Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.92% | +0.53 | 0.39% |
| Return on Equity (%) | ▲ | 8.85% | +4.72 | 4.13% |
| Net Interest Margin (%) | ▲ | 3.65% | +0.41 | 3.23% |
| Efficiency Ratio (%) | ▼ | 74.19% | +0.10 | 74.09% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $1 |
| Cost of Funds (%) | ▲ | 2.22% | -0.17 | 2.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $517 | -10.47 | $528 |
| Gross Loans ($M) | ▼ | $442 | -2.10 | $444 |
| Loan Growth YoY (%) | ▲ | 96.23% | +1.95 | 94.28% |
| Total Deposits ($M) | ▼ | $454 | -11.46 | $465 |
| Shareholders Equity ($M) | ▲ | $54 | +4.75 | $50 |
| Tang. Book Value ($M) | ▲ | $53 | +4.91 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +4.97 | $50 |
| Loan / Deposit Ratio (%) | ▲ | 96.23% | +1.95 | 94.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.11 | 0.32% |
| Allowance / Loans (%) | — | 1.33% | -0.02% | 1.36% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.36 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.95% | +1.03 | 11.92% |
Noninterest income ($1.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 2.92% | 2.97% | 3.05% | 3.23% | 3.29% | 3.37% | 3.43% | 3.65% |
| ▃▃▅▁▄▃▄█ | Return on Assets (%) | 0.59% | 0.56% | 0.66% | 0.39% | 0.64% | 0.56% | 0.64% | 0.92% |
| ▆█▆▁▁▁▁▁ | Efficiency Ratio (%) | 77.7% | 79.0% | 77.3% | 74.1% | 74.0% | 74.2% | 74.3% | 74.2% |
| ▇█▆▃▄▄▂▁ | Cost of Funds (%) | 2.73% | 2.81% | 2.60% | 2.38% | 2.50% | 2.47% | 2.31% | 2.22% |
| ██▁▂▂▁▁▁ | NPA / Assets (%) | 0.71% | 0.71% | 0.21% | 0.32% | 0.31% | 0.22% | 0.20% | 0.20% |
| ██▄▇▆▁▁▁ | Net Charge-Off Ratio (%) | 0.48% | 0.48% | 0.23% | 0.38% | 0.35% | 0.02% | 0.01% | 0.01% |
| ▁▁▃▃▅▆▇█ | Tang. Book Value ($M) | $45 | $46 | $47 | $48 | $50 | $50 | $51 | $53 |
| ▇▃█▂▆▁▅▁ | Gross Loans ($M) | $452 | $446 | $455 | $444 | $450 | $442 | $449 | $442 |
| ▅▃▄█▆▁▅▆ | Total Deposits ($M) | $450 | $440 | $445 | $465 | $455 | $431 | $450 | $454 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 7% |
| Agricultural | 10% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 10% |