Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.79% | +0.02 | 1.76% |
| Return on Equity (%) | ▼ | 16.23% | -3.74 | 19.97% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.50 | 3.24% |
| Efficiency Ratio (%) | ▼ | 59.72% | +3.91 | 55.82% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.22 | $3 |
| Cost of Funds (%) | ▲ | 1.73% | -0.40 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $666 | -68.75 | $735 |
| Gross Loans ($M) | ▼ | $511 | -64.94 | $576 |
| Loan Growth YoY (%) | ▼ | 86.14% | -0.90 | 87.04% |
| Total Deposits ($M) | ▼ | $587 | -68.43 | $655 |
| Shareholders Equity ($M) | ▲ | $73 | +8.47 | $65 |
| Tang. Book Value ($M) | ▲ | $73 | +8.47 | $65 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +8.39 | $69 |
| Loan / Deposit Ratio (%) | ▼ | 86.14% | -0.90 | 87.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.05% | +0.02 | 0.03% |
| Allowance / Loans (%) | — | 1.18% | 0.12% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 0.06% | +0.02 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.14% | +3.04 | 13.10% |
Noninterest income ($1.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▆▆▇█ | Net Interest Margin (%) | 2.86% | 2.99% | 3.05% | 3.24% | 3.42% | 3.48% | 3.53% | 3.73% |
| ▁▂▃▇▇▇█▇ | Return on Assets (%) | 0.95% | 1.16% | 1.23% | 1.76% | 1.79% | 1.76% | 1.92% | 1.79% |
| █▆▅▁▁▂▁▃ | Efficiency Ratio (%) | 70.6% | 66.5% | 64.8% | 55.8% | 55.9% | 57.8% | 55.6% | 59.7% |
| █▇▆▅▄▄▂▁ | Cost of Funds (%) | 2.51% | 2.36% | 2.28% | 2.13% | 2.09% | 2.03% | 1.84% | 1.73% |
| ▁▁▁▄█▆▇▆ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.03% | 0.06% | 0.04% | 0.05% | 0.05% |
| ▁▁▁▄█▆▇▇ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.03% | 0.08% | 0.05% | 0.06% | 0.06% |
| ▁▂▂▄▄▆██ | Tang. Book Value ($M) | $59 | $63 | $63 | $65 | $66 | $69 | $71 | $73 |
| ▇▆██▄▂▂▁ | Gross Loans ($M) | $564 | $559 | $576 | $576 | $544 | $524 | $525 | $511 |
| ▃▃▆█▄▁▁▂ | Total Deposits ($M) | $598 | $593 | $628 | $655 | $603 | $571 | $568 | $587 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 6% |
| Agricultural | 6% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 11% |