Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.20% | +0.12 | 1.08% |
| Return on Equity (%) | ▲ | 12.53% | +1.05 | 11.48% |
| Net Interest Margin (%) | ▲ | 4.21% | +0.34 | 3.88% |
| Efficiency Ratio (%) | ▲ | 59.83% | -4.24 | 64.08% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.35 | $4 |
| Cost of Funds (%) | ▲ | 1.75% | -0.28 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,229 | +100.42 | $1,129 |
| Gross Loans ($M) | ▲ | $953 | +67.97 | $885 |
| Loan Growth YoY (%) | ▼ | 89.97% | -1.61 | 91.59% |
| Total Deposits ($M) | ▲ | $1,045 | +89.50 | $956 |
| Shareholders Equity ($M) | ▲ | $117 | +10.36 | $106 |
| Tang. Book Value ($M) | ▲ | $113 | +7.94 | $105 |
| TBV excl. AOCI ($M)** | ▲ | $120 | +7.60 | $112 |
| Loan / Deposit Ratio (%) | ▼ | 89.97% | -1.61 | 91.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.54% | -0.42 | 0.96% |
| Allowance / Loans (%) | — | 1.33% | 0.22% | 1.11% |
| Net Charge-Off Ratio (%) | ▲ | 0.61% | -0.59 | 1.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.86M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▆▇██ | Net Interest Margin (%) | 3.55% | 3.64% | 3.70% | 3.88% | 4.02% | 4.12% | 4.14% | 4.21% |
| ▁▂▃▄▇███ | Return on Assets (%) | 0.95% | 1.00% | 1.04% | 1.08% | 1.19% | 1.22% | 1.23% | 1.20% |
| ██▇▅▁▁▁▁ | Efficiency Ratio (%) | 68.8% | 68.2% | 67.4% | 64.1% | 59.3% | 58.8% | 59.4% | 59.8% |
| ██▅▅▄▃▁▁ | Cost of Funds (%) | 2.22% | 2.27% | 2.02% | 2.03% | 1.96% | 1.94% | 1.79% | 1.75% |
| ▅▄▅█▃▂▁▂ | NPA / Assets (%) | 0.75% | 0.70% | 0.74% | 0.96% | 0.60% | 0.52% | 0.44% | 0.54% |
| ▆▅▆█▃▁▁▂ | Net Charge-Off Ratio (%) | 0.95% | 0.89% | 0.95% | 1.20% | 0.70% | 0.57% | 0.48% | 0.61% |
| ▁▂▃▄▆▇██ | Tang. Book Value ($M) | $98 | $102 | $102 | $105 | $107 | $110 | $112 | $113 |
| ▁▁▁▂▂▃▆█ | Gross Loans ($M) | $864 | $863 | $868 | $885 | $884 | $895 | $929 | $953 |
| ▁▁▁▃▃▃▄█ | Total Deposits ($M) | $925 | $912 | $914 | $956 | $960 | $954 | $975 | $1,045 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 56% |
| C&I / Commercial | 18% |
| Agricultural | 18% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 16% |