Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.07% | +0.13 | 0.95% |
| Return on Equity (%) | ▼ | 8.72% | -0.22 | 8.94% |
| Net Interest Margin (%) | ▲ | 3.33% | +0.31 | 3.02% |
| Efficiency Ratio (%) | ▲ | 63.51% | -3.55 | 67.06% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $1 |
| Cost of Funds (%) | ▲ | 0.73% | -0.06 | 0.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $237 | +0.33 | $237 |
| Gross Loans ($M) | ▲ | $101 | +6.70 | $94 |
| Loan Growth YoY (%) | ▲ | 47.80% | +3.81 | 43.99% |
| Total Deposits ($M) | ▼ | $207 | -2.96 | $210 |
| Shareholders Equity ($M) | ▲ | $29 | +3.42 | $26 |
| Tang. Book Value ($M) | ▲ | $29 | +3.42 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +3.02 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 47.80% | +3.81 | 43.99% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.44% | +0.02 | 1.43% |
| Allowance / Loans (%) | — | 1.94% | -0.03% | 1.97% |
| Net Charge-Off Ratio (%) | ▲ | 3.39% | -0.17 | 3.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 33.13% | +0.75 | 32.38% |
Noninterest income ($0.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇██ | Net Interest Margin (%) | 2.71% | 2.73% | 2.82% | 3.02% | 3.14% | 3.19% | 3.26% | 3.33% |
| ▄▁▁▃▆▇██ | Return on Assets (%) | 0.97% | 0.92% | 0.90% | 0.95% | 1.01% | 1.03% | 1.06% | 1.07% |
| ███▆▄▄▁▂ | Efficiency Ratio (%) | 70.2% | 69.4% | 69.4% | 67.1% | 65.4% | 64.9% | 61.5% | 63.5% |
| ██▆▃▁▁▃▁ | Cost of Funds (%) | 0.94% | 0.94% | 0.87% | 0.79% | 0.74% | 0.74% | 0.80% | 0.73% |
| █▃▄▁▂▃▁▁ | NPA / Assets (%) | 1.75% | 1.53% | 1.56% | 1.43% | 1.50% | 1.52% | 1.45% | 1.44% |
| █▆▅▃▄▄▁▁ | Net Charge-Off Ratio (%) | 4.25% | 4.02% | 3.83% | 3.55% | 3.70% | 3.69% | 3.32% | 3.39% |
| ▁▅▂▄▅███ | Tang. Book Value ($M) | $23 | $26 | $24 | $26 | $26 | $28 | $29 | $29 |
| ▂▁▂▁▂▅█▇ | Gross Loans ($M) | $95 | $93 | $95 | $94 | $95 | $99 | $103 | $101 |
| ▁▆▃█▄█▃▅ | Total Deposits ($M) | $203 | $208 | $206 | $210 | $206 | $210 | $205 | $207 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Agricultural | 1% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 4% |