Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.33% | +0.46 | 1.87% |
| Return on Equity (%) | ▲ | 18.80% | +2.68 | 16.12% |
| Net Interest Margin (%) | ▲ | 5.00% | +0.30 | 4.70% |
| Efficiency Ratio (%) | ▲ | 56.62% | -4.27 | 60.89% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.47 | $2 |
| Cost of Funds (%) | ▲ | 0.91% | -0.26 | 1.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $486 | +11.43 | $475 |
| Gross Loans ($M) | ▼ | $299 | -3.85 | $303 |
| Loan Growth YoY (%) | ▼ | 69.64% | -2.17 | 71.81% |
| Total Deposits ($M) | ▲ | $423 | +7.20 | $416 |
| Shareholders Equity ($M) | ▲ | $58 | +4.16 | $54 |
| Tang. Book Value ($M) | ▲ | $58 | +4.16 | $54 |
| TBV excl. AOCI ($M)** | ▲ | $63 | +5.23 | $58 |
| Loan / Deposit Ratio (%) | ▼ | 69.64% | -2.17 | 71.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.10 | 0.36% |
| Allowance / Loans (%) | — | 1.30% | 0.07% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.35% | -0.14 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.90% | +0.69 | 20.21% |
Noninterest income ($1.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▄▁▄▅▇█ | Net Interest Margin (%) | 4.76% | 4.77% | 4.81% | 4.70% | 4.81% | 4.87% | 4.96% | 5.00% |
| ▄▅▁▁▄▅▄█ | Return on Assets (%) | 2.05% | 2.10% | 1.85% | 1.87% | 2.05% | 2.14% | 2.04% | 2.33% |
| ▆▄█▆▄▃▇▁ | Efficiency Ratio (%) | 60.2% | 59.4% | 62.3% | 60.9% | 58.9% | 58.1% | 61.1% | 56.6% |
| ▇██▆▅▄▃▁ | Cost of Funds (%) | 1.21% | 1.26% | 1.28% | 1.17% | 1.10% | 1.07% | 1.04% | 0.91% |
| ██▃▂▃▁▃▁ | NPA / Assets (%) | 0.74% | 0.73% | 0.38% | 0.36% | 0.43% | 0.32% | 0.42% | 0.26% |
| ▇█▃▄▇▃▆▁ | Net Charge-Off Ratio (%) | 0.64% | 0.70% | 0.45% | 0.49% | 0.64% | 0.46% | 0.60% | 0.35% |
| ▁▃▃▂▄██▇ | Tang. Book Value ($M) | $53 | $55 | $55 | $54 | $56 | $60 | $60 | $58 |
| ▆▇██▁▅▆▄ | Gross Loans ($M) | $301 | $301 | $304 | $303 | $294 | $299 | $300 | $299 |
| ▁▇▄▆▇▇▃█ | Total Deposits ($M) | $396 | $417 | $409 | $416 | $418 | $417 | $405 | $423 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 11% |
| Agricultural | 2% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 7% |