Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.03% | -0.37 | 0.34% |
| Return on Equity (%) | ▼ | -0.37% | -4.23 | 3.86% |
| Net Interest Margin (%) | ▲ | 3.95% | +0.22 | 3.73% |
| Efficiency Ratio (%) | ▲ | 85.84% | -5.27 | 91.11% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.67 | $1 |
| Cost of Funds (%) | ▲ | 2.83% | -0.34 | 3.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,081 | -36.16 | $1,117 |
| Gross Loans ($M) | ▼ | $751 | -49.21 | $800 |
| Loan Growth YoY (%) | ▼ | 79.41% | -2.11 | 81.52% |
| Total Deposits ($M) | ▼ | $931 | -34.18 | $965 |
| Shareholders Equity ($M) | ▼ | $102 | -0.36 | $102 |
| Tang. Book Value ($M) | ▼ | $102 | -0.23 | $102 |
| TBV excl. AOCI ($M)** | ▼ | $110 | -0.33 | $111 |
| Loan / Deposit Ratio (%) | ▼ | 79.41% | -2.11 | 81.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.48% | +0.16 | 0.32% |
| Allowance / Loans (%) | — | 1.52% | -0.12% | 1.65% |
| Net Charge-Off Ratio (%) | ▼ | 0.69% | +0.25 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.67% | +0.28 | 12.38% |
Noninterest income ($1.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▁▅▆▇█ | Net Interest Margin (%) | 3.98% | 3.94% | 3.89% | 3.73% | 3.86% | 3.92% | 3.94% | 3.95% |
| █▄▂█▅▆▂▁ | Return on Assets (%) | 0.30% | 0.12% | 0.04% | 0.34% | 0.18% | 0.22% | 0.05% | -0.03% |
| ▁▁▂█▇▆▇▅ | Efficiency Ratio (%) | 79.9% | 80.2% | 82.3% | 91.1% | 88.7% | 87.2% | 88.5% | 85.8% |
| ▇██▆▂▃▂▁ | Cost of Funds (%) | 3.24% | 3.31% | 3.34% | 3.17% | 2.96% | 2.97% | 2.95% | 2.83% |
| ▁▃▃▂▆▅██ | NPA / Assets (%) | 0.27% | 0.33% | 0.35% | 0.32% | 0.41% | 0.41% | 0.49% | 0.48% |
| ▁▃▄▂▅▅██ | Net Charge-Off Ratio (%) | 0.40% | 0.50% | 0.52% | 0.45% | 0.57% | 0.57% | 0.69% | 0.69% |
| ▃▇▁▆▄█▇▅ | Tang. Book Value ($M) | $100 | $103 | $98 | $102 | $100 | $104 | $103 | $102 |
| █▇█▆▅▄▄▁ | Gross Loans ($M) | $818 | $801 | $815 | $800 | $793 | $776 | $780 | $751 |
| ██▇▃▂▁▁▁ | Total Deposits ($M) | $1,057 | $1,054 | $1,039 | $965 | $949 | $943 | $939 | $931 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 29% |
| C&I / Commercial | 11% |
| Agricultural | 4% |
| Consumer | 55% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 18% |