Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.27% | -0.28 | 1.55% |
| Return on Equity (%) | ▼ | 13.09% | -3.96 | 17.05% |
| Net Interest Margin (%) | ▼ | 3.60% | -0.11 | 3.71% |
| Efficiency Ratio (%) | ▼ | 65.15% | +10.39 | 54.76% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.81 | $4 |
| Cost of Funds (%) | ▲ | 3.05% | -0.24 | 3.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $944 | +38.32 | $906 |
| Gross Loans ($M) | ▼ | $797 | -2.51 | $800 |
| Loan Growth YoY (%) | ▼ | 98.75% | -1.51 | 100.26% |
| Total Deposits ($M) | ▲ | $797 | +7.80 | $790 |
| Shareholders Equity ($M) | ▲ | $93 | +9.70 | $83 |
| Tang. Book Value ($M) | ▲ | $93 | +9.70 | $83 |
| Loan / Deposit Ratio (%) | ▼ | 98.75% | -1.51 | 100.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.28% | +1.27 | 0.01% |
| Allowance / Loans (%) | — | 1.26% | 0.21% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 1.39% | +1.38 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.09% | +0.79 | 10.30% |
Noninterest income ($1.38M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃████▇ | Net Interest Margin (%) | 3.04% | 3.10% | 3.27% | 3.71% | 3.74% | 3.77% | 3.73% | 3.60% |
| ▁▂▃█▇▇▇▅ | Return on Assets (%) | 0.91% | 1.03% | 1.10% | 1.55% | 1.40% | 1.42% | 1.42% | 1.27% |
| ▇▅▅▁▂▁▂█ | Efficiency Ratio (%) | 63.8% | 60.6% | 60.0% | 54.8% | 56.5% | 55.4% | 56.1% | 65.1% |
| █▅█▄▄▆▄▁ | Cost of Funds (%) | 3.59% | 3.39% | 3.61% | 3.29% | 3.30% | 3.43% | 3.30% | 3.05% |
| ▁▁▁▁▁▃██ | NPA / Assets (%) | 0.01% | 0.02% | 0.02% | 0.01% | 0.12% | 0.47% | 1.24% | 1.28% |
| ▁▁▁▁▁▃██ | Net Charge-Off Ratio (%) | 0.01% | 0.03% | 0.02% | 0.01% | 0.14% | 0.51% | 1.39% | 1.39% |
| ▁▃▃▅▆▇██ | Tang. Book Value ($M) | $68 | $76 | $77 | $83 | $84 | $88 | $91 | $93 |
| ▁▃▅▇███▇ | Gross Loans ($M) | $629 | $681 | $742 | $800 | $825 | $829 | $820 | $797 |
| ▁▆▅▇███▇ | Total Deposits ($M) | $612 | $750 | $728 | $790 | $828 | $818 | $801 | $797 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 20% |
| Agricultural | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 36% |