.40% | -0.05% | 1.45% |
| Net Charge-Off Ratio (%) | ▼ | 0.71% | +0.70 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.37% | -0.86 | 15.23% |
Noninterest income ($3.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▅▆█ | Net Interest Margin (%) | 2.60% | 2.63% | 2.68% | 2.79% | 2.89% | 2.91% | 2.98% | 3.12% |
| ▇▇█████▁ | Return on Assets (%) | -0.15% | 0.07% | 0.16% | 0.41% | 0.42% | 0.41% | 0.42% | -2.07% |
| █▅▄▂▂▂▂▁ | Efficiency Ratio (%) | 96.6% | 90.9% | 89.2% | 85.2% | 85.1% | 85.6% | 85.1% | 82.9% |
| ▂█▇▁▄▅▃▁ | Cost of Funds (%) | 1.31% | 1.41% | 1.39% | 1.28% | 1.34% | 1.36% | 1.32% | 1.29% |
| ▁▁▁▁▁▁▂█ | NPA / Assets (%) | 0.03% | 0.03% | 0.03% | 0.01% | 0.01% | 0.05% | 0.07% | 0.53% |
| ▁▁▁▁▁▁▂█ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.04% | 0.01% | 0.01% | 0.07% | 0.10% | 0.71% |
| ▃▅▅▆▇██▁ | Tang. Book Value ($M) | $145 | $150 | $149 | $152 | $154 | $156 | $157 | $139 |
| ▁▃▁▃▄▅▇█ | Gross Loans ($M) | $1,045 | $1,061 | $1,045 | $1,062 | $1,068 | $1,070 | $1,085 | $1,092 |
| ▃▆▂▅▁▆▅█ | Total Deposits ($M) | $1,230 | $1,247 | $1,226 | $1,240 | $1,216 | $1,244 | $1,239 | $1,260 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 11% |
| Agricultural | 4% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 5% |