Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.16 | 0.87% |
| Return on Equity (%) | ▲ | 11.85% | +2.30 | 9.55% |
| Net Interest Margin (%) | ▼ | 3.98% | -0.03 | 4.02% |
| Efficiency Ratio (%) | ▲ | 75.83% | -3.35 | 79.19% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.45 | $1 |
| Cost of Funds (%) | ▲ | 1.71% | -0.18 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $712 | +95.03 | $616 |
| Gross Loans ($M) | ▲ | $574 | +57.25 | $517 |
| Loan Growth YoY (%) | ▼ | 90.00% | -1.67 | 91.67% |
| Total Deposits ($M) | ▲ | $632 | +73.65 | $558 |
| Shareholders Equity ($M) | ▲ | $60 | +4.54 | $56 |
| Tang. Book Value ($M) | ▲ | $59 | +4.66 | $54 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +4.12 | $57 |
| Loan / Deposit Ratio (%) | ▼ | 90.00% | -1.67 | 91.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.73% | +0.34 | 0.39% |
| Allowance / Loans (%) | — | 1.00% | -0.05% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.90% | +0.44 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.21% | -0.48 | 11.68% |
Noninterest income ($1.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁███▆█ | Net Interest Margin (%) | 3.54% | 3.61% | 3.50% | 4.02% | 3.99% | 4.03% | 3.86% | 3.98% |
| ▁▄▅▄▄▇█▇ | Return on Assets (%) | 0.72% | 0.87% | 0.93% | 0.87% | 0.90% | 1.02% | 1.07% | 1.03% |
| █▄▂█▇▃▁▂ | Efficiency Ratio (%) | 79.7% | 76.9% | 75.7% | 79.2% | 78.6% | 76.5% | 74.9% | 75.8% |
| ██▆▃▃▄▃▁ | Cost of Funds (%) | 2.20% | 2.18% | 2.07% | 1.89% | 1.87% | 1.94% | 1.89% | 1.71% |
| ▁▁▁▂█▇▅▅ | NPA / Assets (%) | 0.25% | 0.18% | 0.17% | 0.39% | 1.15% | 1.02% | 0.75% | 0.73% |
| ▁▁▁▂█▇▅▅ | Net Charge-Off Ratio (%) | 0.31% | 0.22% | 0.20% | 0.47% | 1.36% | 1.19% | 0.87% | 0.90% |
| ▁▃▄▄▄▅▇█ | Tang. Book Value ($M) | $50 | $53 | $54 | $54 | $54 | $55 | $57 | $59 |
| ▁▃▂▃▄▇██ | Gross Loans ($M) | $494 | $516 | $511 | $517 | $532 | $556 | $569 | $574 |
| ▁▂▁▂▂▃▂█ | Total Deposits ($M) | $541 | $558 | $548 | $558 | $557 | $566 | $559 | $632 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 20% |
| Agricultural | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 7% |